Business leaders in Staffordshire are being invited to make their views known on recent and proposed increases to the National Living Wage (NLW) and the National Minimum Wage (NMW).
The Low Pay Commission (LPC), the independent body that advises the Government on the National Living Wage level, is suggesting an hourly rate increase for next year from £11.44 to around £11.89.
The Labour Party has announced that it would lower the threshold of the NLW from age 21 to age 18.
The TUC is calling for the NMW to rise from two-thirds of median earnings to three-quarters, with a starting point of £15 per hour.
Staffordshire Chambers of Commerce are keen to get the views of the business community on the effects of both this year’s rates (NLW up 10 per cent) and those proposed for next year.
Policy Adviser Declan Riddell said: “Feedback suggests that the recent increases have had a significant impact on business costs and wage inflation.
“The British Chambers of Commerce (BCC) have been asked by the Low Pay Commission to provide evidence to help them understand the impacts of this recent rate increase and the proposed increases from 2025.”
The Chambers would like to know what impact have the increases had on business, what’s the impact on young people’s employment prospects and what impact would future increases have on businesses and the local economy.
To make your views known email:
The Low Pay Commission has also launched a consultation:
