National Living Wage by then. A survey conducted in November 2015 by the Resolution Foundation and the Chartered Institute of Personnel and Development revealed that the policy is expected to have its greatest impact in the retail, hospitality and healthcare sectors. The policy has received criticism from some large employers, particularly supermarkets and the food and drink sector, where profits may be reduced by up to 10%. Some large employers have said that they may pass on the additional cost to consumers in the form of higher prices and some intend to improve productivity. The supermarket chain Lidl has said it will implement
National Living Wage the end of his budget speech on 8 July 2015, a new national minimum wage rate only for people over the age of 25. The National Living Wage is implemented via an amendment to National Minimum Wage Act 1998. The National Living Wage is being phased in between April 2016 and April 2020, with the aim of reaching 60% of median UK earnings by 2020. For over-25 year old employees, the wage will begin at £7.20 per hour in April 2016 and is projected to rise to at least £9 per hour by April 2020. Smaller employers have had their