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 a “living wage” without increasing any of its prices. A report by Moody's Investors Service stated supermarkets may employ a higher proportion of under-25 year olds to reduce employee costs. The Office for Budget Responsibility estimates the policy will result in 60,000 fewer jobs, equivalent to a 0.2% increase in the unemployment rate. The announcement of the National Living Wage was seen as a political coup for the Conservative government because the opposition Labour Party had proposed that the national minimum wage rise only to £8 per hour. Opponents have objected to the government's use of the term "living wage"