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 National Living Wage The National Living Wage is an obligatory minimum wage payable to workers in the United Kingdom aged 25 and over which came into effect on 1 April 2016. it is £7.83 per hour for those aged 25 and over, £7.38 for those aged 21–24, £5.90 for ages 18–20 and £4.20 for under 18s. It was implemented at a significantly higher rate than the preceding national minimum wage rate, and is expected to rise to at least £9 per hour by 2020. The Chancellor of the Exchequer George Osborne announced what he termed the "National Living Wage" at