Low Pay Commission welcomes new remit from Government
Wednesday, 11 March 2020 14:22
In today’s 2020 Budget, the Chancellor confirmed that the Low
Pay Commission (LPC) would be asked to make recommendations on the
National Living Wage with a view to reaching a level of two-thirds
of median earnings by 2024, provided economic conditions allow. The
Government’s 2020 remit to the LPC has also been
published today. Responding to the Chancellor’s...Request free trial
In today’s 2020
Budget, the Chancellor confirmed that the Low Pay
Commission (LPC) would be asked to make recommendations on
the National Living Wage with a view to reaching a level of
two-thirds of median earnings by 2024, provided economic
conditions allow. The Government’s 2020 remit to the
LPC has also been published today.
Responding to the Chancellor’s announcement, Bryan
Sanderson, Chair of the LPC, said:
We welcome the confirmation of our 2020 remit in
today’s Budget. The target for the National Living
Wage to reach two-thirds of median earnings by 2024
is an ambitious one. We will need to listen closely
to what employers and workers are telling us, and to
very carefully assess the economic evidence in making
our recommendations. The current concerns around the
coronavirus only reinforce the importance of taking
economic conditions into account.
We will be launching our written consultation in the
coming days, to start the process of making
recommendations on the 2021 minimum wage rates.
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