Businesses are being asked to contribute their thoughts on the National Living Wage.
The British Chambers of Commerce have heard from some member businesses that the recent increases have had a significant impact on business costs and wage inflation. BCC has 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.
In April, the NLW increased by around 10% and the threshold was lowered from age 23 to 21. In addition, the Apprentice rate was raised by 20% to bring it in line with the 16-17 NMW rate.
BCC will be submitting both written and oral evidence to the commission. Please provide any evidence you would like included in the written submission to h.larsen@britishchambers.org.uk by 29th May.
