Insight: National Living Wage – bad news for business or a blessing in disguise?

When Chancellor George Osborne introduced the National Living Wage (NLW) last summer, he confidently asserted that this would help move the UK “to a higher wage, lower tax, lower welfare society”. Despite his positive words and vision for the economy, the NLW has sharply divided businesses and spawned a flurry of negative headlines. From drastic job cuts and price hikes to total economic collapse, businesses concerned about the NLW’s impact on profits have generated all kinds of doomsday predictions. This article considers the potential impact of the NLW on UK employers and whether businesses could gain from this ostensibly radical shift in public policy.
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Virginia Allen

About Virginia Allen

Virginia's focus is on advising businesses in technology, media and telecoms, financial and professional services on contentious, non-contentious and transactional matters involving their workforce. Her clients range from multinational organizations with a workforce of hundreds of thousands to domestic UK businesses with a handful of employees. She works with directors, in-house counsel and HR practitioners

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