Low-paid workers’ windfall

Low-paid workers have been given a boost in Wednesday’s (27 October) autumn budget with up to 9.8 per cent wage increase.
The national living wage (NLW) will rise to £9.50 from 1 April 2022 representing an increase of 59 pence or 6.6 per cent.

The Low Pay Commission’s recommendations set the minimum wage back on track to reach the government’s target of two-thirds of median earnings by 2024.

The increases will support the wages and living standards of low-paid workers at a time when pay growth is robust across the economy.

“The rates we recommended will put money in the pockets of care-workers, food distributors and many other groups of the lowest-paid members of our society up and down the UK. Many of them have made a vital contribution during the last few difficult months,” Bryan Sanderson, Low Pay Commission chair, said.

“The impact on communities is considerable. Blackpool for example will benefit by at least £6.1m from pay increases to its low-paid workers.

Source Financial Accountant click here for more.

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