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Download the Indie Retail face covering poster to inform customers and staff of the new law

25 Sep 2020

It is now compulsory for all retail workers in England to wear face masks from today, Indie Retail has created a Face Covering Poster for shops to display outside to inform customers and... Read more…

Join BIra, Google and Pointy for a live webinar on bringing your business presence online

24 Sep 2020

4 out of 5 consumers use Google search engines to find information like store address, hours, and directions. But will they find yours? Read more…

Download and display QR codes for the NHS Covid-19 contact tracing app launched today

24 Sep 2020

The NHS Covid-19 contact tracing app is due to be launched on 24 September in England and Wales. To use the contact tracing app businesses will need to download and display QR codes.
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Maybe* shows businesses how to be more 'Gymshark' on social media

23 Sep 2020

In the latest demonstration of their insight tool Maybe* are showing businesses how to replicate Gymshark's successful tactics to improve results and increase ROI.
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How Maybe* are helping Local Authorities and Bids upskill their businesses in social media

16 Sep 2020

Maybe*'s latest video on helping Local Authorities and Bids to upskill their businesses in social media so that they have the tools they need to engage online and drive sales in the lead up... Read more…

Local Bike Shop Day 2020 celebrated by record number of shoppers across the nation

15 Sep 2020

Local Bike Shop Day's postponed date of 5th September was the perfect time to celebrate the recent upturn in cycling and draw attention to allthat local bike shops have done for us... Read more…

Government launches Bounce-back plans for consumer and retail industry

10 Sep 2020

A ‘bounce-back' plan of trade measures for the consumer and retail industry has been announced to help support businesses impacted by Coronavirus.
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Advertise your jobs with Indie Retail for FREE

8 Sep 2020

For a limited time only we are giving all retailers free access to the full range of Indie Retail job boards!
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Get Involved with Thinking of You Week taking place 21st-27th September

8 Sep 2020

Thinking of You Week has been celebrated every September for the last 7 years. This year it is 21st-27th September 2020; and there has never been a more appropriate year to send a card, to keep... Read more…

Crown Commercial Service asks SME's to complete Engagement Survey

2 Sep 2020

The 20 question Survey concentrates on market access, registration and PPQ/SQ submission
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'Biggest Cash Increase Ever' to affect National Living Wage from April

Posted on in Business News, Cycles News, Political News

As of the New Year, the Government have announced what it calls ‘the biggest cash increase ever' in the National Living Wage rate. At £8.72 per hour, the National Living Wage will rise by 51p in April from its current rate of £8.21.

Independent Retailers Confederation (IRC) member, ACS, has warned ministers that significant hikes in the National Minimum Wage and National Living Wage rates announced today will put further pressure on struggling high street businesses.

From April 2020, the new rates will be as follows:

 

The new rates have been recommended by the Low Pay Commission, and have now reached the target set by the Government in 2015 of the NLW equalling 60% of median earnings by 2020. The Chancellor has indicated that he will recommend a target of two thirds of median earnings for future wage rates by 2024.

 

ACS chief executive James Lowman said the following:

"Every week we hear more about the challenges facing high streets, particularly secondary centres away from major cities. The fact is that rising wage costs are the biggest single factor among many issues impacting all types of retailers, and there is a tension between the desire to raise wages for the lowest paid and the need for viable shops and vibrant high streets."

Findings from ACS' National Living Wage survey suggest that retailers are already taking action to deal with the most recent increase in the National Living Wage in April 2019:

72% of retailers have reduced the number of paid working hours in their business
64% have seen a reduction in the profitability of their business; and
52% of independent retailers have had to take on more hours in the business themselves

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