{$inpagemarkup}

Search News

Results: 81-90 of 625


National Living Wage Review published

19 May 2022

The Low Pay Commission has now published its review of the National Living Wage from 2015-2020.
Read more…

Local Bike Shop Day 2022 celebrated by record number of retailers, orgs and shoppers!

12 May 2022

Local Bike Shop Day 2022 was a great success across the UK, with online platforms thriving as well as a surge in the physical footfall seen in-stores!
Read more…

Latest #BikeIsBest campaign launched: We Can, You Can

12 May 2022

We Can, You Can is a celebration of the many faces of cycling. The way we move is changing. And the people leading the change are like me and you. We can, you can.
Read more…

How the Queen’s Speech affects independent shops

10 May 2022

The speech sets out the government’s agenda for the upcoming Parliament, outlining proposed policies and legislation. An overview of the main announcements relevant to independent shops is... Read more…

How are bike shops across the nation celebrating Local Bike Shop Day 2022?

26 Apr 2022

The annual celebration of bike shops across the nation is fast approaching! Be sure to pop down to your local bike shop this Saturday to get a taste of the passion, knowledge and personalised... Read more…

Complete this survey to let us know how the National Living Wage affects your business

21 Apr 2022

Participate in the Independent Retailers Confederation (IRC)'s National Living Wage Survey to provide us with an accurate... Read more…

Spend with Cyclescheme on Local Bike Shop Day and win a £250 voucher!

21 Apr 2022

On Local Bike Shop Day 4 lucky customers that purchase a bike through Cyclescheme will be awarded a £250 cycling voucher for the store they collect the bike from! In addition to offering a... Read more…

1 day to go! Attending the Cycle Show? Learn technical tips with Cytech experts, save £50 off Theory one & win!

21 Apr 2022

Cytech are attending the Cycle Show and will be demonstrating key practices in bike maintenance that are useful for both the trade and public. Alongside the show we're offering... Read more…

Scottish businesses: Complete the Government Covid-19 response survey and attend workshops

21 Apr 2022

The Scottish Government retail division are looking for input with regards to the recent adaptations in response to the Covid-19 pandemic.
Read more…

Have your say with the Online Sales Tax (OST) Survey

20 Apr 2022

The Online Sales Tax (OST) Survey is your opportunity to have your say and help us influence the government regarding the implementation of an OST.
Read more…

National Living Wage Review published

Posted on in Business News, Cycles News, Political News

The Low Pay Commission has now published its review of the National Living Wage from 2015-2020. You can read the review as well as its headline findings online here.

The announcement of the National Living Wage in 2015 heralded a new era for minimum wages in the UK. The policy aimed to increase pay and productivity without harming jobs, while also reducing spend on benefits. This review collects the evidence on the NLW’s achievements from 2016 up to April 2020, when the National Living Wage reached the Government’s initial target of 60 per cent of median earnings.

The review finds that while the NLW increased wages and did not reduce employment, the increase in earnings did not lead to higher incomes and did not measurably improve productivity. Nevertheless, the growth in earnings helped reduce regional pay inequality and contributed to shrinking gender and ethnicity pay gaps. After the introduction of the NLW, minimum wage workers were less likely to move employers but continued to progress into higher-paid roles at the same rate as previously.

Alongside the review, they have also published a more detailed paper on the impact of NLW on productivity which you can also access here.

Useful links

If you have any other queries please contact us.