This is a trade facing website. Visit the ACTís consumer site thecyclingexperts.co.uk for information and advice on cycling and find your local independent cycle retailer.
The Association of Cycle Traders
This is a trade facing website.
Visit the ACTís consumer site at thecyclingexperts.co.uk.

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Results: 1-10 of 1981


25 Sep 2020

It is now compulsory for all retail workers in England to wear face masks from today, the ACT has created a Face Covering Poster for shops to display outside to inform customers and staff of the...

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?

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.

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.

20 Sep 2020

The ACT's new infographic that helps you to know what to look out for when choosing the right finance provider

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...

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...

15 Sep 2020

Read which lucky bike shops and customers were chosen to receive Local Bike Shop Day prizes

14 Sep 2020

The Government has launched a consultation on changes to benefit active travel by introducing the notion of a hierarchy of road users into the Highway Code. This webinar brings together the...

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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'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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