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11 Dec 2023

Bike Europe has reported that “serious concerns” remain about the enforcement of a ban on the sale of e-bike chargers and conversion kits by one of the largest online sellers,...

11 Dec 2023

It has been reported that The Cycle Show, the major industry event held at London's Alexandra Palace and which this year celebrated its 20th anniversary, has fallen victim to the challenging...

30 Nov 2023

New research from Lime entitled “Tackling the Gender Pedal Gap” has most women facing barriers to cycling, including poorly lit streets and isolated routes. The report claims...

27 Nov 2023

Torq Zone Academy, a leading institution of vocational training in South Africa, has been re-accredited by the Quality Council for Trades and Occupations (QCTO), for another five years, to offer...

27 Nov 2023

Cycling UK has released its annual 100 Women in Cycling list for 2023, the seventh such initiative to celebrate women across the British cycling community and those who inspire others to cycle.

27 Nov 2023

The former commissioner of the Metropolitan Police, Lord Hogan-Howe, has said number plates should be introduced on the back of bikes to stop so many cyclists being a danger on...

23 Nov 2023

Retail sector leaders have expressed a range of concerns, from taxation to business rates, following the Chancellor’s Autumn Statement this week.

15 Nov 2023

The British Independent Retailers Association (BIRA), which works with over 6,000 independent businesses of all sizes across the UK, has outlined its expectations from the government...

14 Nov 2023

ACT member and Cytech-accredited Stonehaven shop Bike Remedy has been given permission to expand its offering by building a bike shelter and tool station outside its premises.

14 Nov 2023

As more people turn to cycling, more jobs are being created in the industry, according to an article in The Sun.

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National Living Wage Increases and Future Targets

Posted on in Business News , Cycles News , Political News

The National Living Wage and National Minimum Wage rates increased yesterday, following recommendations made to the Government by the Low Pay Commission (LPC).

This short report accompanies the 2020 increases in the National Living Wage (NLW) and National Minimum Wage (NMW). This year's increase in the NLW, to £8.72, brings the rate to the target of 60 per cent of median earnings, originally set in 2015. The report looks at the effect of the National Living Wage over time on pay and employment over that time period. 

The Government has set a new target for the NLW to reach two-thirds of median earnings by 2024. The report sets out how the LPC will approach its new remit and the higher target. At this stage a projected pathway to the 2024 target has now been set out, given uncertainty about the impact of the ongoing Covid-19 outbreak.

The Low Pay Commission have stated they will consider the impact of the COVID-19 outbreak on the future of the National Living Wage targets, which is set to reach two thirds of median earnings by 2024, by considering two options:

1) Reducing wage rates in a given year, but commit to reach existing targets by 2024

2) Delay the timeframes for meeting the NLW target.

The full The National Minimum Wage in 2020 document is available here.

 

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