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8 Sep 2022

We’re giving our support again to the #BikeIsBest campaign and particularly its latest billboard campaign which disputes the arguments that electric vehicles are a "catch-all" solution and...

8 Sep 2022

The new Prime Minister Liz Truss has announced the much-anticipated support plan to help households and businesses cope with rising energy costs.

8 Sep 2022

An investigation by the Daily Telegraph has found that, in the almost 24,000 neighbourhoods where there has been at least one bike theft since June 2019, 87 of cases have been closed without a...

8 Sep 2022

Make sure your V12 Retail Finance contact details are correct by updating your records. 

6 Sep 2022

27% drop in number of cycling trips per person in 2021 compared to 2020, new data reveals.

5 Sep 2022

There’s still time for bike shops to urge their customers to get involved with Cycle September, the world’s biggest group ride.

5 Sep 2022

With more people heading back into cities and offices after the pandemic, the topic of road safety has never been more important. Especially for cyclists, it’s vital to be aware of the...

2 Sep 2022

ActSmart, ACT, Booksellers Association, Craft Bakers Association, British Sandwich & Food to Go Association and the Café Life Association from the Independent Retailers’...

1 Sep 2022

Home Office data has shown more customers leaving shops, restaurants and petrol stations without paying as the cost-of-living crisis bites. The data shows there were 51,486 offences of...

31 Aug 2022

Industry charity GroceryAid has teamed up with Business Debtline to provide support and guidance to the growing number of independent retailers facing debt and unpaid invoices.
The move...

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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.

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