Osborne’s Budget: The National Living Wage
Osborne’s Emergency Budget has called for the
implementation of a National Living Wage. This would increase wages from the
current rate of £6.50 an hour, up to £7.20 by April 2016, and then further
increasing to £9 by 2020. Those on the Minimum Wage would stand to see their
salaries increase by an estimated £4 000 p.a. Furthermore, 2.5 million
employees are expected to see their salaries increase by £5 000 by 2020 as a
result of this National Living Wage.
