The document discusses Britain's national living wage and debates the pros and cons. It provides a table showing the national minimum wage and living wage rates from 2010 to 2016. The pros listed are that it is good for families, businesses, makes Britain fairer and more equal and productive. The cons listed are that it will cost jobs in northern areas of Britain, is a bad way to tackle working poverty, and could destroy jobs.
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The National Living Wage increase over the last 12 months has had different impacts on different organisations.
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The minimum wage helps support family incomes, reducing inequality and poverty, but as a slide deck from the Council of Economic Advisers shows, as the real value of the minimum wage has been allowed to erode, it has stopped serving this important purpose.
Shout NFA Build To Save Report Launch 17 June 2015Tim Morton
Capital Economics presentation to launch Build To Save Report for SHOUT and National Federation of ALMOs.
The economic case for investing in social housing.
Build 100,000 social rent homes a year and reduce government deficit. Long Term Economic Plan.
The forum offered a Sustainable Goals (SDGs) theme, this ONS Economic Forum explored Inclusive Growth, Inequality and the Value of Urban Greenspace in the context of the SDGs.
This is a presentation on aspects of the recent performance of the UK economy. All students are expected to have a good contextual knowledge of recent trends in indicators such as economic growth, inflation, unemployment, the trade balance, interest rates and government borrowing.
Holiday pay update.
Brexit.
Gender pay gap reporting.
Trade Union Act
Exclusivity clauses.
Changes to compensation limits and National Living Wage.
Case law update.
Looking ahead to 2017.
The struggle to set aside savings and the increasing difficulty that many working people find in securing a decent income at retirement is one of the less noticed but potentially most far-reaching issues in the living standards debate.
In her first major speech on pensions policy since becoming Shadow Secretary of State for Work and Pensions, Rachel Reeves MP discussed Labour’s plans for helping those on modest and low incomes save for a pension and secure a decent income at retirement.
These are the slides presented by Michael Johnson, Research Fellow at the Centre for Policy Studies who responded to the speech by Rachel Reeves MP on 29th May 2014.
Over the last Parliament the cost of a part-time nursery place for a child under two has increased by 32.8 per cent. A family paying for this type of care now spends £1,533 more this year than they did in 2010, while wages have remained largely static.
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1. Britain’s national living wage
— economists debate
Pros and Cons
From: Bruno Nuraj
To: Mahkameh Ghanei
Student id :000855448
2. Year National
Minimum
wage
National
Living wage
London
Living wage
2015 £6.70 £8.25 £9.40
2014 £6.50 £7.85 £9.15
2013 £6.31 £7.65 £8.80
2012 £6.19 £7.45 £8.55
2011 £6.08 £7.20 £8.30
2010 £5.93 £7 £7.85
Figure 1 National minimum wage and national living wage
rates (Gov.uk and Living Wage foundation 2016)
National Minimum wage and National Living wage
4. Pros
• Good for families
• Good for business
• Make Britain Fairer and more equal
• Make Britain more productive
5. Cons
• It will cost jobs in the North
• Bad way to tackle working poverty
• Destroy jobs
6. References
• 0’Connor, S. (2016) Britain’s national living wage — economists debate pros and cons. The
FinancialTimes, 1 April.
• Gov.Uk (2016) National MinimumWage and National LivingWage rates. [online] Available from
https://www.gov.uk/national-minimum-wage-rates [Accessed 4 April 2016]
• LivingWage Foundation (2016) Living wage foundation-The Calculation. [online] Available from
http://www.livingwage.org.uk/calculation [Accessed 4 April 2016]
• BBC (2016) The new national living wage and you. [online] London: BBC. Available from
http://www.bbc.co.uk/news/business-33463231 [Accessed 4 April 2016]
• BBC (2014) What is the living wage. [online] London: BCC. Available from
http://www.bbc.co.uk/news/business-20204594 [Accessed 4 April 2016]
