Tag Archives: NLW

Brexit not an issue, but NLW causing “distress”

The National Living Wage has pushed the number of businesses in “financial distress” up by 23%, according to research by Begbies Traynor. As of October 1st, there were 97,342 firms struggling, up from 78,917 six months ago. Almost a third (33,835) were retailers, but significant numbers of bars and restaurants (10,809), food and drink retailers…
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Profits, not jobs, hit by living wage

Employers have responded to the National Living Wage (NLW) by raising prices or reducing profits rather than cutting jobs, according to new research. A Resolution Foundation survey of 500 businesses found that of those firms affected by the NLW, the most popular short-term action taken had been to increase prices (36%), followed by taking lower…
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Behind the headlines: Living with the Living Wage

IT'S LIVING Wage Week. David Burrows assess the impact of the government’s higher mandatory pay rate and how foodservice companies can find the extra money. The association of Convenience Stores recently completed its annual survey of members. The results paint a bleak picture of business life when the national living wage (NLW) arrives in April…
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Living wage hits foodservice hardest

THE NATIONAL Living Wage will add 3.6% to the wage bill of the foodservice sector by 2020. For hotels and accommodation the impact is 2.8%.                           Combined, this means hospitality’s wage bill will increase by 3.4% – twice that of any other industry…
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