CCR Magazine

You are here  :Home arrow News arrow NMW rise highlights importance of independence for LPC
Contact Us Newsletter Signup RSS Feeds

Latest News Headlines

Headlines

 
Commercial Credit News

Headlines

 
NMW rise highlights importance of independence for LPC PDF Print E-mail
Tuesday, 17 March 2015

Responding to the Government’s announcement of the increases in the National Minimum Wage (NMW) rates, British Retail Consortium (BRC) Director General, Helen Dickinson, said:

“Many retailers have already prepared for above inflationary rises in the levels of NMW.  The increase in the headline rate will help many employees across the country who have seen their incomes increasingly squeezed in recent times.  The retail industry has been supporting ordinary people with the cost of living as shop prices have been falling for two years. The industry also pays the vast majority of its workers well above NMW.

“However, we do have some concerns about the Government’s approach to raising the apprenticeship rate. The retail industry employs almost 20% of the UK’s apprentices and while our research shows that use of the apprenticeship rate is not widespread in the retail industry, the Low Pay Commission’s (LPC) independence and recommendations are as important to workers as they are to business.

“They guarantee that those on minimum wage get the fair increases they deserve while ensuring that business and the economy are not damaged by the wage rises. Any significant departure from the recommendations, arrived at after rigorous independent interrogation of evidence from diverse sources, risks upsetting the fine balance struck by the LPC and potentially negatively impacting workers, the economy or both.”

(Source - BRC News Release)

 

 

 Forums International Ltd

Forums International Ltd

 Attendance at your first meeting is free of charge, and please quote reference 'CCR2016' to receive the special 10% discount off of your first annual subscription.

Find out more here.

latest issue

CCR Cover

The latest edition of CCR Magazine, the leading editorial publication in the UK credit industry, is out.

Read the latest issue online

subscriptions

CCR is the premier magazine for consumer and credit professionals. It provides an independent voice to the industry, breaking major news stories and running in-depth features.

As a magazine, it works with and campaigns on behalf of the credit industry to promote its importance as a centre of potential profit and business development to the wider business world.

Subscribe to CCR Magazine

CCR World Magazine


 

Providing information and analysis for thousands of senior credit professionals worldwide, every quarter.

Find out more

GTS Media Ltd
81 Cambridge Road
Southend-on-Sea
Essex
SS1 1EP

Registered in England No: 05483197