{"id":1542,"date":"2016-10-13T08:37:22","date_gmt":"2016-10-13T08:37:22","guid":{"rendered":"http:\/\/www.bainesjewitt.co.uk\/blog\/?p=1542"},"modified":"2016-10-13T08:37:22","modified_gmt":"2016-10-13T08:37:22","slug":"nlw-increases-will-fall-short-of-targets-says-think-tank","status":"publish","type":"post","link":"https:\/\/www.bainesjewitt.co.uk\/blog\/nlw-increases-will-fall-short-of-targets-says-think-tank\/","title":{"rendered":"NLW increases will fall short of targets, says think tank"},"content":{"rendered":"<p>A think tank has said that the National Living Wage (NLW) will rise at a slower rate than the Government has predicted \u2013 causing the UK to miss its 2020 minimum wage targets.<!--more--><\/p>\n<p>The comments come from the Resolution Foundation, which says that Britain\u2019s eventual exit from the European Union will hit planned increases to the NLW year-on-year.<\/p>\n<p>Resolution forecasts that by April next year, the NLW for workers aged over 25 will rise to just \u00a37.50 per hour, as opposed to the \u00a37.60 proposed by the Government.<\/p>\n<p>The think tank added that a Government target for the NLW to hit \u00a39 per hour by 2020 was unlikely to come to fruition.<\/p>\n<p>Conor D&#8217;Arcy, policy analyst at the Resolution Foundation, said: \u201cWhile there is much uncertainty over Britain\u2019s long-term economic outlook, most economists agree that wage growth in the next few years is likely to be weaker than expected prior to the Referendum.<\/p>\n<p>\u201cThat means we\u2019re unlikely to see the \u00a39 National Living Wage that George Osborne talked about in this parliament,\u201d he said.<\/p>\n<p>Mr D\u2019Arcy\u2019s concerns contradict comments made by shadow chancellor John McDonnell last month, who suggested that under a Labour Government the NLW would be increased to \u2018at least \u00a310\u2019.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>A think tank has said that the National Living Wage (NLW) will rise at a slower rate than the Government has predicted \u2013 causing the UK to miss its 2020 minimum wage targets.<\/p>\n","protected":false},"author":2,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[5],"tags":[],"_links":{"self":[{"href":"https:\/\/www.bainesjewitt.co.uk\/blog\/wp-json\/wp\/v2\/posts\/1542"}],"collection":[{"href":"https:\/\/www.bainesjewitt.co.uk\/blog\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.bainesjewitt.co.uk\/blog\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.bainesjewitt.co.uk\/blog\/wp-json\/wp\/v2\/users\/2"}],"replies":[{"embeddable":true,"href":"https:\/\/www.bainesjewitt.co.uk\/blog\/wp-json\/wp\/v2\/comments?post=1542"}],"version-history":[{"count":1,"href":"https:\/\/www.bainesjewitt.co.uk\/blog\/wp-json\/wp\/v2\/posts\/1542\/revisions"}],"predecessor-version":[{"id":1543,"href":"https:\/\/www.bainesjewitt.co.uk\/blog\/wp-json\/wp\/v2\/posts\/1542\/revisions\/1543"}],"wp:attachment":[{"href":"https:\/\/www.bainesjewitt.co.uk\/blog\/wp-json\/wp\/v2\/media?parent=1542"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.bainesjewitt.co.uk\/blog\/wp-json\/wp\/v2\/categories?post=1542"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.bainesjewitt.co.uk\/blog\/wp-json\/wp\/v2\/tags?post=1542"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}