Andrew Rosindell – 2016 Parliamentary Question to the HM Treasury

The below Parliamentary question was asked by Andrew Rosindell on 2016-10-13.

To ask Mr Chancellor of the Exchequer, what assessment he has made of the introduction of the national living wage on the UK’s international competitiveness.

Mr David Gauke

The introduction of the National Living Wage marked an important step towards building an economy that works for everyone. It ensures that low-wage workers are fairly rewarded for their contribution to a growing economy. At £7.20, it is a 50p increase on the National Minimum Wage and means a pay rise for over a million workers aged 25 and over across the UK.

The impact assessment for the National Living Wage is available at legislation.gov.uk. It covers the direct costs and benefits to businesses and employees, along with the indirect effects of the policy, including the macroeconomic and fiscal impacts.