Speeches

Stephen Timms – 2015 Parliamentary Question to the Department for Business, Innovation and Skills

The below Parliamentary question was asked by Stephen Timms on 2015-10-21.

To ask the Secretary of State for Business, Innovation and Skills, what steps he is taking to encourage employers in London to pay the London Living Wage.

Nick Boles

The Government encourages all employers to pay more than the National Minimum Wage and the National Living Wage where they can afford to. The Low Pay Commission’s remit is to set the National Minimum Wage as high as possible without harming employment prospects.

According to Office for Budget Responsibility estimates, the National Living Wage will benefit 2.7 million low wage workers by 2020. The increase in April 2016 to £7.20 from the current NMW of £6.70 will mean a 7.5% increase in hourly pay, and a full time worker will earn £910 more per annum compared to today.