14 June 2012 #Employment
The Government has written to the Low Pay Commission (LPC) today setting out its remit for its 2013 Report.
The LPC will monitor, evaluate and review the NMW rates and make recommendations. In addition, the Government has asked the LPC to:
The LPC will report to the Prime Minister, the Deputy Prime Minister and the Secretary of State for Business, Innovation and Skills by the end of February 2013. This report will be considered by the Government when setting the NMW rates from 1 October 2013. The NMW rates applicable from 1 October 2012 have already been announced.
It is worth noting that the publication of the LPC`s remit coincides with a report published by Oxfam today, The Perfect Storm: Economic stagnation, the rising cost of living, public spending cuts, and the impact on UK poverty, which calls for an increase in the minimum wage. The charity says that the rising cost of living, falling wages and cuts to benefits, is pushing many low income workers below the poverty line.
Oxfam`s director of UK poverty Chris Johnes said: "Despite the Government`s rhetoric about making work pay, having a job is no longer necessarily enough to lift someone out of poverty."
Further information on the National Minimum Wage can be found in employmentbuddy`s National Minimum Wage Guidance notes, available to full Employmentbuddy members.