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How will the new national living wage affect you? Share your story How will the new national living wage affect you? Share your story
(5 months later)
This week, millions of workers will see their minimum pay move from £6.70 to £7.20 an hour, as part of George Osborne’s plans to introduce a national living wage. Last year the chancellor announced proposals for pay increases over the next four years, with a target of workers earning at least £9 an hour by 2020.This week, millions of workers will see their minimum pay move from £6.70 to £7.20 an hour, as part of George Osborne’s plans to introduce a national living wage. Last year the chancellor announced proposals for pay increases over the next four years, with a target of workers earning at least £9 an hour by 2020.
Related: Osborne’s ‘national living wage’ hasn’t killed off the more generous ‘living wage’ | Gavin Kelly
How will you be affected by the new national living wage? We want to hear about your experiences of life on the minimum wage and what impact you think this change will have. Will you receive a pay rise this week? Will your pay be enough to live on comfortably from now on? Or is this too small a rise to change much, in terms of your day to day financial decisions?How will you be affected by the new national living wage? We want to hear about your experiences of life on the minimum wage and what impact you think this change will have. Will you receive a pay rise this week? Will your pay be enough to live on comfortably from now on? Or is this too small a rise to change much, in terms of your day to day financial decisions?
The Resolution Foundation thinktank has expressed concern that not everyone will benefit, and others have complained that companies will reduce their hours in order to mitigate the cost of paying employees more, cutting overtime and bonuses.The Resolution Foundation thinktank has expressed concern that not everyone will benefit, and others have complained that companies will reduce their hours in order to mitigate the cost of paying employees more, cutting overtime and bonuses.
We also want to hear from those under 25 for whom the new living wage does not apply. What are your experiences of working for low pay? Are you worried about the impact this will have on the pay and opportunities of younger people, and about the potential for inequality between the generations to grow? Share your stories with us by filling in our form below.We also want to hear from those under 25 for whom the new living wage does not apply. What are your experiences of working for low pay? Are you worried about the impact this will have on the pay and opportunities of younger people, and about the potential for inequality between the generations to grow? Share your stories with us by filling in our form below.