Is new living wage gimmicky?

The announcement of the Budget yesterday brought with it a myriad of schemes; plans to curb public spending, increase taxes and promote apprenticeships.

However, by far the most discussed legislation was the unveiling of the ‘national living wage’. The wage, which begins at £7.20 next April and will increase to £9 an hour by 2020, is set to replace the existing pay of £6.50.