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.
Upgrade to access
This content is only available to members of myGrapevine+.
myGrapevine+ is the latest way we are supporting a growing community of forward-thinking business leaders. Members can access a host of specially developed content and tools that aren't available anywhere else, helping you set new standards in business and people leadership every day.
- Access to exclusive member-only content including:
- The 'Leaders Series', a set of video interviews with leading business and HR voices
- Strategic deep dives and expert tips for professional development and innovative practise
- Access to the entire archive of news, features and insights from HR Grapevine and our other sites.
- Unlimited access to the full back catalogue of our award-winning Magazine and other publications.