The NFRN has launched its National Living Wage and National Minimum Wage members’ survey to gather evidence on how the increased wages have affected retailers.
Independent retailers already have to cope with some of the longest working weeks, which is why it’s vital that the Government recognises the impact the National Living Wage has on micro-businesses. By 2020, the living wage is likely to rise to £9.20 per hour – a 34% increase.
NFRN CEO, Paul Baxter, said: “What the NFRN wants is for the Government and the Low Pay Commission to look carefully at the impact that both the minimum wage and the Living Wage have on small shops before they prescribe further increases. We would also suggest that the minimum wage should not be considered in the abstract, that the full implications on business costs are taken into account, and that new measures to support small businesses are implanted before it is increased again.”
Please click the button below and complete our survey. It should take you no more than 2 minutes.