REC response to the Chancellor’s announcement on National Living Wage

Commenting on the Chancellor’s announcement that the National Living Wage will rise, Kate Shoesmith, REC Deputy Chief Executive, said:

“This rise rightly takes into account both cost of living increases and the slow path of pay growth over the last decade or so. It will be a challenge for some employers to adapt but it should help make working in some sectors that are experiencing labour shortages, such as hospitality, care and retail, more attractive at a time when our data shows more than two million job postings in the UK. But pay is not the only thing workers require – flexible work that allows someone to manage their other life commitments is often top of the list for jobseekers. The NLW increase today should also serve as a reminder to employers to think about how they can offer a rounded package if they want to attract and retain talent in this market.”

Ends

Notes to editors:

Record wage boost for nearly 3 million workers next year – Gov.UK, 21 November 2023.

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