Majority of bosses backing national living wage

MORE than nine out of 10 bosses support the introduction of a national living wage next year, according to research for the Government.

Ministers welcomed the backing from industry and urged firms to start preparing now for the new rate of £7.20 an hour for over 25-year-olds from next April.

The survey of 1,000 bosses showed that 93% supported the initiative, with majority believing it will boost productivity and help to retain staff.

Business Minister Nick Boles said: “The Government’s new national living wage will provide a direct boost to over two-and-a-half million workers in the UK, rewarding and providing security for working people.

“I am urging businesses to get ready to pay the new £7.20 rate from April 1. With just under four months left, there are easy steps employers can take to make sure they are ready.

“By taking these measures, companies will be able to properly reward their staff and avoid falling foul of the law when it takes effect.”