Lowest-paid workers to receive smaller pay rises, says thinktank

Lowest-paid workers to receive smaller pay rises, says thinktank

Millions of workers on the national living wage are set for smaller than expected pay rises by the end of the decade after the EU referendum, according to a thinktank. The “national living wage” introduced by the chancellor, George Osborne, is set to rise more slowly because it is linked to average worker earnings, which are now expected to come under pressure following the referendum. The real-terms value of the wage by 2020 could be up to 40p an hour lower than the £8.31 predicted before the EU vote, according…

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