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Where The National Living Wage Will Put Employers Under Pressure

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http://www.telegraph.co.uk/finance/economics/12081422/Mapped-Where-the-national-living-wage-will-put-employers-under-pressure.html

Higher minimum pay laws will be especially tough for employers in Sheffield, Nottingham and Birmingham, the Resolution Foundation has warned.

Implementing the national living wage – which requires employees aged 25 and over to be paid at least £7.20 an hour – will be a particular strain for employers in these lower-paying regions, the think tank revealed in a report.

The “ambitious” policy is expected to present challenges for employers in places where low-paid staff are concentrated. In London the total wage bill is expected to rise by 0.3pc as a result of the national living wage, but in areas like Birmingham the increase will be 0.8pc.

Not only can you not have a national minimum wage you can't have a single interest rate either.

I wonder if this law will suppress business activity further in these regions?

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"at least £7.20 an hour"

and according to rightmove

Sheffield, with an overall average price of £170,626

mmm, something isnt right when you do the sums :)

I'm sure my 2006 mortgage offer from Northern Rock is still available....

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