09 APR 2018
National Living Wage
Thank you very much for taking the time to email me about the National Living Wage (NLW).
I have noted your comments on to this matter and hope the following information on this topic from the Department for Business, Energy and Industrial Strategy is of interest:
The Government has provided such significant support for those on low incomes, aged 25 and over through the NLW.
Following the recommendations of the independent Low Pay Commission (LPC), the Government has increased the NLW by 4.4 per cent from £7.50 to £7.83 as of 1 April 2018. The LPC estimate this will benefit over 2 million workers. In total, earnings for a full-time worker on the NMW will have increased by over £2,000 a year since the introduction of the NLW in April 2016.
Alongside this, further action has been taken to cut taxes for working people. The personal allowance, the amount you earn before you start paying income tax, has risen from £11,500 to £11,850. This means that in 2018-19, a typical taxpayer will pay £1,075 less in tax than in the 2010-11 tax year.
Britain deserves a pay rise and the Government is delivering the higher-wage, lower-tax, lower-welfare economy we all want to see. Boosting wages and making sure that more families have the security of a decent, regular pay packet, while ensuring that people are always better off in work, are at the heart of the Government's long-term plan.
The Government is backing hard work and aspiration, creating opportunity for hardworking people across the country and, with more people in work than ever before, this plan is working.
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