The Living Wage is a voluntary rate independently calculated from the National Living Wage, comprising what campaign creator Living Wage Foundation deems as the real cost of UK life. And with inflation putting pressure on households, the rate has increased once more.
The National Living Wage (NLW) has now been in place for just over three months. But welcome though the raising wage floor for over-24s may be, it constitutes a cost to employers, recent research suggested.
Fears that the economy has hit a turning point have been raised as optimism amongst UK businesses falters.
The CBI has hailed a faster "twin-engined" UK economic recovery, driven by mounting household spending and more robust business investment.
the average employee pension contribution to a workplace-defined contribution pension scheme is currently only five per cent, but a CIPD report has found that most employees think they should be saving almost double that.
Through questioning different sectors in the British economy, new research has suggested that workers will begin to feel the benefit of increased salaries.