ACS (the Association of Convenience Stores) is calling for a cautious approach to increasing the National Living Wage (NLW) and other statutory minimum wage rates in 2022/23 to allow the labour market and economy to recover from the impact of the pandemic.
Informed by ACS’ National Living Wage Survey 2021, ACS’ submission recommends that the Low Pay Commission (LPC) should consider extending the timetable for NLW reaching two-thirds of median earnings by 2024, which is currently projected to be £10.33.
Findings from ACS’ National Living Wage Survey 2021 show that: