On 15th July, ACS chief executive James Lowman gave oral evidence to the Low Pay Commission (LPC) highlighting the impact of the tightening labour market and rising wage rates have on convenience retailers.
During the evidence session, ACS urged caution on further NLW increases with the labour market in a state of flux due to the furlough scheme, EU exit, Covid testing and isolation and other factors. The LPC’s policy is for NLW to reach two-thirds of median earnings by 2024 - currently projected to be £10.33.
