Question to the Department for Business, Energy and Industrial Strategy:
To ask the Secretary of State for Business, Energy and Industrial Strategy, what assessment he has made of the potential merits of raising the National Living Wage to take people out of in work poverty; and to what level he plans to increase the National Living Wage by 2025.
The National Minimum Wage and the National Living Wage (NLW) rates are set on the independent and expert advice of the Low Pay Commission, who take account of the impact on business and the economy. On 1 April 2022, the Government increased the NLW for over 23s by 6.6% to £9.50. This keeps the Government on track to achieve its manifesto commitment for the NLW to equal two-thirds of median earnings by 2024 subject to wider economic conditions.