The Chancellor’s announcement of a National Living Wage, a policy based in part on the recommendations of the Resolution Foundation review into the future of the Minimum Wage, was arguably the most eye-catching announcement of the Summer Budget. This higher wage floor will deliver a welcome boost to low-paid workers, but implementing it will be a huge challenge for many employers. At a Resolution Foundation event, Matt Hancock MP outlined how the government intends to implement this fast-rising wage floor and its wider low pay strategy. Resolution Foundation chair of trustees Clive Cowdery then chaired a discussion between Matt Hancock, RF Executive Chair David Willetts and political columnist for The Times Rachel Sylvester on the merits and challenges surrounding the government’s approach to low pay and living standards.
