ACS (the Association of Convenience Stores) has called for a cautious approach to the setting of future National Living Wage (NLW) rates in a submission to the Low Pay Commission.
In the submission, ACS has urged the Low Pay Commission to recognise the unique challenges faced by businesses, including local shops, as a result of the cost of living crisis and increased operating costs.
In April 2023, the National Living Wage increased by 9.7% from £9.50 per hour to £10.42, in line with the Government’s target to reach two-thirds of median earnings by 2024.