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27th Nov 2023 11:07U.K., Daily Monitor

  • Most supermarkets can raise wages by just 4% in 2024 and remain compliant with the National Living Wage...
  • ...They no longer need to pay staff a larger-than-usual premium over the NLW, given the rise in unemployment.
  • Firms told the Low Pay Commission they doubt they will pass on higher labour costs in 2024 as much as in 2023.

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Keywords for: 28 November 2023 UK Monitor

Pantheon Macro, Pantheon Macroeconomics, independent macro research, independent research, ian shepherdson, economic intelligence