The Chancellor has confirmed that the National Living Wage (NLW)
will increase in April 2017 from £7.20 to £7.50 per
hour. This represents an increase of 4 percent.
The new NLW for workers aged 25 and over came into force on 1
April of this year, and is a premium added on to the National
Minimum Wage (NMW). The current NMW rates are as follows:
Workers aged 21 to 24: £6.95
Workers aged 18 to 20: £5.55
Young workers aged under 19 but above compulsory school age who
are not apprentices: £4.00
Apprenticeship rate: £3.40
It is not clear at this time whether the NMW will also increase
in April. However, the government states that its aim is to
increase the NLW to £9 per hour by 2020. Given the
uncertainty that Brexit has created for the economy and the labour
market, only time will tell whether this aim is successfully
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The event serves as high-level networking platform and gives all related parties active in the M&A insurance market the opportunity to connect and share their views. It brings together M&A insurers, transaction lawyers and tax advisers, private equity and corporate investors, and investment bankers. The M&A Insurance Summit aims to inform about new market trends, recent product developments and further business opportunities.
The Court of Appeal has held that where a contract of employment lacks a provision for when notice of termination takes effect, it is effective from when the employee personally takes delivery of the letter containing notice.
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