National Minimum Wage – New reporting deadline for the Low Pay CommissionMonday, February 2nd, 2009
The Low Pay Commission’s remit for 2008/09 is to review the levels of each minimum wage rate, make recommendations for October 2009 and provisional rate recommendations for October 2010, and report to the Prime Minister and Secretary of State for Business, Enterprise and Regulatory Reform by the end of February 2009.
On 14 January 2009, the Commission wrote to the Secretary of State asking for an extension to this deadline. The Secretary of State has agreed to this request and the Commission will now report to the Prime Minister and Secretary of State by 1 May 2009.
The purpose of the delay is to provide the Commission with access to two month’s additional data, including the Bank of England’s next Inflation Report, employee jobs figures for December 2008, GDP figures for the fourth quarter of 2008 and updates on average earnings. The delay will not have an impact on the October 2009 implementation date for the new rates.
New reporting deadline for the Low Pay Commission
The UK Payroll News is sponsored by HRD & Payroll Solutions