National Minimum Wage – New reporting deadline for the Low Pay Commission

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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.

Further information:
New reporting deadline for the Low Pay Commission

This entry was posted on Monday, February 2nd, 2009 at 05:00 and is filed under Minimum Wage, National Minimum Wage, NMW. You can follow any responses to this entry through the RSS 2.0 feed. You can leave a response, or trackback from your own site.