25 March 2021 
Julia Ascott, Employment Taxes Specialist
The Low Pay Commission has issued a consultation seeking evidence on the effects of NLW and NMW to inform their recommendations for the 2022 rates.
BUFDG will be responding to this consultation on behalf of members and would be grateful for your input into the main areas the LPC have highlighted:
The affordability and effects of an increase in April 2022 to an NLW rate of £9.42. This is our current central projection for next April’s rate, with a likely range of 6 pence above or below this figure.
Views on the NLW pathway to 2024. Based on forecasts, our current central projection for the April 2024 NLW rate is £10.33, with a likely range of 23 pence above or below this figure. The age threshold for the NLW is also due to come down to 21 by 2024 at the latest.
We also want to hear about the effects of recent increases in the NLW and other rates, and their impacts in particular on employment and hours, pay and benefits, productivity, prices and profits.
If you would like to share your views on the above highlights or the full list of questions put forward by the LPC, read the consultation papers and email Julia.
