To ask His Majesty's Government, following recent reports that starting salaries in Britain have risen at their slowest pace in nearly three years, what steps they are taking to support businesses in maintaining competitive compensation to attract new employees.
Answered on
27 December 2023
Starting salaries are contractual arrangements between employers and their staff. Workers must be paid at least the National Living Wage / National Minimum Wage for the hours they work. On 1 April 2024, the government will increase the National Living Wage for workers aged 21 years and over by 9.8% to £11.44 an hour. The government recently announced a significant package of support for UK businesses, including business rates support worth £4.3 billion over the next 5 years, targeting support at those who need it most.