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Money Box: Money Box Live: Living Wage

Money Box Live: Living Wage

23/03/2016

BBC Radio 4 - Money Box, Money Box Live: Living Wage

How will the new national living wage affect businesses and employees?

Louise Cooper asks how the new national living wage will affect businesses and employees.

Last summer Chancellor George Osborne announced a new living wage. By 2020 he said that workers would earn at least £9 an hour. In a couple of weeks time this new national living wage comes into force.

For many it'll mean a pay rise but some businesses are warning they will need to cut employee hours and re-negotiate contracts so they can afford to pay it.

Are you an employee who will benefit? Or an employer still not sure how what it will mean for your business? We'd love to hear from you.

E mail moneybox@bbc.co.uk with your questions and comments. Or ring the programme. 03 700 100 444. Lines are open from 1pm on Wednesday.

Presenter: Louise Cooper
Producers: Alex Lewis and Ben Carter.

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