FSB has always supported the National Minimum Wage (NMW) and continues to do so provided the level set does not harm employment or business conditions. We believe that the Low Pay Commission (LPC) plays a critical role in setting the wage floor by taking an independent view that reflects wider economic and labour market changes. The majority of small employers recognise the wage floor ought to reflect improvements in the growth of the UK economy and real term increases in average wages, we therefore support gradual increases to the NMW.
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