Third of British workers may benefit from George Osborne's national living wage

A policy institute named Think Tank says that an estimated third of British workers in parts could benefit once George Osborne's national living wage is introduced this week.

According to The Guardian, the Resolution Foundation stated that in the top 10 list of low-pay hotspots, at least 20 percent of the laborers will experience gain from the new legal floor of £7.20 per hour that will have to be paid to those employed and with ages over 25.

The region with the highest number of beneficiaries, with 35 percent of workers receiving a salary increase, will be Torridge. Castle Point in Essex, Mansfield in Derbyshire, Forest Heath in Suffolk, Rossendale in Lancashire, and Woking in Surrey, are also part of the top 10 list.

The Yorkshire Post reported that in some region, more than a quarter of workers will experience an increase in wages in April while in other parts of Yorkshire it will be less than one in five. Richmondshire will also experience the impact, with the Resolution Foundation estimating 28 percent will enjoy a wage rise when the new law comes into effect.

However, the foundation also said that there is a marked difference between the hotspots and some boroughs in London, where fewer than one in ten workers will get an increase in their wages. The city of London will have the fewest beneficiaries, about 3 percent of the chancellor's decision. Meanwhile, six other boroughs - Lambeth, Westminster, Tower Hamlets, Camden, Southwark, and Islington are among the least affected.

The Resolution Foundation positively believes that 4.5m employees will benefit from NLW this year, reports BBC News. The Low Pay Commission has estimated that 1.3 laborers will see an immediate wage rise, rising to 2.75 million by the year 2020.

Director Torsten Bell of the Resolution Foundation said the national living wage is an ambitious policy with the potential to transform the low-pay landscape in Britain.

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think tank study, third, british workers, benefit, national living wage, resolution foundation, british employees wage, pay increase britain, no cuts britain

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