Research on National Minimum Wage Impacts on Businesses for Low Pay Commission
Department for Business, Energy & Industrial Strategy · Awarded contract
AwardedResearch on National Minimum Wage Impacts on Businesses for Low Pay Commission
Awarded 21 May 2023
Awarded21 May 2023
Value£59,920.00
SupplierInstitute for Fiscal Studies
RegionUnited Kingdom
CategoryResearch & Development
Ended 2y 10mo ago7mo term
Awarded 21 May 2023Expired 31 Dec 2023
About
Department for Business, Energy & Industrial Strategy awarded a contract to Institute for Fiscal Studies for research on the impacts of the National Minimum Wage, including the National Living Wage, on businesses.
The Low Pay Commission commissioned this project to gather evidence on how businesses have been affected by and are responding to increases in the minimum wage, particularly as the National Living Wage moves towards its target of two-thirds of median hourly earnings for those aged 21 and over by 2024.
The research also aims to inform deliberations on the future of the National Living Wage beyond 2024, considering the economic upheaval caused by the pandemic and the UK's new trading relationship with the EU.
The contract value is AUD 59,920.
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Research on National Minimum Wage Impacts on Businesses for Low Pay Commission
Won by Institute for Fiscal Studies · Department for Business, Energy & Industrial Strategy
£60Kawarded
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