The annual cost of employing one full-time minimum wage worker will jump by £2,367 to more than £24,800, with over £5,000 going directly to the Treasury.
Labour claims to understand the importance of growth... But it was clear from the moment of the Budget that taxing jobs would damage the economy.
The sectors most affected will be retail and hospitality, which together rely heavily on lower-paid, often part-time staff.
We're calling for a delay to its introduction in April to give the Chancellor time to consult with businesses on measures that can protect businesses and team members.
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