‘The more companies who can be persuaded to pay the living wage the better. As well as boosting employee productivity, research shows that for every £1 spent by the private sector on the living wage, 50p is returned to the Treasury in increased tax revenue and tax credit savings.
‘This report makes a compelling argument for both securing stronger wage growth and retaining important in-work benefits for low and middle-income earners as the best means of boosting living standards.’
