Planned increase to the National Living Wage and National Minimum Wage

The National Living Wage for people aged over 23 will increase from 1st April 2023, to the hourly rate of £10.42 – this represent an increase of 9.7%. This will present local shops and in particular convenience stores with significant challenges going forward.

SFG are encouraging members to complete a short survey to assess the impact of the increase on our members. Please complete the 2min Survey here: Impact of NLW & NMW on business

The NLW and NMW rates from April are set out in the table below:

The LPC’s Report on the National Minimum Wage (NMW) and National Living Wage) can be accessed at: www.gov.uk/government/publications/low-pay-commission-report-2022.

SGF recognise that these increases to the NLW and NMW will have real implications for convenience retailers who are trying run viable, sustainable businesses during these challenging times and will continue raise these concerns with government, politicians and the Low Pay Commission.