National Living Wage 'Puts 80,000 Jobs At Risk'

Convenience stores could lose nearly £166m as a result of George Osborne's new National Living Wage. The analysis put together by the Association of Convenience Stores (ACS) and Oxford University's Said Business School calculated that 24,000 stores could be at risk of closure. The minimum wage is currently £6.50 for those aged 21 and over, but under the Chancellor's new scheme this will rise to £7.20 from April 2016 onwards.

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