Think Tank Proposes Increases to Wages and Annual Leave To Boost UK’s Productivity

INCREASE WAGES - British think tank the New Economics Foundation (NEF) has proposed that minimum wages and statutory paid holiday entitlement be increased in order to improve the UK’s productivity.

The Time for demand: Boosting productivity with public investment, minimum wages and paid holiday report, published in August 2019, suggested that bolstering wages and paid annual leave, as well as implementing changes to fiscal policy, namely government spending and taxation, will create a two-pronged approach to bettering productivity in the UK.

The proposed interventions would aim to raise wages for the lowest paid among the UK workforce, while also awarding employees with more paid time off to spend on improving their quality of life.

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