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Chancellor warns firms not to cut benefits to pay for ‘national living wage’

The Guardian report that George Osborne has warned companies cutting staff perks to pay for the National Living Wage (NLA) that they are not acting within the spirit of the law and should “abide by their responsibilities”

The Guardian report that George Osborne has warned companies cutting staff perks to pay for the National Living Wage (NLA) that they are not acting within the spirit of the law and should “abide by their responsibilities”. A string of companies have withdrawn benefits including Sunday pay, free food and overtime due to the introduction of the new minimum wage for over-25s. The Chancellor told ITV’s The Agenda programme that companies cutting benefits to offset the cost of the NLW made him angry, that it is not the spirit of the law, companies should be very careful about their reputation and be more aware of their social responsibility.

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