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Low Pay Commission
The Low Pay Commission (LPC) is an independent body in the United Kingdom, established in 1997, that advises the government on the National Minimum Wage. It is an advisory non-departmental public body of the Department for Business, Energy and Industrial Strategy (BEIS). History and role The LPC was established in July 1997 on a non-statutory basis before being confirmed in legislation by the National Minimum Wage Act 1998. Each year, the LPC advises the government on what rates the different minimum wages in the UK should be, announcing its recommendation six months before it would come into force. It is then up to the government to accept or reject the LPC's recommendations. In the past, the government has usually accepted the wage levels advocated by the LPC. Structure The LPC consists of nine Low Pay Commissioners who are selected by BEIS. The Commissioners are a mixture of employers, trade unionists and academics. Chairs * 2009 to 2017 – Sir David Norgrove * 2017 to ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Low Pay Commission Logo
Low or LOW or lows, may refer to: People * Low (surname), listing people surnamed Low Places * Low, Quebec, Canada * Low, Utah, United States * Lo Wu station (MTR code LOW), Hong Kong; a rail station * Salzburg Airport (ICAO airport code: LOWS), Austria Music * Low (band), an American indie rock group from Duluth, Minnesota Albums * ''Low'' (David Bowie album), 1977 * ''Low'' (Testament album), 1994 * ''Low'' (Low EP), 1994 Songs * "Low" (Cracker song), 1993 * "Low" (Flo Rida song), 2007 * "Low" (Foo Fighters song), 2002 * "Low" (Juicy J song), 2014 * "Low" (Kelly Clarkson song), 2003 * "Low" (Lenny Kravitz song), 2018 * "Low" (Sara Evans song), 2008 * "Low", by Camp Mulla * "Low", by Coldplay from '' X&Y'' * "Low", by Inna from the self-titled album * "Low", by Marianas Trench from ''Fix Me'' * "Low", by R.E.M. from '' Out of Time'' * "Low", by Silverchair from ''Young Modern'' * "Low", by Sleeping with Sirens from ''Feel'' * "Low", by Tech N9ne from ''K.O.D.'' * ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Minimum Wage
A minimum wage is the lowest remuneration that employers can legally pay their employees—the price floor below which employees may not sell their labor. Most countries had introduced minimum wage legislation by the end of the 20th century. Because minimum wages increase the cost of labor, companies often try to avoid minimum wage laws by using gig workers, by moving labor to locations with lower or nonexistent minimum wages, or by automating job functions. The movement for minimum wages was first motivated as a way to stop the exploitation of workers in sweatshops, by employers who were thought to have unfair bargaining power over them. Over time, minimum wages came to be seen as a way to help lower-income families. Modern national laws enforcing compulsory union membership which prescribed minimum wages for their members were first passed in New Zealand in 1894. Although minimum wage laws are now in effect in many jurisdictions, differences of opinion exist about the benefit ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Non-departmental Public Body
In the United Kingdom, non-departmental public body (NDPB) is a classification applied by the Cabinet Office, Treasury, the Scottish Government and the Northern Ireland Executive to public sector organisations that have a role in the process of national government but are not part of a government department. NDPBs carry out their work largely independently from ministers and are accountable to the public through Parliament; however, ministers are responsible for the independence, effectiveness and efficiency of non-departmental public bodies in their portfolio. The term includes the four types of NDPB (executive, advisory, tribunal and independent monitoring boards) but excludes public corporations and public broadcasters (BBC, Channel 4 and S4C). Types of body The UK Government classifies bodies into four main types. The Scottish Government also has a fifth category: NHS bodies. Advisory NDPBs These bodies consist of boards which advise ministers on particular policy areas. T ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Department For Business, Energy And Industrial Strategy
The Department for Business, Energy and Industrial Strategy (BEIS) is a department of His Majesty's Government. The department was formed during a machinery of government change on 14 July 2016, following Theresa May's appointment as Prime Minister, through a merger between the Department for Business, Innovation and Skills (BIS) and the Department of Energy and Climate Change (DECC). Responsibilities The department has responsibility for: * business * industrial strategy * science, research and innovation * deregulation * energy and clean growth * climate change While some functions of the former Department for Business, Innovation and Skills, in respect of higher and further education policy, apprenticeships and skills, were transferred to the Department for Education, in a statement May explained:The Department for Energy and Climate Change and the remaining functions of the Department for Business, Innovation and Skills have been merged to form a new Department for B ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
National Minimum Wage Act 1998
The National Minimum Wage Act 1998 creates a minimum wage across the United Kingdom.. E McGaughey, ''A Casebook on Labour Law'' (Hart 2019) ch 6(1) From 1 April 2022 this was £9.50 for people age 23 and over, £9.18 for 21- to 22-year-olds, £6.83 for 18- to 20-year-olds, £4.81 for people under 18 and apprentices. (See Current and past rates.) It was a flagship policy of the Labour Party in the UK during their successful 1997 general election campaign. The national minimum wage (NMW) took effect on 1 April 1999. On 1 April 2016, an amendment to the act attempted an obligatory "National Living Wage" for workers over 25 (now extended to workers aged 23 and over), which was implemented at a significantly higher minimum wage rate of £7.20 (now increased to £9.50 as of 1 April 2022). This was expected to rise to at least £9 per hour by 2020, but in reality by that year it had only reached £8.72 per hour. Background No national minimum wage existed prior to 1998, although ther ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Trade Union
A trade union (labor union in American English), often simply referred to as a union, is an organization of workers intent on "maintaining or improving the conditions of their employment", ch. I such as attaining better wages and benefits (such as holiday, health care, and retirement), improving working conditions, improving safety standards, establishing complaint procedures, developing rules governing status of employees (rules governing promotions, just-cause conditions for termination) and protecting the integrity of their trade through the increased bargaining power wielded by solidarity among workers. Trade unions typically fund their head office and legal team functions through regularly imposed fees called ''union dues''. The delegate staff of the trade union representation in the workforce are usually made up of workplace volunteers who are often appointed by members in democratic elections. The trade union, through an elected leadership and bargaining committee, ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Academic
An academy (Attic Greek: Ἀκαδήμεια; Koine Greek Ἀκαδημία) is an institution of secondary education, secondary or tertiary education, tertiary higher education, higher learning (and generally also research or honorary membership). The name traces back to Plato's school of philosophy, founded approximately 385 BC at Akademia, a sanctuary of Athena, the goddess of wisdom and Skills, skill, north of Ancient Athens, Athens, Greece. Etymology The word comes from the ''Academy'' in ancient Greece, which derives from the Athenian hero, ''Akademos''. Outside the city walls of Athens, the Gymnasium (ancient Greece), gymnasium was made famous by Plato as a center of learning. The sacred space, dedicated to the goddess of wisdom, Athena, had formerly been an olive Grove (nature), grove, hence the expression "the groves of Academe". In these gardens, the philosopher Plato conversed with followers. Plato developed his sessions into a method of teaching philosophy and in 3 ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
David Norgrove
Sir David Ronald Norgrove (born 23 January 1948) is an English businessman and government official, who was chair of the UK Statistics Authority from 2017 to 2022. He was previously the first chairman of The Pensions Regulator, and then chair of the Low Pay Commission. Early life Norgrove was born on 23 January 1948 in Peckham, London. He was educated at Christ's Hospital School and read History at Exeter College, Oxford. He gained a diploma in Economics at Cambridge University and then a master's degree in Economics at the London School of Economics. Career Norgrove started his career as an economist at HM Treasury (1972–85), where his time included a secondment to the First National Bank of Chicago. Norgrove was private secretary to Prime Minister Margaret Thatcher between 1985 and 1988. In 1988 he joined Marks and Spencer, where he held several positions: from 1988–99 he was Director of Europe; Worldwide franchising; Menswear and Strategy. In September 1999 he became ch ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Resolution Foundation
The Resolution Foundation is an independent British think tank established in 2005. Its stated aim is to improve the standard of living of low- and middle-income families. Appointments In June 2015, the former Conservative Party (UK), Conservative MP David Willetts took over as executive chairman. At the same time, Torsten Bell, a former senior advisor to Ed Miliband, was appointed as the organisation's director to lead what the Foundation described as "an expanded programme of work". , Willetts is president of the Foundation's Advisory Council and Intergenerational Centre, and Bell is chief executive. Prior to the appointment of Willetts and Bell, the organisation was led by a chief executive: Sue Regan from 2005 to 2010; Gavin Kelly from 2010 to 2015. Kelly then became the CEO of the Resolution Trust, which is the think tank's primary funder. Publications The Foundation has hosted a number of major reviews. The Commission on Living Standards, chaired by Clive Cowdery, ran f ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Office Of Budget Responsibility
The Office for Budget Responsibility (OBR) is a non-departmental public body funded by the UK Treasury, that the UK government established to provide independent economic forecasts and independent analysis of the public finances. It was formally created in May 2010 following the general election (although it had previously been constituted in shadow form by the Conservative party opposition in December 2009) and was placed on a statutory footing by the Budget Responsibility and National Audit Act 2011. It is one of a growing number of official independent fiscal watchdogs around the world. Richard Hughes, former Director of Fiscal Policy at HM Treasury, has been head since October 2020. Functions The UK government created the OBR in 2010 with the goal of offering independent and authoritative analysis of the UK's public finances. To that end it produces two 5-year-ahead forecasts for the economy and the public finances each year, alongside the Budget and Spring Statements. In i ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Fiscal Policy
In economics and political science, fiscal policy is the use of government revenue collection (taxes or tax cuts) and expenditure to influence a country's economy. The use of government revenue expenditures to influence macroeconomic variables developed in reaction to the Great Depression of the 1930s, when the previous laissez-faire approach to economic management became unworkable. Fiscal policy is based on the theories of the British economist John Maynard Keynes, whose Keynesian economics theorised that government changes in the levels of taxation and government spending influence aggregate demand and the level of economic activity. Fiscal and monetary policy are the key strategies used by a country's government and central bank to advance its economic objectives. The combination of these policies enables these authorities to target inflation (which is considered "healthy" at the level in the range 2%–3%) and to increase employment. Additionally, it is designed to try to k ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Minimum Wage Law
Minimum wage law is the body of law which prohibits employers from hiring employees or workers for less than a given hourly, daily or monthly minimum wage. More than 90% of all countries have some kind of minimum wage legislation. History Until recently, minimum wage laws were usually very tightly focused. In the US and Great Britain, for example, they applied only to women and children. Only after the Great Depression did many industrialized economies extend them to the general work force. Even then, the laws were often specific to certain industries. In France, for example, they were extensions of existing trade union legislation. In the US, industry specific wage restrictions were held to be unconstitutional. The country's Fair Labor Standards Act of 1938 established a uniform national minimum wage for nonfarm, nonsupervisory workers. Coverage was later extended to most of the labor force. * In 1894, New Zealand established such arbitration boards with the Industrial Con ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
