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NLW
abbreviation for
- National Library of Wales
Example Sentences
The main changes have been the age bands - the top rate originally was for those aged over 22, which was then changed to 21 and above in 2010, and became 25 and over when the NLW was introduced in 2016.
The National Living Wage is lower than this, but the Resolution Foundation said the NLW had a beneficial knock-on effect to other low-paid workers.
"It's vital that the NLW is set at a level that the economy can afford, without job losses or harming job creation," said Mike Cherry, the FSB's national chairman.
"Cost pressures on small businesses are building, and with most recent economic indicators underperforming, we are now facing the reality that the NLW target may need to be delayed beyond 2020."
The think-tank has previously estimated that by 2020 the NLW should benefit more than six million workers.
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