Effect of National Living Wage on consumer prices

BKL tax partner David Whiscombe comments via the UK200Group on Next’s announcement that they may have to increase prices to take the National Living Wage (NLW) into account.


“I would have thought that the other side of the coin for retailers like Next is that the increase in NMW (NLW indeed – pure semantics!) would mean that there is more cash in the hands of punters, who might want to spend some of it on buying more of their tat.  But what do I know?

More seriously, every major retailer seemed to think Sunday opening was a good thing, despite the fact that it presumably increased wage costs by something like a sixth all round.  So it’s not entirely clear to me why the increase in economic activity, occasioned by the introduction of NLW, is a bad thing.”


Further comment is available on the UK200Group website.



Sam Inkersole

In 2022, Sam won the Taxation’s Rising Star award at the Taxation Awards in and was named in the Accountancy Age 35 Under 35.

Jon Wedge

While Jon’s client work focuses on the financial services sector, he also oversees the firm’s assurance service, as well as supporting the trainees following in his footsteps.


Elana joined us in 2017 as an ACA trainee, after graduating from Durham University where she had studied languages. She is now a manager in our assurance team.


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