The Association of Accounting Technicians (AAT) has backed the Chancellor’s plans to increase the national minimum wage to £10.50.
National Minimum Wage legislation affects many of AAT’s 140,000 members, whether they are students, apprentices, small business owners, licensed accountants or where they are employed by national and multi-national companies.
In 2017, the AAT Minimum Wage Survey found that 70% of its members wanted the Government to scrap the existing minimum wage structure and replace it with the , minimum pay levels (currently £10.55 in London and £9.00 in the rest of the UK.
Phil Hall, AAT Head of Public Affairs & Public Policy said, “The announcement is not quite as much as our members have indicated they would like to see but it’s not far off and is certainly a big step in the right direction. We appreciate that many businesses are facing pressures and that employees are too – finding a balance is key to ensuring everyone gets a fair days pay for a fair days work. AAT is strongly committed to ensuring all employees receive fair pay and in recognition of this AAT has been a Living Wage Foundation accredited employer for several years”.