Jeremy Hunt’s recent Autumn Statement has raised concerns within the British agricultural sector, particularly regarding the impact of the increased minimum wage on farm labor. Land and estate agency GSC Grays highlighted the potential repercussions of the rise in the National Living Wage to £11.44 per hour from April 1, 2024, which for the first time includes workers aged 21 and 22. Additionally, there will be a significant hike in the National Minimum Wage rates for younger workers and apprentices.
The farming industry, already under considerable financial strain, fears that these changes will worsen existing challenges. Robert Sullivan, Head of farm business at GSC Grays, expressed concern that the higher minimum wage could render other industries more appealing for potential workers, forcing farmers to further increase wages.
Source: fpcfreshtalkdaily.co.uk