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Available for over a year

Last summer Chancellor George Osborne announced a new living wage. By 2020 he said that workers would earn at least £9 an hour. In a couple of weeks time this new national living wage comes into force. For many it'll mean a pay rise but some businesses are warning they will need to cut employee hours and re-negotiate contracts so they can afford to pay it. Louise Cooper asks a panel of experts how it will affect working people. First broadcast on Money Box Live, 23 March 2016.