On 17 November 2022, the UK Government confirmed in its Autumn Statement that it has accepted the Low Pay Commission’s proposed increases to the national living wage (NLW) and national minimum wage (NMW) rates from 1 April 2023. About the National Minimum Wage (NMW) The national minimum wage (NMW) is a prescribed minimum hourly rate of pay which employers must legally
New National Minimum Wage (NMW) and National Living Wage (NLW) Rates take effect from 1 April. Old Rate New Rate Increase (%) 25 years + £7.83 £8.21 4.9% 21-24 years £7.38 £7.70 4.3% 18-20 years £5.90 £6.15 4.2% 16-17 years £4.20 £4.35 3.6% Apprentice rate £3.70 £3.90 5.4% The national minimum wage (NMW) is a prescribed minimum hourly rate of pay
The National Living Wage, which is the statutory minimum wage for those aged 25 and over, has to rise to £8.21ph from April 2019 – which means an additional £690 annually for low paid workers. The Low Pay Commission (LPC), which recommended the increase, have anticipated that the increase will see almost 2.4 million workers
Last week the Government announced a huge change for UK workers – Here is what you need to know: Following on from the Budget in November 2017, Chancellor Phillip Hammond has announced that there would be an increase in the amount people will be entitled to earn in 2018. The National Minimum Wage (NMW) is the minimum
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