National Minimum Wage (NMW) set to increase – April 1 2018

Posted: 2 February 2018 at 9:12 am | Author: Lauren Daws

It’s good news for all workers earning NMW rates  this April, but especially for those under the age of 25 who will see the ‘largest increase in a decade in their statutory minimum wage’ according to the UK government website. See below how much it’s set to increase:

  • National living wage – from £7.50 to £7.83
  • 21-24 year old rate – from £7.05 to £7.38
  • 18-20 year old rate – from £5.60 to £5.90
  • 16-17 year old rate – from £4.05 to £4.20
  • Apprenticeship rate – from £3.50 to £3.70

The increase in the national living wage will lead to workers who are paid minimum wage, earning an extra £50 a month and £600 a year. Hammond’s announcement that the national minimum wage will be increasing is said to be linked with the Conservative’s promise of a national living wage of £9 by 2025, according to the daily mirror.

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