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The National Minimum Wage Act 1998 (c. 39) creates a minimum wage across the United Kingdom. [2] From 1 April 2024, the minimum wage is £11.44 per hour for people aged 21 and over, £8.60 for 18- to 20-year-olds, and £6.40 for 16- to 17-year-olds and apprentices aged under 19 or in the first year of their apprenticeship. [3]
The minimum wage will rise to £12.21 an hour next year after the Chancellor confirmed a 6.7% increase ahead of Wednesday’s Budget. ... known as the national living wage, from April 2025. But it ...
UK businesses employing staff on minimum wage will see their costs jump by £2,367 per worker in 2025 due to pay increases and tax ... A total of 3.5 million minimum wage workers were handed a pay ...
The following list provides information relating to the minimum wages (gross) of countries in Europe. [1] [2]The calculations are based on the assumption of a 40-hour working week and a 52-week year, with the exceptions of France (35 hours), [3] Belgium (38 hours), [4] United Kingdom (38 hours), [3] Germany (38 hours), [5] Ireland (39 hours) [5] and Monaco (39 hours). [6]
The budget involved £40 billion of tax rises from 2025 and £70 billion over the next 3 years to allow more spending and investment over the next 3 years. [14] [15] It was announced 2 days before that the minimum wage is to rise by 6.7% to £12.21 an hour. This was confirmed in the budget. [16] [17] [18]
From April, the minimum wage will increase by an above-inflation 6.7 per cent. This will see it increase from £11.44 to £12.21 for workers aged 21 and over.
Monthly minimum gross wage Monthly net minimum wage Monthly gross minimum wage Hourly rate Effective per Foo 10 10 Belgium: €2029.88 [3] - €2029.88 €12.11 1 April 2024 Bulgaria: 1077 lev (minimum wage is fixed at an hourly rate) [4] €427.31 [5] €550.66 €3.45 [6] 1 January 2025 Croatia: €970.00 [7] €760.00 [8] €970.00 €6.06
The Low Pay Commission, the panel of experts which advises the government on minimum wage increases, said the most likely increase needed for the National Living Wage in 2025 would be a 3.9% rise ...