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The organisation was established in 2011; it publishes an annual Living Wage figure and for a fee accredits employers who pay at the rate of the "living wage". [2] [3] As of October 2023, the current living wage rates are £12 per hour outside of London and £13.15 per hour inside London.
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 National Living Wage was phased in between April 2016 and April 2020, with the aim of reaching 60% of median UK earnings by 2020. For over-25 year old employees, the wage began at £7.20 per hour in April 2016 and was projected to rise to at least £9 per hour by April 2020. [2]
The chancellor will increase the measure, also known as the national living wage, from £11.44 per hour to £12.21 from April Rachel Reeves hands low-paid a £1,400 boost as minimum wage to rise ...
The rate is currently £10.42 for workers aged 23 and over, but the new figure will apply to 21 and 22-year-olds for the first time.
The national living wage is set to increase to at least £11 an hour from next April, with Chancellor Jeremy Hunt expected to confirm the move in a speech to the Tory party conference on Monday.
The National Minimum Wage is set to increase by 6.7% (reaching £12.21 per hour) and a £22.6 billion increase in the day-to-day health budget was announced, with a £3.1 billion increase in the capital budget. That includes £1 billion for hospital repairs and rebuilding projects.
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]