From April 2022, the national minimum wage for those over 23 is set to rise to £9.50, up from the current £8.91.
The current Chancellor has says they're "Making work pay and keeps us on track to meet our target to end low pay by the end of this Parliament".
Here is a summary of the wage increase over all ages & apprentices
- For over 23's, the wage is increasing £8.91 to £9.50 an hour
- for 21-22, it goes from £8.36 to £9.18
- NatFor 18 - 20, we see an increase from £6.56 to £6.83
- Under 18's are set to see an increase from £4.62 to £4.81
- The Apprentice Rate: From £4.30 to £4.81
While i am sure all workers will be pleased to see the rise, Labours Bridget Phillipson warns that the increase will be swallowed up by by tax rises, benefits cuts & the rise in energy bills.
The Living Wage Foundation, a group campaigning for employers to meet what they call the Real Living Wage (which is currently the £9.50 but is likely to raise with the above mention changes to Tax, bills etc), have welcome the increase but said there is a way to go.