-
WEBSITE
National living wage and minimum wage rates now and in 2024
Minimum wage is changing again in 2024 - with more people qualifying for national living wage and rates for both going up. Will April's increase make a difference? The expert view. The UK’s national living wage rose from £10.42 an hour to £11.44 in April, and those aged 21 and 22 are now also eligible to receive it.
Do more...
Share, comment, bookmark or report
-
WEBSITE
Minimum wage rates for 2024 - GOV.UK
The Government has announced the rates of the National Living Wage (NLW) and National Minimum Wage (NMW) which will come into force from April 2024. In doing so, it has accepted in full the...
Do more...
Share, comment, bookmark or report
-
WEBSITE
National Minimum Wage and National Living Wage: Low Pay Commission ...
In the interim, we ask that the Low Pay Commission recommends a National Minimum Wage rate that should apply to 18–20-year-olds from April 2025. This should continue to narrow the gap with...
Do more...
Share, comment, bookmark or report
-
WEBSITE
Low Pay Commission - The National Minimum Wage in 2024 - GOV.UK
By contrast to the NLW’s growth we expect real median hourly pay in 2024 to be broadly unchanged since the onset of the Financial Crisis, though it has recovered from the low point in 2014....
Do more...
Share, comment, bookmark or report
-
WEBSITE
What will the minimum wage be next year? – Low Pay Commission
To do this, we project a range for next year’s National Living Wage (NLW, the minimum wage for workers aged 21 and over). This is currently £11.65 to £12.18, with a central projection of...
Do more...
Share, comment, bookmark or report
-
WEBSITE
National Minimum Wage and National Living Wage rates
Before 1 April 2024 the National Living Wage was for those aged 23 and over. Before 1 April 2021 the National Living Wage was for those aged 25 and over. Read the information on who is...
Do more...
Share, comment, bookmark or report
-
WEBSITE
The National Minimum Wage in 2024 - GOV.UK
This report sets out some of the immediate impacts of the minimum wage upratings on 1 April 2024. This includes the likely number of jobs affected and the increase relative to inflation.
Do more...
Share, comment, bookmark or report
-
WEBSITE
What the minimum wage is and how much it will be in 2024? - inews.co.uk
Approximately two million workers aged 23 and over and above are receiving the minimum wage, valued at £10.42 per hour. This rate is scheduled to climb to £11.44 per hour starting April 1,...
Do more...
Share, comment, bookmark or report
-
WEBSITE
New National Minimum Wage rates announced for 2024/2025 in the UK
A key change is the lowering of the threshold for the NLW to 21 (it is currently only payable from the age of 23). As regards the rates themselves, from 1 April 2024 there will be: a 21.2 per cent increase for those aged 16-17 and apprentices (from £5.28 to £6.40 per hour).
Do more...
Share, comment, bookmark or report
-
WEBSITE
Budget 2024: National Minimum Wage set for record hike and Living Wage ...
The 18-20 National Minimum Wage will also see a record rise of an extra £1.40 per hour as part of a move towards a single adult rate. Reeves said: “This government promised a genuine living wage for working people. This pay boost for millions of workers is a significant step towards delivering on that promise.”
Do more...
Share, comment, bookmark or report
Comments