When is the minimum wage going up – and what's it rising to?

Chancellor Rishi Sunak wants to announce an increase in the minimum wage after weeks of speculation.

In his autumn budget, which he will present to the House of Commons on Wednesday, Sunak wants to confirm that the minimum wage will be raised next spring.

However, critics point out that the hike hardly, if at all, offsets the recent abolition of the £ 20 weekly hike on universal credit, which exceeded £ 1,000 a year.

READ MORE: Universal Credit applicants warned of £ 343 per month decline after benefits revaluation

What is the minimum wage?

The National Living Wage is set to increase 6.6% – as recommended by the Low Pay Commission – to £ 9.50 an hour for workers 23 and older.

For workers between the ages of 21 and 22, the minimum wage will be increased from £ 8.36 to £ 9.18.

The minimum wage rate for trainees will be increased from € 4.30 to € 4.81.

However, it is not yet clear whether the minimum wage rates for other age groups will also rise.

When does the minimum wage rise?

The increase in the minimum wage will come into effect on April 1, 2022.

What is the difference between the Minimum Wage and the National Living Wage?

The National Living Wage is the designation for the minimum wage that applies to workers aged 23 and over.

Workers between the school leaving age and 23 years of age receive the national minimum wage for their respective age group.

There are different national minimum wage rates for 18-20 year olds and 21-22 year olds.

Under 18s are currently entitled to a minimum wage of £ 4.62 an hour.

.

Leave a Comment