As part of the Autumn Budget, Chancellor Philip Hammond confirmed the new minimum rates of pay which will apply from April 2018.
In line with the intention for the national living wage to increase to £9 per hour from 2020, it will increase from £7.50 to £7.83, representing a 4.4% uplift. In practical terms, this will mean a pay rise of around £600 per year for a full time worker.
The other rates will increase as follows:
- Workers aged 21-24: from £7.05 to £7.38 an hour
- Workers aged 18-20: from £5.60 to £5.90 an hour
- Workers aged 16-17: from £4.05 to £4.20 an hour
- Apprentice rate: from £3.50 to £3.70 per hour