Millions will see their pay rise as Jeremy Hunt reveals a new minimum wage rate. All full-time workers on the National Living Wage will get a pay rise of over £1,800 a year, Chancellor Jeremy Hunt has said today ahead of Wednesday's Autumn Statement.
The National Living Wage will increase by £1.02 an hour from April, the Treasury has announced. Mr Hunt said: "Next April all full-time workers on the National Living Wage will get a pay rise of over £1,800 a year. That will end low pay in this country, delivering on our manifesto promise.
"The National Living Wage has helped halve the number of people on low pay since 2010, making sure work always pays." The move will see the National Living Wage rise from £10.42 to £11.44 per hour, which is a ten per cent hike.
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As part of the change, a 21-year-old will get a 12.4 per cent increase from £10.18 this year to £11.44 next year, worth almost £2,300 a year for a full-time worker. 18-20-year-olds will get a wage boost to £8.60 per hour – a £1.11 rise.
2.7 million workers will benefit, according to the government. Apprentices will also see their minimum hourly wage rise next year by more than 20 per cent, going from £5.28 to £6.40 per hour, when the changes come into effect from April 1.
The new National Living Wage rates:
The new National Living Wage will rise £11.44 an hour - up from £10.42 - for workers 21 and over. The 18 to 20-year-old rate is £8.60 an hour (up from £7.49). The 16 to 17-year-old rate is £6.40 an hour (up from £5.25) and the Apprentice Rateis £6.40 an hour (up from £5.28).
The Accommodation Offset is £9.99 an hour (up from £9.10), the government has also today confirmed.
