Many businesses have welcomed the news that the Government will introduce a new scheme to…
On 1 April 2020 the Government will introduce increases to the National Living and Minimum Wage.
From this date the National Living Wage (NLW) will rise from £8.21 to £8.72 per hour and will mean that 2.8 million full-time workers will see a £930 boost to their annual earnings.
The Government claims that the introduction of the NLW, which is available to those aged 25 and over, has delivered the fastest pay rise for the lowest earners in 20 years.
From April workers who are paid the National Minimum Wage (NMW) will also see their pay increase. The table below outlines the new rates of pay:
|Year||25 and over||21 to 24||18 to 20||Under 18||Apprentice|
|April 2019 (current rate)||£8.21||£7.70||£6.15||£4.35||£3.90|
As well as increasing the NLW, the Chancellor Sajid Javid has said that the Government intends to expand the reach of the NLW to cover workers aged 23 and over from April 2021, and to those aged 21 and over within five years.