Government to increase National Living Wage and National Minimum Wage from April
Starting from 1 April, the government will increase both the National Living Wage (NLW) and National Minimum Wage (NMW). The NLW for those aged 21 and over will rise by 6.7%, from £11.44 to £12.21 per hour. Meanwhile, the NMW for 18-20-year-olds will increase by £1.40 to £10.00 per hour, which is a record increase. As a result, full-time eligible workers in this age group will see an annual pay boost of £2,500. According to the government's impact assessment, "these reforms will put approximately £1.8 billion into the pockets of workers over the next six years". These changes form part of the Government’s Plan for Change, which seeks to "improve living standards and make working people better off".
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