As recommended by the Low Pay Commission, the government will raise the National minimum wage in October from £6.50 to £6.70 per hour for adults. This increase will also alter the following rates of low pay:
- The rate for 18 to 20 year olds will increase by 17p to £5.30 per hour
- 16 to 17 year olds will see a rise of 8 pence to £3.87 per hour
- The rate for apprentices has seen a significant rise of 57p to £3.30 per hour
This is the largest real terms increase in National Minimum wage rates since 2007 and more than £1.4 million of Britain’s lowest paid workers are set to benefit.
Announcing the changes, Mr Cameron said: “At the heart of our long-term economic plan for Britain is a simple idea – that those who put in, should get out, that hard work is really rewarded, that the benefits of recovery are truly national.”
Business Secretary Vince Cable has also planned to launch the National Minimum Wage Accelerator. This online tool will allow people to compare rates across regions, sectors and occupations. It will use data from the annual survey of hours and earnings.
You can also check if your employer is paying you correctly by using the National Minimum Wage Calculator. https://www.gov.uk/am-i-getting-minimum-wage
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