"Millions of low-paid workers in the UK are to get a pay rise of 4.1% next year, as Rachel Reeves confirmed that minimum wage rates will go up as part of the government's ambition to improve living standards. The national living wage will rise from 12.21 to 12.71 an hour from April for over-21s, which the government said would increase the annual earnings of about 2.4 million workers by 900."
"The minimum wage for 18- to 20-year-olds will increase by 8.5% to 10.85 an hour, narrowing the gap with older workers as part of the government's commitment to raise the floor on wages for all workers. The Treasury had been concerned about the increase in youth rates with some ministers and officials fearing that they could be priced out of entry-level jobs. But the government has accepted the Low Pay Commission's recommendations in full so that, the chancellor said, those on low incomes would be properly rewarded for their work."
"The minimum wage for 16- to 17-year-olds and those on apprenticeships will increase by 6% to 8 an hour. I know that the cost of living is still the number one issue for working people and that the economy isn't working well enough for those on the lowest incomes, Reeves said. Too many people are still struggling to make ends meet and that has to change."
National living wage for over-21s will increase from £12.21 to £12.71 an hour from April, boosting annual earnings for about 2.4 million workers by roughly £900. The minimum wage for 18- to 20-year-olds will rise by 8.5% to £10.85 an hour, narrowing the gap with older workers. Pay for 16- to 17-year-olds and apprentices will increase by 6% to £8 an hour. The government accepted the Low Pay Commission's recommendations in full to better reward low-income workers. Treasury and other officials warned that higher youth rates could reduce entry-level job opportunities. Labour promised to equalize adult pay floors.
Read at www.theguardian.com
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