Minimum wage ‘increase’ updates

Over 75,000 people furloughed in Lincolnshire

Minimum wage ‘increase’ updates

Increases in minimum wages for UK workers come into force on April 1st.

According to reports, this could benefit around two million people.

The new rates are introduced as part of the soaring costs of living.

National Living Wage for over-23s is from £8.91 to £9.50 an hour.

Those aged 21-22 have had an increase from £8.36 to £9.18.

Those aged 18-20 have had an increase from £6.56 to £6.83.

Under 18s from £4.62 to £4.81.

The Apprentice rate is now £4.81 from £4.30.

The Apprentice rate applies to people aged under 19.

Nye Cominetti, of the Resolution Foundation, a think tank says is unlikely to be enough, something we can certainly all conclude ourselves.

The National Living wage applied to workers over the age of 23.

The National Minimum wage is for workers above school leaving age but under 23.

Any employer not paying the minimum wage can be fined by the UK tax authority, P&O must be seemingly exempt from this.

Retail, care, and hospitality sectors are reportedly responsible for a large number of minimum wage jobs.

The ‘Real Living Wage’ is currently £11.05 in London and £9.90 elsewhere in the UK, according to reports.

The latest inflation figure is a staggering 6.2% with suggestions it will continue to rise.

The new rates were announced back in October and will be the same across all parts of the UK.

The cost of living has skyrocketed since the announcements, however, leaving many asking will this be enough?

One user commented, ” The minimum wage is far too low for anyone to live on and have any quality of life”.

MPs are still set to get a pay rise, however.

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Jack joined the Gi team in January 2022.