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Two Million Workers Receive Pay Rise - Perthshire Chamber of Commerce

Two Million Workers Receive Pay Rise

Two million of UK’s lowest paid workers to receive pay rise from today

An estimated two million of the UK’S lowest-paid workers will receive pay rise from today as statutory minimum wages increase.
The National Living Wage rises by 2.2% to £8.91, the equivalent of more than £345 a year for a full-time employee, and will be given to 23 and 24-year-olds for the first time. These changes follow recommendations made to the Government by the Low Pay Commission (LPC) and are a first step towards the target of the NLW reaching two-thirds of median earnings for workers aged 21 and over by 2024.

The Living Wage Foundation said workers paid the voluntary so-called Real Living Wage will receive £1,150 more over the coming year, and £3,800 in London, compared with those on the statutory rate. Ministers said the increase means a full-time worker on the National Living Wage will be taking home £5,400 more annually than they were in 2010, and it will particularly benefit workers in sectors such as retail, hospitality, and cleaning and maintenance.

The increases are £8.72 to £8.91 an hour for workers over the age of 23; from £8.20 to £8.36 for those aged 21-22; from £6.45 to £6.56 for 18 to 20-year-olds; from £4.55 to £4.62 for under-18s; and £4.15 to £4.30 for apprentices.

For more information see govenment website.

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