Chancellor Philip Hammond has announced that the rates of the National Living Wage and National Minimum Wage are rising from 1 April 2018.
The hourly rates will increase in April 2018:
- from £7.50 to £7.83 for workers aged 25 and over (the National Living Wage)
- from £7.05 to £7.38 for 21-24 year olds
- from £5.60 to £5.90 for 18-20 year olds
- from £4.05 to £4.20 for 16-17 year olds
- from £3.50 to £3.70 for apprentices aged under 19 or in the first year of their apprenticeship.
The rise in the national living wage for workers over 25 is almost 5 per cent; however, the target of it hitting £9.30 by 2020 has slipped and it won’t get to £9.10 until 2022.
Workers aged under 25 will see the largest increase in a decade in their statutory minimum wage in April 2018, according to the Low Pay Commission.
