Minimum Wage Set to Rise in April, Boosting Pay for Millions
London – from April, the national minimum wage will increase by 4.1%, delivering a pay rise to millions of UK workers. The increase, announced today, will see the hourly rate for those aged 21 and over rise to £11.44, while significantly larger percentage increases are planned for younger age groups.
This adjustment comes as the government aims to support low-earning workers amidst ongoing cost-of-living pressures. The rise will directly impact over 3 million workers currently earning at or near the minimum wage, with larger gains for those under 21. The increase is tied to recommendations made by the Low Pay Commission, an self-reliant body that advises the government on minimum wage levels.
Here’s a breakdown of the new hourly rates, effective April 2024:
* Age 21 and over: £11.44 (up from £10.98)
* Age 18-20: £8.60 (up from £8.36)
* Age 16-17: £6.40 (up from £6.15)
* Apprentice Rate: £6.40 (up from £6.15)
The 4.1% increase for those 21 and over represents a smaller rise than the 9.7% increase seen last year,reflecting a moderation in wage growth and inflation. However, the percentage increases for younger workers are considerably higher, aiming to close the gap in earnings between age groups and incentivize employment.
The changes are expected to be implemented through adjustments to National Minimum Wage Regulations and will be enforced by HM Revenue & Customs. Businesses are urged to review their payroll systems to ensure compliance with the new rates from April 1st. Further details and guidance for employers are available on the government’s website.
