Wage increase for 2 million low-paid workers as the minimum wage rises 2.2% today … an additional £ 300 per year for full-time employees
- The national living wage will rise 2.2 percent to £ 8.91 an hour from Thursday
- The boost is an additional £ 345 per year for someone who works full-time
- For the first time, the rate will also be extended to 23- and 24-year-olds
Two million low-income workers will receive a raise today after a minimum wage increase.
The national living wage increases 2.2 percent to £ 8.91 an hour – an additional £ 345 per year for someone who works full-time.
The sentence, which previously applied to people aged 25 and over, is now being extended to include 23 and 24 year olds for the first time.
The increase is well above the current 0.7 percent inflation rate and comes at a time when most of the public sector is on a wage freeze and the government says it can only afford a 1 percent increase for NHS workers .
Boris Johnson said the wage increase was “well deserved”.
Economy Minister Kwasi Kwarteng (pictured) said the decision to drive growth in the “toughest years” was a sign of the government’s commitment to low-wage workers
Prime Minister Boris Johnson (pictured on Monday) said the wage increase was “well deserved”.
He added, “National minimum and subsistence wages have risen every year since they were introduced and support the low-wage sector. Despite the challenges we have faced recently, this year will be no different.”
Workers over the age of 23 will see an increase from £ 8.72 to £ 8.91 per hour. £ 8.20 to £ 8.36 for people aged 21-22; £ 6.45 to £ 6.56 for 18 to 20 year olds; from £ 4.55 to £ 4.62 for children under 18; and £ 4.15 to £ 4.30 for trainees.
Economy Minister Kwasi Kwarteng said the decision to push growth in “the toughest years” was a sign of the government’s commitment to low-wage workers.
The increase will particularly benefit workers in sectors such as retail, hospitality, cleaning and maintenance.
However, the Living Wage Foundation, which sets a voluntary minimum wage target for employers, said it is still falling far short of the required rates – suggesting that workers in London are £ 10.85 an hour and outside the capital £ 9.50 need.