Minimum Wage 2024 Uk 16

Minimum Wage 2024 Uk 16. We have now published the. The national minimum wage paid to those aged over 21 was increased by 6.7% by chancellor rachel reeves today, rising from £11.44 to £12.21 an hour.

In april 2024, the national minimum wage in the uk will see a substantial increase of nearly 10%, rising to £11.44 per hour from the existing £10.42. We have looked at the nmw’s impacts, alternative models for minimum wages, and the role of lower rates for young people and apprentices.