UK National Living Wage to be increased by £9.50 an hour.

Posted a month ago

by shakiez893

The UK government has announced they are set to rise National Living Wage from  £8.91 per hour to £9.50 in new Budget.

This increment has moved up by  6.6%  in the minimum wage age grades from 23 and abovee which is more than  3.1% rise in the cost of living for their citizens.

According to reports the UK government decided to listen to the  low-paid employees and younger workers, which at the most affected Covid-19 pandemic.

This appeal and recommendation was outlined by Low Pay Commission, an independent advisory board.

British politician and Chancellor Exchequer Rishi Sunak noted that the UK government is trying to make work pay as supposed and keep their economy level on track in a bid to meet the target of end low pay by the end of the current Parliament".

Labour's shadow chief secretary to the Treasury, Bridget Phillipson, described it as an "underwhelming offer",  mostlyswallowowed up by tax rises, universal credit cuts and higher energy bills.

The National Minimum Wage for people aged 21-22 is also set to rise from £8.36 to £9.18 an hour and the Apprentice Rate increases from £4.30 to £4.81 an hour across the UK.

The foundation's director, Graham Griffiths, called on employers to "commit to go beyond this new government minimum, do the right thing, and commit to pay a real Living Wage".

This minimum wage increases will take effect from 1 April, 2022 as follows:

National Living Wage for over-23s: From £8.91 to £9.50 an hour

National Minimum Wage for those aged 21-22: From £8.36 to £9.18

National Minimum Wage for 18 to 20-year-olds: From £6.56 to £6.83

National Minimum Wage for under-18s: From £4.62 to £4.81

The Apprentice Rate: From £4.30 to £4.81

Robert Peston Wrote on Twitter:



Comments ( 0 )

No comments yet