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East Midlands Chamber News

National Living Wage rises today

The National Living wage has increased from today.

It has gone up by the highest rate since it was first introduced, increasing by almost five per cent to £8.21/hour

Around 1.8 million workers earning the National Living Wage (NLW) will be £690 a year better off as a result of the rise.

The National Minimum Wage (NMW) is also increasing.

This includes £7.70/hour for 21 to 24-year olds, providing an additional £580 over the year for full-time workers, and £6.15 for 18 to 20-year olds, providing full-time workers with an additional £455 over the year.

Taken together with changes to NLW, 2.1 million people will receive a pay rise from today.