Minimum wage set to rise to £12.21 an hour
The Herald|October 30, 2024
THE minimum wage will rise to £12.21 an hour next year, after the Chancellor confirmed a 6.7% increase ahead of today's Budget.
Minimum wage set to rise to £12.21 an hour

Rachel Reeves described the move as a "significant step" towards delivering on Labour's manifesto promise to introduce a "genuine living wage for working people".

The increase, recommended by the Low Pay Commission, will mean an extra £1,400 a year for a full-time worker earning the main minimum wage rate, known as the national living wage, from April 2025, but it still falls short of the £12.60 per hour UK living wage calculated by the Living Wage Foundation.

The Chancellor also announced that the minimum wage for people aged 18-20 would rise to £10 an hour, an increase of £1.40.

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