The UK government has announced a significant increase in the minimum wage, set to rise to £11.44 per hour from April next year. This change marks a substantial increase of over a pound from the current National Living Wage of £10.42 for workers over 23.
In a landmark policy shift, Chancellor Jeremy Hunt has extended this rate to include 21 and 22-year-olds for the first time. This adjustment translates to a yearly increase of £1,800 for a full-time worker aged 23, and an even more substantial £2,300 for 21-year-olds.
