Earlier this month Chancellor of the Exchequer Rishi Sunak announced the National Minimum Wage is going to increase. The change will come in with the new financial year – but when is that?
What is the National Living Wage?
At present, the National Living Wage for those over 25 is projected at £8.21.
This is more than 50p extra an hour than the Minimum Wage for the same age group.
Livingwage.org say the Real Living Wage is actually £9.30 across the UK, and £10.75 in London.
At the 2020 Budget, Mr Sunak said the National Living Wage is to rise.
He said: “By 2024 the National Living Wage will reach two-thirds of median earnings. On current forecasts, that means a Living Wage of over £10.50 an hour.
“We promised to end low pay, we’re getting it done.”