The British government recently announced that the national hourly minimum living wage for all workers aged 23 and above will increase from GBP 9.50 to GBP 10.42 beginning 1 April 2023.
Key details
The hourly minimum wage constitutes an increase of 9.7% from the current rate.
This large increase, which was widely criticized by employers’ unions, aims to support the lowest earners in England. The minimum wage increase is likely to affect more small companies rather than big companies where pay rates are usually above the minimum wage.
Minimum wage for workers under age 23
Beginning 1 April 2023, the national hourly minimum living wage for workers under age 23 will also increase as follows:
- Workers between age 21 and 22: minimum hourly wage will increase from GBP 9.18 to GBP 10.18
- Workers between age 18 and 20: minimum hourly wage will increase from GBP 6.83 to GBP 7.49
- Workers under age 18: minimum hourly wage will increase from GBP 4.81 to GBP 5.28
In addition, apprentice rates also increased from GBP 4.81 to GBP 5.28 per hour.