Minimum Wage Set to Rise

By September 17, 2014Uncategorized

The government released details of changes in the National Minimum Wage in March. From the 1st October 2014 the minimum wage rates are set to rise. The increases are between and 2% and 3% and over a million people will be affected. This is the first real terms cash increase since 2008 and the Low Pay Commission believes will be manageable by employers and will support full employment. The changes are as follows –

19p increase in the adult rate (from £6.31 to £6.50 per hour)

10p increase in the rate for 18 to 20 year olds (from £5.03 to £5.13 per hour)

7p increase in the rate for 16 to 17 year olds (from £3.72 to £3.79 per hour)

5p increase in the rate for apprentices (from £2.68 to £2.73 per hour)

Further details are available at this address https://www.gov.uk/government/news/one-million-set-to-benefit-from-national-minimum-wage-rise-to-650.

The government released details of changes in the National Minimum Wage in March. From the 1st October 2014 the minimum wage rates are set to rise. The increases are between and 2% and 3% and over a million people will be affected. This is the first real terms cash increase since 2008 and the Low Pay Commission believes will be manageable by employers and will support full employment. The changes are as follows –

19p increase in the adult rate (from £6.31 to £6.50 per hour)

10p increase in the rate for 18 to 20 year olds (from £5.03 to £5.13 per hour)

7p increase in the rate for 16 to 17 year olds (from £3.72 to £3.79 per hour)

5p increase in the rate for apprentices (from £2.68 to £2.73 per hour)

Further details are available at this address https://www.gov.uk/government/news/one-million-set-to-benefit-from-national-minimum-wage-rise-to-650.