Minimum wage rises to £12.71 an hour
Summary
The national minimum wage in the UK has increased for various age groups. This change affects about 2.7 million workers, with over-21s now earning at least £12.71 an hour. While some welcome the increase, businesses have expressed concerns over higher costs.Key Facts
- The new minimum wage is £12.71 per hour for workers over 21.
- Workers aged 18-20 will now earn £10.85 an hour.
- Under-18s and apprentices will see a wage increase to £8 per hour.
- Approximately 2.7 million people will receive a raise due to this change.
- The Low Pay Commission recommended these wage increases.
- Prime Minister Sir Keir Starmer supports the increase but highlights the need to further address living costs.
- Some businesses worry about increased expenses leading to price hikes or potential job cuts.
- Labour has committed to equalizing the minimum wage across age groups but ministers are considering a different approach.
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