The national living wage paid to workers aged 25 or over will rise from £7.50/hour to £7.83/hour in April.
The 33p increase represents a 4.4% rise, meaning the UK’s lowest paid workers will see their pay rise above current levels of inflation.
It amounts to an annual increase of about £600 for a full-time worker.
The Government has previously said it plans to raise the national living wage to £9/hour by 2020.
What is the national living wage?
Introduced in July 2015 by then Chancellor George Osborne, the compulsory national living wage is the lowest wage which can legally be paid to employees aged 25 or over. Its rates are adjusted every April.
It’s higher than the compulsory national minimum wage, which is also rising and continues to apply at varying rates to employees aged under 25 (as the table below illustrates).
These rates are for the National Living Wage and the National Minimum Wage.
