Posted on 23/03/2015 by Kirsty Craig
The National Minimum Wage is to increase by 20p an hour to £6.70, the biggest real-terms rise in seven years, the government has announced. More than 1.4 million low paid workers will benefit from the 3% hike, while rates for younger workers and apprentices will also go up - all from October.
The hourly rate for 18 to 20-year-olds will go up from £5.13 to £5.30 (3%) and by 8p to £3.87 for 16 and 17-year-olds (2%).
The number of people in work, 30.9m, and the employment rate, 73.3%, hit the highest levels since the statistics began in 1971