The Government has announced the rates of the National Living Wage (NLW) and National Minimum Wage (NMW) which will come into force from April 2023. In doing so, it has accepted in full the recommendations of the Low Pay Commission.
The rates which will apply from 1 April 2023 are as follows:
|Rate from April 2023||Annual increase (£)||Annual increase (per cent)|
|National Living Wage||£10.42||0.92||9.7|
|21-22 Year Old Rate||£10.18||1.00||10.9|
|18-20 Year Old Rate||£7.49||0.66||9.7|
|16-17 Year Old Rate||£5.28||0.47||9.7|
For further information on minimum wage in the UK please click here