In the 2017 Autumn Budget, Chancellor Philip Hammond announced increases in both the National Minimum Wage (NMW) and the National Living Wage (NLW). The new rates will apply from April 2018, and are as follows:
|Apprentices*||16 and 17||18 – 20||21 – 24||25 and over|
|National Minimum Wage||£3.70||£4.20||£5.90||£7.38||–|
|National Living Wage||–||–||–||–||£7.83|
*Under 19, or 19 and over in the first year of their apprenticeship.
Please note, there are separate minimum wage rates for agricultural workers. Visit www.gov.uk/agricultural-workers-rights/pay-and-overtime for more information.
Employers can also choose to pay their employees the Voluntary Living Wage (VLW), which is set by the independent Living Wage Foundation. The VLW is calculated based on workers’ actual living costs, and the wage currently stands at £8.75 per hour, with the London VLW being £10.20 an hour.