The minimum wage is to increase by more than a pound to £11.44 per hour from April next year.
The minimum wage, known officially as the National Living Wage, is currently £10.42 an hour for workers over 23.
But Chancellor Jeremy Hunt has decided the rate will also apply to 21 and 22-year-olds for the first time.
But Chancellor Jeremy Hunt has decided the rate will also apply to 21 and 22-year-olds for the first time.
The policy change comes ahead of Mr Hunt’s Autumn Statement, which will see the chancellor outline the government’s latest tax and spending decisions.
Mr Hunt told the Conservative Party conference in October that the minimum wage was set to rise above £11 in April, but the confirmed rises represent a 9.8% increase for over-23s on last year, and a 12.4% jump for workers aged 22 and 21.
The current minimum wage for those aged 21-22 is £10.18 an hour.
The separate National Minimum Wage for 18-20-year-olds will also increase to £8.60 an hour from £7.49, meaning in total, the above-inflation wage hikes will benefit 2.7 million low-paid workers.
Apprentices will also get a rise, with an hourly pay increase of over 20%, going from £5.28 to £6.40 an hour.
The minimum wage is to increase by more than a pound to £11.44 per hour from April next year.
But Chancellor Jeremy Hunt has decided the rate will also apply to 21 and 22-year-olds for the first time.
The minimum wage, known officially as the National Living Wage, is currently £10.42 an hour for workers over 23.
The policy change comes ahead of Mr Hunt’s Autumn Statement, which will see the chancellor outline the government’s latest tax and spending decisions.
But Chancellor Jeremy Hunt has decided the rate will also apply to 21 and 22-year-olds for the first time.
But Chancellor Jeremy Hunt has decided the rate will also apply to 21 and 22-year-olds for the first time.
The policy change comes ahead of Mr Hunt’s Autumn Statement, which will see the chancellor outline the government’s latest tax and spending decisions.
Mr Hunt told the Conservative Party conference in October that the minimum wage was set to rise above £11 in April, but the confirmed rises represent a 9.8% increase for over-23s on last year, and a 12.4% jump for workers aged 22 and 21.
The current minimum wage for those aged 21-22 is £10.18 an hour.
The separate National Minimum Wage for 18-20-year-olds will also increase to £8.60 an hour from £7.49, meaning in total, the above-inflation wage hikes will benefit 2.7 million low-paid workers.
Apprentices will also get a rise, with an hourly pay increase of over 20%, going from £5.28 to £6.40 an hour.
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