Chancellor Rishi Sunak will announce the increase in the upcoming budget – but do you think the 59p an hour boost is enough? Have your say in our latest Money survey
The minimum wage for Brits will rise from £8.91 to £9.50 in April 2022.
Chancellor of the Exchequer Rishi Sunak will announce the boost to the National Living Wage for over-23s in the upcoming budget.
Tories have previously claimed they would raise the minimum wage to £10.50 an hour and expand the eligibility to over-21s by 2024.
This is because ministers pledged future rises would be pegged to two-thirds of median earnings, higher than the previous 60% target.
From 1 April, the hourly rate for people aged 21-22 goes to £9.18 an hour, up from £8.36. The Apprentice Rate will also increase from £4.30 to £4.81 an hour.
Last month, Labour members backed a motion to increase the minimum wage to £15-an-hour across the country.
What do you think of the announcement? Have your say in the survey below
But the motion was not supported by Keir Starmer, who said the party has already committed to a minimum wage of “at least” £10-an-hour.
“That is significant, that is our policy and it is alongside a wider package of measures to protect people at work – including day 1 rights and including statutory sick pay.”