The National Living Wage is to rise to £7.50 an hour from April this year, in line with Chancellor Philip Hammond’s Autumn Statement and Spring Budget announcement.
The minimum wage for 25-year-olds will rise 4% from £7.20 to £7.50 an hour, in new plans set to go live on 1 April that will leave earners up to £500 better off.
Chancellor Philip Hammond said he hopes to give a big boost to the so-called ‘National Living Wage’, launched under his predecessor George Osborne’s vision, in a bid to get it to £9 by 2020.
Paying living and minimum wage 2016 saw the introduction of the national living wage and from 2017, increases to both living and minimum wage will take place in April which previously took place in October each year. The government will continue to focus on making sure employers are correctly paying the National Minimum Wage (NMW) and National Living Wage (NLW) in 2017 and the national living wage (for those aged 25 and over) will increase on 1 April 2017 to £7.50 per hour.
Claire has over 20 years Recruitment experience. A specialist in the regional recruitment marketplace, Claire has extensive local knowledge and holds a reputation for quality, integrity, honesty and excellent matching. Heading up the HR and Office & Commercial Divisions of Bond Williams. Claire is responsible for the overall growth and …