National Minimum Wage 2025 Forecast Uk Us

National Minimum Wage 2025 Forecast Uk Us. The final rates will be confirmed in the october 2024 budget, based. With rates increasing 6.7% for workers aged 21 and over.


National Minimum Wage 2025 Forecast Uk Us

The government has announced tuesday 29th october 2024 its acceptance of the low pay commission’s (lpc) recommendations on the rates of the national minimum wage (nmw), including the national living wage. The new rate will rise by 6.7% to £12.21 per hour, effective from april 2025.

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