Autumn Budget 2017 Reaction: National Minimum Wage

Chancellor Philip Hammond delivered his second Budget of 2017 to Parliament this afternoon. We have created a video and a series of short blogs on various tax and business related Budget announcements to help clarify some of the details behind the headlines.

 

National Minimum Wage

 

The national minimum wage rates will increase from April 2018;

 

The rate for workers aged 25 and over will increase from £7.50 to £7.83;

 

The rate for 21-24 year olds will increase from £7.05 to 7.38;

 

The rate for 18-20 year olds will increase from £5.60 to £5.90;

 

The rate for 16-17 year olds will increase from £4.05 to £4.20; and

 

The apprentice rate, for apprentices aged under 19 or in the first year of their apprenticeship, will increase from £3.50 to £3.70.

 

If you need any advice regarding the National Minimum Wage, the National Living Wage or any other pay related matter please get in touch.

 

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