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National Living Wage increase introduced
As of 1 April 2019, 1.8 million workers will receive an additional £690 over the year thanks to an increase to the National Living Wage.
This means that full-time workers receiving the National Living Wage will be more than £2,750 better off compared to 2015 when the rate was first introduced. The increase of five per cent brings the rate up to £8.21 per hour.
The government has also announced that the National Minimum Wage is also being increased, rising to £7.70 per hour for 21 to 24-year olds and £6.15 for 18 to 21-year olds.
Business Minister Kelly Tolhurst said: "We are committed to making sure that UK workers get a fair day’s pay and the rise in the National Living and Minimum Wage, benefiting millions of people, delivers on this commitment.
"Since the National Living Wage was announced in 2015, it has helped protect the lowest paid – increasing faster than inflation and average earnings. Our minimum wage rates are among the highest in the world and, through our modern Industrial Strategy, we are determined to end low pay and workers get a fair day’s pay for a fair day’s work."
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