Largest increase to the minimum wage announced

Published: 28th November 2023

Accepting the recommendations of the Low Pay Commission in full, the government has confirmed that it will be increasing the NLW and NMW rates from 1 April 2024 as follows:

• the NLW rate will rise by 9.8% from £10.42 to £11.44 per hour – this rate currently applies to workers aged 23 and over but it will be extended to also apply to 21 and 22 year olds from 1 April 2024
• the NMW rate for workers aged 18 to 20 will rise by 14.8% from £7.49 to £8.60 per hour
• the NMW rate for workers aged 16 and 17 will rise by 21.2% from £5.28 to £6.40 per hour
• the NMW rate for apprentices aged under 19, or those aged 19 and over but in the first year of their apprenticeship, will rise by 21.2% from £5.28 to £6.40 per hour
• the daily offset for the provision of living accommodation to a worker will rise by 9.8% from £9.10 to £9.99 per day.