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Hundreds of thousands of workers are to receive a pay hike after today

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As of today low paid workers will receive a boost in their wages as a new National Minimum Wage rise comes into effect.

Today almost 270,000 low paid workers will reap the benefits of the National Minimum Wage, seeing those who work over 35 hours a week earn £450 more every year.

Now the highest the wage has ever been in real terms, surpassing the pre-recession peak outstripping average wage growth and inflation.  

Workers aged 18 to 20, and 21 to 24 will all see an increase of 25p, raising their wages to £5.55 and £6.95 respectively.

Apprentices under 21, estimated to number around 210,000 nationwide will see their wages rise by 10p to £3.40 an hour. Young workers, ages 16 to 17 will see their wags increase to £4 an hour.

This follows a promising employment rate of nearly 75 per cent, and unemployment hit a 10-year low. In April the minimum wage for over 25s was raised to £7.20

Employers must now pay those entitled to minimum wage the new rates or face punishment and also being named and shamed on a public register, with the HRMC enforcement budget gaining an extra £7 million.

Business Secretary Greg Clark said: “This will make a real difference to hard-working people up and down the country and means for the vast majority of workers, the National Minimum Wage is at its highest level in real terms.”

Published on Thursday 01 September by Ben Stevens

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