The New minimum wage increase are in effect on the 1st October 2016. The minimum wage increases will affect any worker under 25.
LPC Chair David Norgrove said:
"Unemployment rates for 21-24 year olds are twice as high as those for 25-30 year olds and the ‘bite’ already the highest of any age group. However 21-24 year olds have seen falling unemployment rates and pay growth twice as fast as for workers aged 25 and above. Our recommended increase balanced these considerations, delivering a higher increase than last year in both cash and percentage terms. It means both the real and relative value of the minimum wage for 21-24 year olds is likely to reach its highest ever level."
|Structure, level and increases in the minimum wage|
|Current level||From April 2016||From October 2016 - April 2017||Increase|
|Adult rate (21+)||NLW (25+) £7.20||£7.20||n/a|
|Adult Rate (21-24) £6.70||£6.95||3.7%|
|16-17 Yr Old Rate||£3.87||£4.00||3.4%|
More information on the Job Seekers website.