Minimum Wages’ Increase

The annual rise of the National minimum wages is set to take place on the 1st of April 2023. This rise is one of the largest yet coming at an essential time due to people feeling increased pressure with the current cost of living crisis.

Bryan Sanderson, the Low Pay Commission Chair, released a statement stating:

“The rates announced today include the largest increase to the NLW since its introduction in 2016 and will provide a much-needed pay increase to millions of low-paid workers across the UK, all of whom will be feeling the effects of a sharply rising cost of living. For a full-time worker, today’s increase means nearly £150 more per month.”

The National Living Wage, the National Minimum Wage rates and the Accommodation offset are set to rise, as demonstrated below: