National Minimum Wage Increase - November 2017

Workers aged over 25 will receive an inflation-busting increase of 33p an hour in their national minimum wage. An above-inflation pay rise of 4.4 per cent starting April 2018 is over the 3 per cent rate of inflation which is in place at the moment. Following this, full-time workers will receive a £600 annual increase. The new national living wage of £7.83 is still less than the £7.90 which was projected in March this year for Budget Responsibility. It is also clear that by 2020 the national living wage may only reach £8.56 and not the £9 per hour as the government heavily publicised in 2016.

Hourly rate increases will also apply for those aged below 25:

• 21 to 24-year-olds will receive a 33p increase and will get £7.38