The Chancellor of the Exchequer, Rishi Sunak, announced a rise
in national minimum wage (NMW) and national living wage (NLW) rates
in his Budget speech on 27 October.
The rise in rates will apply from 1 April 2022.
- The NLW for those over 23 will rise from £8.91 to
£9.50
- The NMW for those aged 21 to 22 will rise from £8.36 to
£9.18.
- The NMW for those aged 18 to 20 will rise from £6.56 to
£6.83.
- The NMW for those aged under 18 will rise from £4.62 to
£4.81
Meanwhile the apprentice rate will rise from £4.30 to
£4.81.
On 4 October a £500 million expansion of the
government's Plan for Jobs initiative was announced which will
target support to workers leaving the furlough scheme, the
unemployed aged over 50, the lowest paid and young people. In
his Budget speech the Chancellor announced that there will be
further investment intended to boost opportunities for people to
upskill and retrain, together with an increase in apprenticeships
funding. There
