National Living Wage to increase to £12.21 in April 2025
The National Living Wage (NLW) will increase to £12.21 per hour from April 2025, the government has announced.
The NLW is the minimum hourly wage that employers must pay workers aged 23 and over. It is currently £10.90 per hour.
The government said the increase would benefit around 2.5 million workers and that it was committed to increasing the NLW to two-thirds of median earnings by 2024.
The increase in the NLW was welcomed by unions, but some businesses expressed concerns about the impact it would have on their costs.
The TUC said the increase was a “step in the right direction” but that it was still not enough to keep up with the cost of living.
The CBI said the increase was “unaffordable” for some businesses and that it would lead to job losses.
The government said it would provide support to businesses to help them adjust to the new NLW rate.
The increase in the NLW is part of a wider government plan to improve living standards for low-paid workers. The government has also introduced a new National Minimum Wage for workers aged 16-22, which will increase to £10.42 per hour from April 2025.
The government is also considering introducing a new Real Living Wage, which would be set at a higher rate than the NLW.
The Real Living Wage is a voluntary rate that is calculated by the Living Wage Foundation. It is currently £12.95 per hour in London and £11.95 per hour in the rest of the UK.
National Living Wage to increase to £12.21 in April 2025
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