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The National Minimum Wage Act 1998 (c. 39) creates a minimum wage across the United Kingdom. [2] From 1 April 2024, the minimum wage is £11.44 per hour for people aged 21 and over, £8.60 for 18- to 20-year-olds, and £6.40 for 16- to 17-year-olds and apprentices aged under 19 or in the first year of their apprenticeship. [3]
This includes the right to a minimum wage of £11.44 for over-23-year-olds from April 2023 under the National Minimum Wage Act 1998. [4] The Working Time Regulations 1998 give the right to 28 days paid holidays, breaks from work, and attempt to limit
A century after the 1871 act, the Banking and Financial Dealings Act 1971 (c. 80), which currently regulates bank holidays in the UK, was passed. [14] The majority of the current bank holidays were specified in the 1971 Act: however New Year's Day and May Day were not introduced throughout the whole of the UK until 1974 and 1978 respectively. [15]
The rate is currently £10.42 for workers aged 23 and over, but the new figure will apply to 21 and 22-year-olds for the first time.
Ministers have announced bigger-than-expected increases to the National Minimum Wage and National Living Wage.
The minimum wage, or national living wage for over-21s, will rise from £11.44 to between £12.12 and £12.20 from next year, The Times reported. The Low Pay Commission, which advises the ...
The National Living Wage is implemented via an amendment to National Minimum Wage Act 1998. [5] The National Living Wage was phased in between April 2016 and April 2020, with the aim of reaching 60% of median UK earnings by 2020. For over-25 year old employees, the wage began at £7.20 per hour in April 2016 and was projected to rise to at ...
An increase in the National Minimum Wage from £9.50 to £10.42 an hour for all those aged 23 or over from April 2023 [18] A 10.1% rise in state pension, means tested benefit and disability benefit payments, increasing them in line with inflation [18] The triple lock for calculating the basic state pension is retained [15]