The government will increase the National Living Wage (NLW) and National Minimum Wage from 1 April 2023 as follows:the rate for 23 year olds and over to £10.42 an hourthe rate for 21-22 year olds to £10.18 an hourthe rate for 18-20 year olds to £7.49 an hourthe rate for 16-17 year olds to £5.28 an hour andthe apprentice rate to £5.28 an hour.This represents an increase of over £1,600 to the annual earnings of a full-time worker on the NLW and is expected to benefit over two million low paid workers.