National Living Wage

The National Living Wage is the lowest wage workers in the United Kingdom aged 23 and over can be paid.  It was started on 1 April 2016. From April 2023 it is £10.42 per hour.

In April 2016 it was set at £7.20 per hour, and only for people over 25. It was expected to have its greatest impact in the retail, hospitality and healthcare industries.  Research published by the Resolution Foundation in March 2016 said it would immediately raise the incomes of people on minimum wage by 10.8% - about 4.5 million people. 

Related pages
Minimum wage

References

Category:United Kingdom law
Category:Economy of the United Kingdom