National Living Wage Increases
The Government has announced that from 1st April 2024 the National Living Wage (Minimum Wage) will increase to £11.44 per hour for workers in the UK aged 21 and over. This is a rise of 9.8%.
Workers under 21 and apprentices on the National Minimum Wage will see a rise in their salaries to £6.10 per hour.
This will be a welcome increase for employees, particularly given the recent rates of inflation, but employers have voiced concern that this is going to increase their overheads still further.
Employers who do not pay the National Living Wage can be subject to enforcement action by HM Revenue & Customs. As well as taking legal action, HMRC can name-and-shame employers who break the National Living Wage law.