Nov 23, 2016
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National Living Wage to rise to £7.50 in 2017

Nov 23, 2016

The living wage for workers aged 25 and over will increase next year from £7.20 per hour to £7.50, announced the Chancellor, Philip Hammond, in his Autumn Statement to Parliament on Thursday.

This will mean an additional £1,400 a year for a full-time worker who was previously earning the national living wage.

Minimum wages will also increase for 21 to 24 year olds from £6.95 per hour to £7.05, for 18 to 20 year olds (from £5.55 per hour to £5.60) and for apprentices (from £3.40 per hour to £3.50).

Katherine Champan, Director of the Living Wage Foundation, said: "We welcome any pay rise for low paid workers especially now in these uncertain times with speculations about food and other prices set to rise. The reality however is that fifth of UK workers aren't paid enough to live on. There's still a gap between the government minimum and our real Living Wage of £8.45 in the UK and £9.75 in London which is based on what family's need to earn to meet everyday costs. We encourage as many businesses who can to join our movement of 3000 UK employers who are going further to pay a real Living Wage because a hard day's work deserves a fair day's pay."

Companies that have made a commitment to paying the Living Wage include Burberry, Oliver Bonas and Lush.

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