HomeAbout UsBusinessPersonalNews & ArticlesContactReceived a debt collection letter?Download our 'Income and Expenditure' form here

National Minimum Wage rates to rise in April 2023

Posted
December 13, 2022
Employment Law

Last month we reported on increases in the ‘real Living Wage’. This month, we’ve found out that the National Minimum Wage (NMW) is also on the up.

What’s happening and when?

In Jeremy Hunt’s recent Autumn Statement, he confirmed that the government would be accepting the recommendations of the Low Pay Commission in relation to the revision of our NMW rates. As a result, with effect from 1 April 2023, rates will increase as follows:

• National Living Wage (age 23 and over) rises from £9.50 to £10.42

• NMW rate for those aged 21 to 22 rises from £9.18 to £10.18

• NMW rate for those aged 18 to 20 rises from £6.83 to £7.49

• NMW rate for those aged 16 to 17 rises from £4.81 to £5.28

• Apprentice rate rises from £4.81 to £5.28

• ‘Accommodation offset’ rises from £8.70 to £9.10

Is this enough?

With almost all NMW rates going up by about 10%, this will represent a significant increase in the wages of the UK’s lowest paid workers. Some have voiced concerns about whether squeezed British businesses can afford the hike. However, others will have observed that despite these increases, the National Living Wage rate will still fall well short of the ‘real Living Wage‘, as measured by the Living Wage Foundation. As a result, it may that as a consequence of these increases, both employers and employees will be left disappointed.

Can we help?

If you want to discuss your responsibilities or entitlements under national minimum wage legislation, please get in touch

Share this article

Have you read our other blogs?

Domestic abuse and non-molestation Injunctions

Posted
Read More

SSP and family-friendly payment rates are on the rise

Posted
January 16, 2023
Employment Law
Read More
View all Articles

Stay up to date with stevensdrake

Simply fill out your details below to receive stevensdrake's monthly newsletter, including regular topical articles, tips and upcoming events.
Thank you! Your submission has been received!
Oops! Something went wrong while submitting the form.