Minimum wage rates will increase, described as a ‘significant step’ by the Chancellor.
Millions of workers will receive a pay rise on April 1 when the statutory minimum rates increase in a move unions believe will help boost economic growth.
From April 1, the national living wage will increase for everyone employed aged 21 and over, giving a pay rise of up to £1,400 over the course of a year, based on a 35-hour working week. “Setting out a path to end the outdated and unfair youth rates will give young workers a boost up and down the country.
“A decent minimum wage rise gives low-paid workers greater spending power, which they can spend on their local high streets.Rachel Harrison, GMB national secretary, said: “A much-needed wage rise for millions of low-paid workers is welcome. Campaigners pointed out that the rates were still below the voluntary so-called real living wage of £12.60 an hour and £13.85 in London, which applies to all workers aged 18 and over.
Baroness Philippa Stroud, who chairs the Low Pay Commission, said: “These rates secure a real-terms pay increase for the lowest-paid workers.
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