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Autumn Budget 2018 – Rise in National Living Wage
29th October 2018
Chancellor Philip Hammond has announced that the rates of the National Living Wage and National Minimum Wage are rising from 1 April 2019.
The hourly rates will increase in April 2019:
- from £7.83 to £8.21 for workers aged 25 and over (the National Living Wage)
- from £7.38 to £7.70 for 21-24 year olds
- from £5.90 to £6.15 for 18-20 year olds
- from £4.20 to £4.35 for 16-17 year olds
- from £3.70 to £3.90 for apprentices aged under 19 or in the first year of their apprenticeship.
The government accepts the Low Pay Commission’s recommendation of an increase to the National Living Wage rate such that it remains on path to reach 60% of median earnings by 2020.
The National Minimum Wage youth rates will be increased above the rates of inflation and of average earnings.
See our Budget briefing for other announcements in the Budget
If you would like to discuss the impact of these rises for your business, please contact your usual Bishop Fleming adviser.
