The UK is set to see a substantial increase in wages as the government confirms the National Living Wage will rise to £12.21 for those over 21, reflecting a 6.7% growth. This adjustment aims to benefit millions, with the average full-time worker potentially earning an extra £1,400 annually. Notably, the National Minimum Wage for younger workers is also increasing, reaching £10 an hour for the first time, a 16% rise. The government, under Chancellor Rachel Reeves, emphasizes this as part of a commitment to eradicate age discrimination in wages and support the economy during a cost-of-living crisis.
For over-21s, the government has confirmed that the National Living Wage is set to rise to 12.21, up 6.7 percent from 11.44.
This pay boost for millions of workers is a significant step towards delivering on a genuine living wage that will support people with the cost of living.
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