UK National Living Wage to Rise by 6%
UK National Living Wage to Rise by 6%
UK National Living Wage to Rise by 6%
News summary

Over a million low-paid workers in the UK are expected to receive a 6% pay increase as the national living wage is set to rise from £11.44 to £12.10 per hour by April 2025, following the Labour government's push for a 'genuine living wage.' The Low Pay Commission, which advises on wage rates, noted that the increase is necessary to keep up with the cost of living and ensure wages do not fall below two-thirds of median earnings. British average weekly earnings excluding bonuses rose by 5.1% in the three months to July, slightly affecting the unemployment rate, which edged down to 4.1%. The formal announcement regarding this wage increase will be made during the government's Autumn Statement on October 30.

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