Lower-paid workers will receive a 6.2% pay rise with a new National Living Wage of £8.72 per hour, effective from 1 April 2020.
Nearly 3 million workers are set to benefit from the increases to the National Living Wage (NLW) and National Minimum Wage (NMW) rates for younger workers, according to estimates from the independent Low Pay Commission. The rise means Government is on track to meet its current target for the NLW to reach 60% of median earnings by 2020.
Clients of threesixty are kept up to speed with the latest regulatory, industry and technical developments via our regular news and opinions articles.
As well as being updated via the articles we publish to threesixty online, clients can specify to us what type of articles they want to receive (by category) and how frequently they receive them.
To try this service, simply register your details with us and we'll give you 3 months free and unlimited access to our news and opinions.