Minimum Wage 2024 Uk Increase

Minimum Wage 2024 Uk Increase. The minimum wage is to increase by more than a pound to £11.44 per hour from april next year. To do this, we project a range for next year’s national living wage (nlw, the minimum wage for workers aged 21 and over).

The 2024 nlw rate is £11.44, a 10 per cent increase in cash terms on the 2023 nlw (£10.42). In april 2024, the uk is set to witness an increase in the national minimum wage (nmw) by almost 10%, which will present significant challenges for small.