Growth in incomes - a nice edition that we all need
 
The Government has annoucned that as of April 1st 2022, the National Minimum Wage will be increasing. Workers on the minimum wage are set to get a pay boost from April, with the rate for those aged over 23 rising to £9.50 an hour from £8.91
 
The rise means a full-time worker will get £1,074 extra a year before tax. 
 
The government has faced pressure to help low-paid, younger workers, who are among the worst hit by the pandemic. 
The government has faced pressure to help low-paid, younger workers, who are among the worst hit by the pandemic.
The 6.6% increase in the minimum pay rate for those aged over 23 - known as the National Living Wage - is more than twice the current 3.1% rise in the cost of living. 
6.6% increase in the minimum pay rate for those aged over 23 - known as the National Living Wage - is more than twice the current 3.1% rise in the cost of living.

Summary - What are all the details?  

Minimim Wage increase as of April 1st 2022:  
 
National Living Wage for over-23s: From £8.91 to £9.50 an hour 
National Minimum Wage for those aged 21-22: From £8.36 to £9.18 
National Minimum Wage for 18 to 20-year-olds: From £6.56 to £6.83 
National Minimum Wage for under-18s: From £4.62 to £4.81 
The Apprentice Rate: From £4.30 to £4.81 
It's nice to have a little more money in the bank so we can spend time and money on the things that truly matter
The increase in wages is a joy for all I'm sure
Published by Callum Williams - Business Adminstrator and Marketer 

Sources 

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