National Living Wage rises to £13.20 for workers aged 21 and over
Summarised from 4 outlets · Updated 28 Oct, 13:29 · Archive
Chancellor John Healey has announced a 3.9% rise in the National Living Wage, increasing the rate for workers aged 21 and over from £12.71 to £13.20 an hour.
Chancellor John Healey has announced a 3.9% rise in the National Living Wage as part of his Budget statement. The rate for workers aged 21 and over will increase from £12.71 to £13.20 an hour. The change affects 2.3 million of the lowest-paid workers and is intended to help ease cost-of-living pressures.
Mr Healey said: 'For 2.3 million of our lowest paid workers, I am increasing both the national minimum wage and the national living wage by 3.9%.' He framed the Budget around three priorities: giving Britain 'breathing space on the cost of living and the cost of business'; backing British business to 'unleash innovation and growth in every postcode'; and tackling challenges including energy, national security, public service transformation and housing.
The announcement concerns the Government's National Living Wage, which is the legal minimum employers must pay eligible workers aged 21 and over. This differs from the real Living Wage, a voluntary rate calculated independently to reflect the cost of living. The real Living Wage currently stands at £14.10 an hour across the UK and £15.45 in London, and is a voluntary employer commitment covering workers aged 18 and over.
Nearly 17,000 employers, including IKEA, KPMG and LUSH, have signed up to pay the real Living Wage according to the Living Wage campaign. The key distinction is that the Government's National Living Wage is a legal minimum, while the real Living Wage is a voluntary benchmark based on actual living costs.
How it is being reported
- Cumbria workers set for pay boost as minimum wage rises to £13.20Chancellor John Healey has announced a 3.9% rise in the National Minimum Wage and National Living Wage, affecting 2.3 million of the lowest-paid workers.NW Evening Mail · 28 Oct, 13:18
- Cumbria workers set for pay boost as minimum wage rises to £13.20Chancellor John Healey has announced a 3.9% rise in the National Minimum Wage and National Living Wage, affecting 2.3 million of the lowest-paid workers.Westmorland Gazette · 28 Oct, 13:18
- Cumbria workers set for pay boost as minimum wage rises to £13.20Chancellor John Healey has announced a 3.9% rise in the National Minimum Wage and National Living Wage, affecting 2.3 million of the lowest-paid workers.News & Star · 28 Oct, 13:18
- Cumbria workers set for pay boost as minimum wage rises to £13.20Chancellor John Healey has announced a 3.9% rise in the National Minimum Wage and National Living Wage, affecting 2.3 million of the lowest-paid workers.Whitehaven News · 28 Oct, 13:18
In this story: John Healey · IKEA · KPMG · LUSH · Cumbria · UK · London
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