The Chancellor's Autumn Statement disclosed that the national minimum wage (NMW) and the national living wage will be increased from 1 April 2017 as follows:
- National living wage (age 25 and over) will increase from £7.20 to £7.50.
- Standard adult NMW rate (age 21 to 24) will increase from £6.95 to £7.05.
- Development NMW rate (age 18 to 20) will increase from £5.55 to £5.60.
- Young workers NMW rate (age 16 to 17) will increase from £4.00 to £4.05.
- Apprentice NMW rate (age under 19 or in the first year of an apprenticeship) will increase from £3.40 to £3.50.
- Daily accommodation offset will increase from £6.00 to £6.40.
The announcement represents a 4% rise in the minimum wage for the over 25's.
National living wage to rise to £7.50, Chancellor confirms. Autumn Statement confirmed that the national living wage will rise to £7.50 per hour from April 2017.