Brief by Shorts91 Newsdesk / 06:43pm on 29 Oct 2024,Tuesday International
The UK government will raise the minimum wage for adults aged 21 and over by 6.7% to £12.21 per hour starting April 2025, providing full-time workers with an annual boost of £1,400. Younger workers will see even larger increases, with pay for 18-20-year-olds rising 16.3% to £10, and apprentices and under-18s receiving an 18% bump to £7.55. Chancellor Rachel Reeves emphasized that this increase aligns with the government's pledge to create a fair wage structure. However, concerns over national insurance hikes persist, raising questions about business viability and potential impacts on investment.
