National Living Wage increase, continued

As I wrote on Monday,The National Living Wage was increased from that day, raising the living standards of millions of people and providing more incentive to work - more reward for those who make a contribution to the economy.

This was the biggest ever increase to the National Living Wage, boosting the incomes of 1.8 million people by £690 a year.


Key facts: 

  • The National Living Wage went up on Monday by the highest rate since it was first introduced in 2015, increasing by almost 5 per cent to £8.21 per hour.
  • This year, full-time workers receiving the National Living Wage will be more than £2,750 better off a year compared to 2015.
  • The National Minimum Wage is also increasing, bringing the total number of people who will be better off to 2.1 million.
  • Since 2015 the National Living Wage has helped protect the lowest paid – increasing faster than inflation and average earnings.

Why this matters: 

The Conservatives are determined to end low pay and ensure workers get a fair day’s pay for a fair day’s work. Our minimum wage rates are among the highest in the world, and our modern Industrial Strategy will continue to protect the UK’s lowest paid workers.

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