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The Government announced today that national minimum wage is to rise by 19p an hour to £6.50 for those over 21 and by 10p to £5.13 for 18-to-20-year-olds from October 2014.
Business Secretary Vince Cable said he had accepted the recommendations from the Low Pay Commission that the minimum wage should increase by 3%, saying “The recommendations I have accepted today mean that low-paid workers will enjoy the biggest cash increase in their take-home pay since 2008”.
The increase for those over 21 now exceeds inflation, as measured by the Consumer Prices Index, which stands at 1.9%. All other rates increase by 2%.
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1 October 2014 |
1 October 2013 |
| Aged 21 or over |
£6.50 |
£6.31 |
| Aged 18 - 20 |
£5.13 |
£5.03 |
| Aged 16 - 17 (above school leaving age but under 18) |
£3.79 |
£3.72 |
| Apprentice rate aged 19 or in their first year |
£2.73 |
£2.68 |
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