UK Lifts National Living Wage by Almost 10% to £11.44 an Hour
(Bloomberg) -- The UK will increase the national living wage by almost 10% to £11.44 ($14.34) an hour next year, the Treasury said on Tuesday, in a boost to the country’s lowest earners.
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That’s up from £10.18 this year and means a full-time worker on the living wage will get a pay rise of more than £1,800 a year, the Treasury said in an emailed statement. The move will “end low pay in this country,” Chancellor of the Exchequer Jeremy Hunt said.
The rise had been expected, with Hunt telling the Conservative Party conference early last month that he would raise the national living wage to at least £11 an hour.
Some 2.7 million workers will benefit, according to figures from the Department for Business and Trade.
The announcement plays a part in the government’s efforts to get people back into work ahead of the Autumn Statement due to be delivered by Hunt on Wednesday.
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