Almost 28,000 Coventry and Warwickshire workers will see a pay raise thanks to last week’s minimum wage hike. Estimates from the Low Pay Commission (LPC) suggest that 27,900 workers in Coventry and Warwickshire currently receive the minimum rate of pay. That’s equivalent to 12.2 per cent of all employees over the age of 16 in Nuneaton and Bedworth, 7.2 per cent in Rugby and 6.9 per cent in Coventry. In North Warwickshire 6.3 per cent are on the minimum wage, while in Stratford-on-Avon and Warwick an estimated 4.6 per cent are. That number includes people on the National Minimum Wage and the National Living Wage. The National Living Wage is the minimum wage for workers aged 25 and over that was introduced by George Osborne in April 2016. The figures come from the LPC's 2018 Report, which made the wage-rise recommendations which came into place on Monday. Workers on the National Living Wage will notice a pay rise from £7.83 to £8.21 an hour when they receive their … [Read more...] about Minimum wage rise
National minimum wage 2018
All minimum wages in the UK have risen, which means more than thousands workers in Nottinghamshire are in for a treat next pay day. The figures come from the Low Pay Commission's (LPC) 2018 report, which suggests that 46,200 workers across the county currently receive the minimum rate of pay. In Nottingham this will affect over 15,000 people, who currently receive the minimum pay packet. The LPC put forward the pay rise recommendations, which were put into action on Monday, April 1. The National Minimum Wage, which celebrates its 20th anniversary this year, is set to go up from £7.38 to £7.70 for those aged 21 to 24. The equivalent of an extra £48 a month, or £624 a year. For those aged over 25 and receiving the non-compulsory National Living Wage, introduced by George Osborne in 2016, pay will be going up from £7.83 to £8.21 an hour. For those working 37.5 hours a week, that's an extra £57 in next month's pay slip, or £741 over the year. Between … [Read more...] about More than 45,000 Notts workers set for pay rise as minimum wage goes up
It's pay rise day for millions of workers in Britain - and today the National Living Wage jumps to £8.21 an hour. This is the hourly rate for those aged 25 or over and working in Britain - however, rates for 16-24-year-olds will also go up. Elsewhere, the pay for apprentices will rise by an extra 20p an hour. The new rates were announced in Chancellor Philip Hammond's 2018 Budget when he announced how much it's set to rise in 2019. However, it's not linked to the Voluntary Living Wage - a rate based on inflation, and completely separate from the Government's bands. Right now the real living wage is £9 an hour across the UK and £10.55 in London. How much is the National Minimum Wage going up by in April 2019? Wages rise for all workers today - 1 April 2019. Apprentices will have to be paid (at least) £3.90 an hour, under-18s, £4.30 an hour, under-20s, £6.15 an hour and under-24s, £7.70 an hour. Those aged 25 and over must be paid a minimum of … [Read more...] about Happy Monday! 2million people just got a pay rise as National Living Wage rises
Millions of workers are set to see their pay jump in April as the National Living Wage jumps to £8.21 an hour. This is the hourly rate for those aged 25 or over and working in Britain. The minimum wage for those aged 16-24 also will also go up, while the pay for apprentices will go up by an extra 20p an hour. The new rates were announced in Chancellor Philip Hammond's 2018 Budget when he announced how much it's set to rise in 2019. It comes after Theresa may pledged to end austerity at the Conservative conference in September, saying "a decade after the financial crash, people need to know that the austerity it led to is over and that their hard work has paid off". However the new rates haven't gone down well with critics. Union the TUC described the Government's pay rise as a slap in the face for hard-pressed workers. General Secretary Frances O’Grady, said "families can’t make ends meet without being forced into the red," and the Government must address this. … [Read more...] about At least 2 million people to get a pay rise next month as minimum wage rises
ALL workers received a pay boost when the National Living Wage was increased on April 1, 2018. But Chancellor Philip Hammond has announced a further increase for some workers from 2019 - here's what you need to know. What is the National Living Wage and when was the 2018 increase? The National Living Wage is the amount of money all employees aged over 25 are legally entitled to. It used to be known as the National Minimum Wage, but it was re-branded in 2016. The National Living Wage increased from £7.50 to £7.83 for those aged 25 and over. The 33 pence-an-hour rise was introduced on Sunday April 1, 2018. From April 2019, the National Living Wage will increase by 38 pence-an-hour to £8.21. The compulsory National Living Wage was introduced in 2016. The first National Minimum Wage was set in 1998 by the Labour government. Before that, no official rate existed although trade unions battled hard to fight their workers' corner. In Budget 2018, Chancellor Hammond … [Read more...] about What is the National Living Wage 2019, how much is the UK minimum wage for 16, 18 and 25-year-olds and when did it increase?