Minimum wage to go up from next April
The Metro says Boris Johnson will announce a rise in the minimum wage to £9.42 an hour ‘within weeks’, it has been reported.
The hike would mean the annual earnings of someone on the ‘national living wage’ — the minimum wage paid to people over the age of 23 — would increase by 5.7%.
Currently, the hourly rate for workers in that bracket is £8.91 – equivalent to an average annual salary of just over £16,000.
To someone working 35 hours per week, the increase would be worth an extra £928 a year before tax, or around £77 a month.
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