In July 2015 the Chancellor of the Exchequer announced that the UK Government will introduce a compulsory minimum wage premium for all staff over 25 years of age, and referred to it as the ‘national living wage’. This is aimed to boost the wage of society’s poorest workers.
The national living wage was introduced 1st April 2016. From this date, workers aged 25 or over will be entitled to £7.20 per hour, a 50p increase. The government is committed to increasing the NLW every year so this would mean a rise to around £9 per hour by 2020.
Research carried out by the Government found that 70% of employees aged 25 and over and earning less than £7.20 per hour will feel more positive once the National Living wage is introduced.
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