The Chancellor has announced in the Budget that there will be an increase in the National Living Wage (NLW) and National Minimum Wage (NMW) from next April 2022 in England and Wales. This among others was briefed beforehand and incurred the wrath of the speaker of the House of Commons.
The NLW will increase to £9.50 an hour up from £8.91 currently. This is an increase of 6.6% or 59 pence and paves the way for the NLW to be £10 or more in 2023.
The rates in full are:
National Living Wage for 23 years old and over £9.50
21 and 22 years old £9.18
18 – 20 years old £6.83
16 and 17 years old £4.81