National Living Wage to rise by 6.7% to £12.21 for over 21’s & 16.3% to £10 for 18-20 year olds

Chancellor Rachel Reeves has today unveiled Labour’s first budget for 14 years in the Houses of Parliament, including two adjustments to the national minimum wage across the country.

Amongst her budgeting outline, Reeve’s announced that the National Living Wage is set to be increased by 6.7% to £12.21 an hour for over 21’s, whilst 18-20 year olds will see an increase in their National Living Wage by 16.3% to £10 an hour.

The national living wage changes will be amended and active from next April. For more information on the rest of the budget, check out the full breakdown here.