What is the new UK national wage and how much is it rising today

That National minimum wage has increased for workers across the UK.

Rishi Sunak announced the change in the budget for 2021with the increase arrives around the time that the energy price ceiling is risingand households receive a municipal tax rebate to reduce the rising costs.

But there are still questions about whether the hike will be enough to support families facing one cost of living crisiswhere the energy ceiling increase is to take effect this month.

But what is the new rate? Here’s everything you need to know.

What is the new minimum wage?

The national minimum wage and the national level wage will increase, which will affect around 2.5 million UK workers, according to the Department of Business, Energy and Industrial Strategy.

It was confirmed in budget for 2021 that National Living Wage will increase to £ 9.50 from 1 April 2022 – equivalent to an extra £ 1,000 a year for a full-time employee.

Sir. Sunak said at the time: “This is a government that is on the side of the working people. This wage increase ensures that we get work to pay off and stays on track to achieve our goal of stopping low wages by the end of This Parliament. “

The whole range of increases:

  • National Living Wage – new rate: £ 9.50, increase: 6.6 per cent
  • 21-22 year old rate – new rate: £ 9.18, increase: 9.8 per cent.
  • 18-20 year old rate – new rate: £ 6.83, increase: 4.1 per cent.
  • 16-17-year-old rate – new rate: £ 4.81, increase: 4.1 per cent.
  • Apprenticeship rate – new rate: DKK 4.81, increase 11.9 per cent
  • Accommodation compensation – new rate: £ 8.70, increase: 4.1 per cent

As wage rates rise on Friday, workers are advised to visit checkyourpay.campaign.gov.uk to check if they are being paid properly and get advice if they are not.

These recommendations came from the Low Pay Commission – an independent advisory committee – before they were accepted by the government and confirmed on October 25, 2021.

What has been the reaction?

Bryan Sanderson, chairman of the Low Pay Commission (LPC), welcomed the increases.

He said: “The strong support of the Business Secretary is especially welcome in this difficult time.

“Employees on the minimum wage care for our elderly and sick, harvest and deliver our food and perform a wide range of other tasks that help us all.

“They all deserve to be duly rewarded and respected as key members of our society.”

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But while higher wages are welcome, they are unlikely to make the big dent in terms of persistent cost of living crisis.

Energy bills are set to rise dramatically as the price cap rises from £ 1,277 to £ 1,971 from Friday 1 April.

Grocery costs, social insurance contributions and VAT on food and drink are all set to rise at the same time, meaning consumers will be without money.

The minimum wage is rising (Photo: Dominic Lipinski / PA Wire)

Jamie Mackenzie, director of the staff compensation company Sodexo Engage, said: “According to the Trades Union Congress, energy bills is expected to rise at least 14 times faster than wages this year, more than lifting the rise in the minimum wage increase and in return leaving households financially vulnerable.

“As such, the minimum wage increase may not prove to be enough to shield all employees from rising prices, and employers must do their part to ease their financial pressures where they can.

“Our data showed that employees can save over £ 1,600 from benefits alone, showing that discounts in supermarkets or online cashbacks and e-vouchers can help a workforce that is in a pinch.”

Shadow’s chief secretary of the Treasury, Bridget Phillipson, said the increase was an “overwhelming offer”.

“Much of it will be swallowed up by government tax increases, universal credit cuts and a lack of grip on the energy bill,” the Labor MP said.

“It is clear that Labor is the only party that seriously takes care of improving the prospects for working people.”

What is the right living wage?

In addition to the national living wage, there is also an unofficial and voluntary “real living wage”.

This is calculated by The Fund for Life Wagesa campaign organization, and is based directly on cost of living.

According to the fund, the “real” living wage is currently £ 9.90 an hour for workers across the UK and £ 11.05 in London, almost a pound above the mandatory National Living Wage.

About 9,000 employers are currently enrolling in the scheme, including Google, Nationwide, Aviva and the football clubs Chelsea and Everton.

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