People on the National Living Wage are due to get a pay rise of more than £1,000 next April.
That’s because the Chancellor says he’ll accept the Low Pay Commission’s recommendations – due to be announced in November. Based on the Commission’s latest forecasts, this would see the National Living Wage increase to more than £11 an hour from April 2024, and would mean the annual earnings of a full-time worker on the National Living Wage will increase by over £1,000 next year.
People currently aged 23 and over are eligible for the National Living Wage, with over two million workers on low pay set to benefit from the increase, and will apply to more than 300,000 people in Yorkshire and the Humber.
Each year, the independent Low Pay Commission produces recommendations to the Government on National Living Wage and National Minimum Wage rates. This year it is due to make recommendations for the rates that will take effect from April 2024, based on their remit which sets a target for the National Living Wage to reach two-thirds of median earnings by 2024 for workers aged 21 and over, taking economic conditions into account.
