Government confirms increase to National Living Wage and National Minimum Wage in April 2023
News | 22 November 2022
- Written by
- Elliott Flockhart, Solicitor
The Government has confirmed an increase to the National Living Wage (NLW) which will be implemented from 1 April 2023.
The NLW, which applies to all workers aged 23 and over, will increase by 92 pence (9.7%), from £9.50 to £10.42 per hour. In line with the Low Pay Commission’s (LPC) recommendations, the Government has also announced the National Minimum Wage will increase for younger workers. The following will be introduced on 1 April 2023:
- a £1 increase for those aged 21-22, from £9.18 to £10.18 per hour;
- a 66p increase for those aged 18-20, from £6.83 to £7.49 per hour;
- a 47p increase for those aged 16-17, from £4.81 to £5.28 per hour; and
- a 47p increase in the apprentice rate, from £4.81 to £5.28 per hour.
These recommendations, put forward by the LPC, ensure the NLW remains on track to achieve the Government’s target of two-thirds of median earnings by 2024, and supports the wages and living standards of low-paid workers at a time of financial hardship for many living in the United Kingdom.
If you need assistance or advice on the contents of this article, please contact the Employment Team at Thackray Williams LLP 020 8290 0440.
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