A total of 2.7million workers are set to benefit
Treasury has confirmed that millions of workers in Britain will see their pay jump in days as minimum wages increase to £12.71 an hour.
Following the Spring Statement, the Treasury confirmed that the National Living Wage will go up to £12.71 an hour for workers aged 21 and over from April 1, which is 50p more than its current level of £12.21 an hour.
This means that the average salary of a minimum wage worker will bump from £25,397 to £26,437 a year.
Based on a 40-hour working week, this will give workers an extra £1,040.
In the meantime, 18 to 20-year-olds will see their pay increase by 8.5% from £10 to £10.85 an hour.
For 16 to 17-year-olds and apprentices, the National Minimum Wage will rise by 6% from £7.55 to £8 per hour.
The Treasury said that easing the cost of living is the “government’s number one focus”, adding: “That’s why we are boosting the minimum wage for millions of workers”.
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