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Business Update
07 January 2020
Type
Written Ministerial Statement
Department
Department for Business, Energy and Industrial Strategy
At a Glance
Issue Summary
The statement discusses the acceptance of the Low Pay Commission’s recommendations for new National Living Wage and National Minimum Wage rates.
Action Requested
The Government accepts all of the Low Pay Commission’s recommendations, including an increase to £8.72 per hour for the National Living Wage in April 2020, benefiting over two million workers. The youth rates will also increase by between 4.6% and 6.5%. Implementing regulations will be laid before Parliament.
Key Facts
- New National Living Wage rate of £8.72 will come into effect from April 2020.
- Increase in the National Living Wage is aimed at reaching 60% of median earnings by 2020 and two-thirds within five years, if economic conditions allow.
- The youth rates for National Minimum Wage are set to increase by between 4.6% and 6.5% from April 2020.
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