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New minimum wage rates approved

The government has confirmed the new rates for the minimum wage in the UK, which will affect all employers as of October 1st this year.

Accepting the independent Low Pay Commission's (LPC's) recommendations for this year's rates, the Department for Business, Innovation and Skills confirmed that the adult rate - for anyone aged 21 or over - of the national minimum wage will increase by 12p to £6.31 per hour.

For those aged 18 to 20, the going rate will increase by 5p to £5.03 for every hour worked while the hourly salary for 16 and 17-year-olds on minimum wage will go up by 4p to £3.72.

As business secretary Vince Cable accepted the changes, chair of the LPC David Norgrove said he welcomed the government's decision to do so, adding that he was delighted the coalition would be working with the LPC to tackle incidences of non-compliance within companies not paying staff a fair wage.

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Posted by Nikki BarristerADNFCR-1617-ID-801575092-ADNFCR