Top rate of National Minimum Wage to increase to £10.42 per hour

Caroline Cobain
Legal Director
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The Chancellor, Jeremy Hunt, has confirmed, in his Autumn statement this afternoon, that the National Living Wage (which is the top rate of National Minimum Wage for those aged 23 or over) will be increased from £9.50 per hour to £10.42 per hour from April 2023.

Workers are entitled to the National Living Wage when they are 23 years old or more and the Chancellor has said that this rate increase represents an annual pay rise worth over £1,600 to such full-time workers. This will be a sizeable and, likely, challenging increase for many employers who are paying staff at National Living Wage rates.

The National Living Wage goes up every April, but the new rates have been announced months in advance to allow employers to prepare.

If you have any questions about this announcement, or you need support or advice on any employment law matter, please don’t hesitate to contact a member of our team on 0141 331 5150.

Topics: National Minimum Wage, Wages