The standard adult rate of the national minimum wage will increase on 1 October 2014 from £6.31 to £6.50 per hour, following the Low Pay Commission's recommendations to the government.
The other rate changes are:
- The youth development rate (for workers aged 18-20) will increase to £5.13 per hour;
- The young workers’ rate (for those aged 16-17) will rise to £3.79 per hour; and
- The apprentice rate will increase to £2.73 per hour.
Labour leader Ed Miliband has pledged to add an extra £1.50 to the standard rate by the end of the next Parliament if he becomes Prime Minister, which would raise it to at least £8.00 per hour by 2020.
A full list of current UK employment law rates and limits can be found here.