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National Minimum Wage rates apply to employees up to the age of 20 (22 before 1 April 2024).
National Living Wage (NLW) rates apply to employees 21 and over (23 and over before 1 April 2024).
The Apprentice rate applies to apprentices under 19, or 19 and over in the first year of apprenticeship.
Penalties apply to employers who fail to pay minimum wages.
20 Dec 2024
UK interest rates will remain at 4.75% after the Bank of England voted to hold borrowing costs.
19 Dec 2024
Think tank the Resolution Foundation recently stated that whilst the UK's economic slowdown is affecting employment, it isn't yet affecting workers' pay packets.