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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.
22 Jan 2025
Data published by the Office for National Statistics (ONS) recently showed that UK exports fell flat towards the end of last year.
21 Jan 2025
The International Monetary Fund (IMF) has upgraded its growth forecast for the UK economy this year.