As announced last year, the adult rate of the NMW is to be extended to 21-year-olds when the new rates come into effect in 1 October.
The revised rates are as follows:
The adult hourly rate of the NMW will increase from £5.80 to £5.93;
The development rate (which will cover workers aged 18-20 years) will increase from £4.83 to £4.92; and
The rate for 16-17 year olds will increase from £3.57 to £3.64.
The Government also announced that it has accepted the LPC’s recommendation to introduce an apprentice minimum wage of £2.50 per hour. The new rate will apply to those apprentices who are under 19 or those who are aged 19 and over but in the first year of their apprenticeship.