National minimum wage to rise to £6.70

The national minimum wage (NMW) for adults will increase by 20p to £6.70 on 1 October 2015, the government has announced.
This represents the largest real-terms increase in the NMW in 8 years.
The apprentice rate will also see a record increase of 57 pence to £3.30. The government has rejected the recommendations of the Low Pay Commission, which argued that the rate should rise by 8 pence to £2.80.
Business Secretary Vince Cable has also announced the launch of a new online tool that will enable businesses and individuals to compare wage rates across sectors, regions and occupations.
NMW rates from 1 October 2015:
• the adult rate will rise 3% to £6.70
• the apprentice rate will rise from £2.73 to £3.30
• the rate for 18-20 year-olds will rise from £5.13 to £5.30
• the rate for 16-17 year-olds will rise from £3.79 to £3.87.

6th April 2015

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