
National Living Wage increases to £12.71 per hour
The 18-20 year old rate increased to £10.85 per hour, an increase of 85p, or 8.5%.

The 18-20 year old rate increased to £10.85 per hour, an increase of 85p, or 8.5%.

The warning from Capital on Tap comes as updated wage rates are set to be introduced at the start of the new tax year.

This change is part of the Government's "Make Work Pay" initiative, which aims to ensure that the minimum wage is a genuine living wage for all and eliminate age-based pay disparities.
The changes include a record cash increase to the National Minimum Wage for younger workers and apprentices.

From 1st April this year, the National Living Wage (for those aged 21 and over) will rise by 6.7% to reach £12.21 per hour.

The John Lewis Partnership announced a £114m investment in pay for 65,000 partners across the business this year.

A further four million workers could benefit from the positive spill-over impacts of the rate increases.
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