
Employers warned of £20,000 fines ahead of April minimum wage increases
The warning from Capital on Tap comes as updated wage rates are set to be introduced at the start of the new tax year.

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

Earnings growth dips below 4% with real pay increases remaining limited.

Wage growth among UK SMEs rose sharply to 8.8% in February, as businesses face rising costs and prepare for incoming Employment Rights Bill reforms.

The latest REC Report on Jobs suggests pay growth is proving resilient, even as permanent placements remain in contraction territory.

46% of employees wanted access to their pay whenever they needed it, while 29% were neutral.

Around 17% of businesses said hourly wages increased in July compared to June, which was a sharp drop from April but in line with July 2024.

ONS data shows a drop of 149,000 payrolled employees in the year to June 2025, with vacancies down for the 37th consecutive period and unemployment edging higher.

The report showed 35% of British workers have thought about changing careers due to money worries.

Three out of four (75%) said inflation and the cost of living were their top financial worries, a study from LiveCareer found.

Baroness Phillippa Stroud said: “These naming rounds play an important part in ensuring that all workers receive their full wages."

Staff in England, Wales and Northern Ireland are still waiting for their pay rise, seven weeks after it was due.

The report found that among those regularly employed, only a quarter had stable pay, where monthly earnings stayed within 10% of their average.
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