Minimum wage will be raised to 9.50 pound an hour from April : UK
The minimum wage in the UK will be raised to 9.50 pound an hour from April next year. Those over the age of 23 are eligible for this minimum wage. The current minimum wage is 8.91 pound per hour. This is going to be nine and a half pounds from April. At the current exchange rate, this is equivalent to an average of 1,000 Indian rupees.
Under the new increase, a full-time employee will receive a salary increase of 1,074 pound a year. Chancellor Rishi Sunak will make an official announcement in the budget to be presented in Parliament this week. The government is preparing for such a decision based on the recommendations of the Pay Commission and the Independent Advisers.
The decision will give a 6.6 per cent increase in salaries to those over 23 years of age. This increase will be a great boon for workers as the cost of living has risen by an average of 3.1 per cent. The government is making a decision to provide relief to those who are suffering in the employment sector due to Covid.
The minimum wage for 21- to 22-year-olds will rise from 8.36 an hour to 9.18 pound from April. Apprenticeship pay will increase from 4.30 to 4.81 pound per hour.
The minimum wage for 18- to 20-year-olds will be raised from 6.56 to 6.83 pound. There is also an increase for those under 18 years of age. Their salary, which was 4.62, will rise to 4.81 pound. The Chancellor will present the budget in Parliament on Wednesday morning.
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