National Living Wage To Rise To £11.44 per hour

The Chancellor of the Exchequer, Jeremy Hunt, has announced ahead of tomorrow's Autumn Statement that the National Living Wage will rise by £1.02 per hour (9.8%) from £10.42 per hour to £11.44 per hour from the 1st April 2024. At the same time, the age threshold for receiving the National Living wage will be reduced from 23 years of age to 21 years of age, with those aged 21-22 years of age benefitting from an increase of £1.26 per hour (12.4%) from £10.18 per hour to £11.44 per hour. For those aged 18-20 years of age, the National Minimum Wage will rise by £1.11 per hour (14.8%) from £7.49 per hour to £8.60 per hour, whilst those aged 16-17 years of age (and those receiving the apprentice rate) will benefit from an increase of £1.12 per hour (21.2%) from £5.28 per hour to £6.40 per hour. The daily rate for the accommodation offset will rise by £0.89 (9.8%) from £9.10 to £9.99.