National Minimum Wage to rise from October
The National Minimum Wage is set to rise from the 1st of October 2013, benefitting more than 890,000 of Britain’s lowest-paid workers.
On this date the adult rate will increase by 12p to £6.31 an hour, the rate for 18-20 year olds will increase by 5p to £5.03 an hour, 16-17 year olds will increase by 4p to £3.72 an hour and the apprentice rate will increase by 3p to £2.68 an hour.
The accommodation offset will also increase from the current rate of £4.82 to £4.91.
Business Secretary Vince Cable said, “The National Minimum Wage is a vital safety net in protecting the low paid. Each year, the LPC carries out a huge amount of detailed and valuable work to make sure they recommend a rate that supports people on low pay without damaging their chances of getting a job.
“But as signs of an economic recovery start to emerge, we need to do more to make sure that the benefits of growth are shared fairly across the board.
“That is why in addition to their ongoing annual remit, I am asking them to extend their expertise to help the government and business understand how we can deal with the issue of low wages in the economy. In particular I have asked them to look at what economic conditions would be needed to allow the National Minimum Wage to rise in the future by more than current conditions allow.”
In addition, from 1 October employers who fail to pay the National Minimum Wage (NMW) will be publicly named and shamed under revamped plans announced last month to make it easier to clamp down on rogue businesses.