9 Jul 2021
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Minimum wages in the UK 2021
8 July 2021 – In the UK the minimum wage permitted by law relies upon compensation every hour, appropriate to all sectors in the UK. The public authority reviews pay in the UK consistently in April. All UK organizations should pay the national minimum wage (NMW) permitted by law to labourers up to the age of 23. For labourers older than 23 years old, the national UK living wage (NLW) rather applies; this is around 30 pence higher than the NMW.
A national minimum wage (NMW) was brought into the United Kingdom in 1999 as part of New Labour's dynamic work market approach. The level has been increased on a few occasions since then. The impact of the national minimum wage (NMW) has varied across industries, with it affecting the hotel and catering sector the greatest .The introduction of the national living wage has delivered a solid pay rise to minimum wage workers
The UK has a moderately high minimum wage, in terms of monetary value, compared with other OECD countries. In 2019, the UK had the eighth highest adult minimum wage out of 25 OECD countries after taking into account differences in the cost of living.
The coronavirus pandemic has had a major impact on the minimum wage workers. In excess of 800,000 of minimum wage labourers worked in sectors that shut at some point during the coronavirus pandemic. Learn more about the UK’s minimum wage