UK's National Living Wage to Increase by 9.7% on April 1st.

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The National Living Wage (NLW) will increase by 9.7% to £10.42 from 1st April, benefiting workers aged 23 and over across the UK.

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21-22-year-olds will receive a pay rise of 10.9% to £10.18 per hour, while younger workers and apprentices will also see their pay increase by 9.7%.

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In autumn, the Government was recommended by the LPC to increase the NLW.

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The increment of the NLW is a noteworthy measure in attaining the administration's 2024 goal of reaching two-thirds of the median earnings.

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From 23rd March to 9th June 2023, LPC is conducting a consultation regarding the National Minimum Wage rates for April 2024 and the following years.

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Even though economic conditions are turbulent, unemployment remains low and the NLW increase is not expected to have a harmful effect.

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