UK's Healey says minimum wage to rise by 3.9%
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- ✓Britain's finance minister John Healey said on Wednesday that the main minimum wage rate would increase by 3.9%.
- ✓"For 2.3 million of our lowest-paid workers, I'm increasing both the national minimum wage and the National Living Wage by 3.9%," Healey said.
- ✓This change affects workers aged 18 and over.
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- Category
- BUSINESS
- Reported By
- Reuters
- Reading Speed
- 2 Minute(s)
- Market Focus
- India Economy
LONDON, Oct 28 (Reuters) - Britain's finance minister John Healey said on Wednesday that the main minimum wage rate would increase by 3.9%.
The rate paid to workers aged 21 and over, currently £12.71 an hour, and the rate payable to workers aged 18-20, now £10.85, will both rise by 3.9%. Some analysts and employers had blamed larger jumps in the rate for younger workers for increasing youth unemployment.
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The increase means the National Living Wage will increase to £13.21 an hour and the 18-20 National Minimum Wage will be £11.27.
"For 2.3 million of our lowest-paid workers, I'm increasing both the national minimum wage and the National Living Wage by 3.9%," Healey told lawmakers on Wednesday.
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