UK Minimum Wage to Rise in 2025
The UK's minimum wage for over-21s will increase to £12.21 an hour in April 2025, marking a 6.7% rise and aligning with Labour's pledge for a living wage. This will impact over three million workers, including younger workers and apprentices who will see significant pay boosts.
While the increase is expected to benefit many, concerns remain about the impact on businesses. Some fear it could lead to job cuts, higher prices, and reduced investment. However, supporters argue that it will help address the cost of living crisis and support low-income workers.
The government's decision to incorporate the cost of living into the Low Pay Commission's recommendations reflects the ongoing challenges posed by inflation and rising living costs. The increase is also seen as a step towards unifying the minimum wage rate across all age groups in the coming years.
Amidst speculation about potential tax hikes, the National Living Wage rise to £12.21 stands as a major milestone for the government, reinforcing its commitment to supporting the UK's low-income workforce.