U.K. Announces October Minimum Wage Increase

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By Jared Mondschein

March 17 --The minimum wage in the United Kingdom will be increased to 6.70 pounds ($9.88) per hour for workers 21 years of age or older on Oct. 1, 2015, according to a news release published on the U.K. government website. Currently, the minimum wage in the U.K. is 6.50 pounds ($9.59) per hour for workers 21 years of age or older, and this minimum wage will be in effect until Oct. 1, 2015.

The U.K. government also sets minimum wages for workers under 21 years of age. As of Oct. 1, 2015, all minimum wage rates for workers under 21 years of age will also be increased. The new minimum wage rates will be as follows:

• 5.30 pounds ($7.82) per hour for workers from 18 to 20 years old;

• 3.87 pounds ($5.71) per hour for workers under 18 years old;

• and 3.30 pounds ($4.87) per hour for Apprentices.

Until Oct. 1, the minimum wage rates for workers under 21 are:

• 5.13 pounds ($7.57) for workers from 18 to 20 years old;

• 3.79 pounds ($5.59) per hour for workers under 18 years old;

• and 2.73 pounds ($4.02) per hour for Apprentices.