Minimum wage increase 2022: what the new UK National Living Wage is and how much it’s going up
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The National Minimum Wage has increased for workers across the UK.
Rishi Sunak announced the change at the 2021 Budget, with the rise arriving around the time that the energy price cap increases, and households receive a council tax rebate to mitigate soaring costs.
But questions remain over whether the hike will be enough to support families facing a cost of living crisis, with the energy cap rise set to come into effect this month.
But what is the new rate? Here’s everything you need to know.
What is the new minimum wage?
The National Minimum Wage and National Living Wage will rise, affecting around 2.5 million UK workers, according to the Department for Business, Energy and Industrial Strategy.
It was confirmed in the 2021 Budget that the National Living Wage will increase to £9.50 from 1 April 2022 – which equates to an extra £1,000 a year for a full-time worker.
Mr Sunak said at the time: ‘This is a government that is on the side of working people. This wage boost ensures we’re...
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