The Prime Minister and Deputy Prime Minister announced on 17 March 2015 that the government has accepted the Low Pay Commission’s (LPC) recommendations to increase the National Minimum Wage (NMW) by 3 per cent to a new rate of £6.70 per hour, starting 1 October 2015. This is the largest real-terms increase in the NMW since 2008, and will benefit more than 1.4 million of Britain’s lower-paid workers.
The government rejected the LPC’s recommendation to increase the apprentice rate by 2.6 per cent, resulting in £2.80. Instead, the government approved an increase of 20 per cent, or 57 pence, to £3.30 per hour. This is the largest-ever increase to the NMW for apprentices. By rejecting the LPC’s recommendation and implementing a higher apprentice rate, the government hopes that apprenticeships will offer a more viable career path and a wage comparable to similar types of work.
[idz_button url=”/wp-content/uploads/2015/03/News-Brief-National-Minimum-Wage-Raised-to-6.70-an-Hour.pdf” color=”green” size=”medium” type=”round” target=”_blank”] Download the full article to find out more [/idz_button]