In the News

UK national living wage to rise by 6.2% in 2020

Geoff Riley

31st December 2019

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The UK National Living Wage (formerly known as the minimum wage) is set to rise by 6% in April 2020 following a recommendation from the Low Pay Commission.

The revised hourly rates will be as follows:

The National Living Wage for ages 25 and above - up 6.2% to £8.72
The National Minimum Wage for 21 to 24-year-olds - up 6.5% to £8.20
For 18 to 20-year-olds - up 4.9% to £6.45
For under-18s - up 4.6% to £4.55
For apprentices - up 6.4% to £4.15

Here is a link to our collection of study resources including revision videos on the economics of a minimum wage / living wage.

Synoptic Economics: Impact of Higher Minimum Wage

NIESR analysis below of what a further rise in the NMW might do for the UK economy:

The Government has announced that the national living wage for over-25s will increase by 6.2% from £8.21 an hour to £8.72 from the start of April. Read our analysis by @JohnnyRunge in our election briefing: https://t.co/EUnAr4ooBJ
— NIESR (@NIESRorg) December 31, 2019

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Geoff Riley

Geoff Riley FRSA has been teaching Economics for nearly forty years. He has over twenty years experience as Head of Economics at leading schools. He writes extensively and is a contributor and presenter on CPD and Revision conferences in the UK and overseas.

@tutor2uGeoff