Budget 2018: Minimum wage

The minimum wage for workers over 25 years of age will increase from £7.83 to £8.21 per hour from April 2019.  This amounts to an increase of £690 per year for a full time worker.

Confusingly George Osborne had previously renamed the minimum wage as the national living wage, not to be confused with the amount recommended by the Living Wage Foundation, which believes the real living wage should be £8.75 across the UK and £10.20 in London.