The minimum wage in 2018 - LPC analysis
This report contains the LPC's analysis of the expected effects of the 1 April 2018 minimum wage increases.
Documents
Details
All the rates of the National Minimum Wage (NMW) will increase on 1 April, including the National Living Wage (NLW).
The report contains the Low Pay Commission鈥檚 analysis of the expected effects of these increases, including:
- Their effect on workers鈥� pay
- Coverage of the minimum wage overall, in different occupations, and around the UK.
- What we heard from stakeholders about the likely effects.
We also report on the latest projections of the path of the NLW, which is now forecast to reach 拢8.62 in 2020, in line with its target (to reach 60% of median earnings in that year).
The attached data tables provide a breakdown of forecast minimum wage coverage by region, nation and local authority.
National Minimum Wage rates
| Minimum Wage rate | Current rate (hourly) | Rate from 1 April 2018 |
|---|---|---|
| National Living Wage | 拢7.50 | 拢7.83 |
| 21-24 Year Old Rate | 拢7.05 | 拢7.38 |
| 18-20 Year Old Rate | 拢5.60 | 拢5.90 |
| 16-17 Year Old Rate | 拢4.05 | 拢4.20 |
| Apprentice Rate | 拢3.50 | 拢3.70 |
| Accommodation offset | 拢6.40 | 拢7.00 |
General enquiries
Low Pay Commission
Ground Floor
10 South Colonnade
Canary Wharf
London
E14 4PU
Email [email protected]
Telephone 07741 617052