Britain to Raise Minimum Wage 3.9% to £13.20 in 2027 as Youth Rate Gains Slow
Updated
Updated · Reuters · Oct 26
Britain to Raise Minimum Wage 3.9% to £13.20 in 2027 as Youth Rate Gains Slow
3 articles · Updated · Reuters · Oct 26
Summary
£13.20 an hour is the level Britain’s National Living Wage for workers aged 21 and over is expected to reach in 2027, up from £12.71, according to a Times report ahead of Wednesday’s budget.
The 18-20 minimum wage is expected to rise to about £11.27 from £10.85, broadly matching the 3.9% increase for older workers rather than outpacing it as in recent years.
That shift follows concerns from analysts and employers that faster increases for younger workers have contributed to rising youth unemployment.
The Low Pay Commission said in April that a roughly 3.7% rise to £13.18 would be needed in 2027 to track expected pay growth, and ministers in March widened its remit to weigh labor-market conditions for 18- to 20-year-olds.