What is National Living Wage?
The '''National Living Wage''' is the lowest wage workers in the United Kingdom aged 23 and over can be paid. It was started on 1 April 2016. From April 2023 it is £10.42 per hour.<ref>{{Cite web|title=Chancellor delivers plan for stability, growth and public services|url=https://www.gov.uk/government/news/chancellor-delivers-plan-for-stability-growth-and-public-services|access-date=2023-09-20|website=GOV.UK|language=en}}</ref> In April 2016 it was set at £7.20 per hour, and only for people over 25. It was expected to have its greatest impact in the [[retail]], [[hospitality]] and [[healthcare]] industries. Research published by the [[Resolution Foundation]] in March 2016 said it would immediately raise the incomes of people on minimum wage by 10.8% - about about 4.5 million people.<ref>{{Cite news|last=Elliott|first=Larry|date=2016-03-29|title=Third of workers in low-pay areas may benefit from new legal pay level|language=en-GB|work=The Guardian|url=https://www.theguardian.com/uk-news/2016/mar/30/third-of-british-workers-may-benefit-from-new-legal-pay-level|access-date=2023-09-20|issn=0261-3077}}</ref> ==Related pages== *[[Minimum wage]] ==References== {{reflist}} [[Category:United Kingdom law]] [[Category:Economy of the United Kingdom]]