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National Minimum Wage rates apply to employees up to the age of 20 (22 before 1 April 2024).
National Living Wage (NLW) rates apply to employees 21 and over (23 and over before 1 April 2024).
The Apprentice rate applies to apprentices under 19, or 19 and over in the first year of apprenticeship.
Penalties apply to employers who fail to pay minimum wages.
21 Mar 2025
The Bank of England is walking a 'tightrope' on interest rates in the face of global uncertainty and cost pressures, says the British Chambers of Commerce (BCC).
20 Mar 2025
Chancellor Rachel Reeves should consider increasing taxes at this month's Spring Statement, according to the Resolution Foundation.
19 Mar 2025
UK growth will be weaker than previously expected this year and next, according to the Organisation for Economic Co-operation and Development (OECD).
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