Workers in North Devon set to benefit from record minimum wage increase
Nick Harvey MP says, "Thousands of people in North Devon have already felt the benefit of Lib Dem income tax cuts and the increase in National Minimum Wage is another step in the right direction."
Around 1,500 workers in North Devon will see a boost to their pay packet from October this year, thanks to Liberal Democrats in government.
The National Minimum Wage is set to rise by three per cent, which means workers will get a new rate of £6.70 an hour.
It is the largest real-terms increase in the National Minimum Wage since 2008, and over 1.4 million UK workers are set to benefit. The Lib Dems have also announced the National Minimum Wage for apprentices will increase by 57p an hour to £3.30.
Nick adds, "If you are on low pay, or starting your dream career through an apprenticeship, you will get more support to help you go further and faster."
"This is just one of the many ways in which we have created a fairer society while building a stronger economy."
The National Minimum Wage rates from 1 October 2015, as recommended by the Low Pay Commission, will be:
A 20p (3%) increase in the adult rate (from £6.50 to £6.70 per hour)
- A 17p (3%) increase in the rate for 18 to 20 year olds (from £5.13 to £5.30 per hour)
- An 8p (2%) increase in the rate for 16 to 17 year olds (from £3.79 to £3.87 per hour)
The National Minimum Wage rate for apprentices will increase by 57p (20%) from £2.73 to £3.30 per hour. The LPC recommended an increase of 2.6% to £2.80 in the Apprentice Rate.