16 Year Old Minimum Wage 2024. On 1 january 2024 a statutory hourly minimum wage took effect. In november 2023, the government announced a minimum wage increase aimed at helping to protect workers’ living standards amidst the current economic climate and cost of living crisis.
The national minimum wage and living wage. For an nlw worker working 37.5 hours per week, the increases announced today will increase their annual gross pay by.