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How we calculate a path for the National Living Wage’s target of two-thirds of median wages in 2024

Posted by: , Posted on: - Categories: National Living Wage, UK minimum wage rates
A chart showing the historic rates for the National Living Wage and the projected rate for 2024. The central estimate for 2024 is £11.16, the adjusted estimate is £11.04 and range around the central estimate is £10.90-£11.43.

What is the National Living Wage? Our main job at the Low Pay Commission is to recommend future National Minimum Wage (NMW) rates. Under the NMW, there are different rates for different age groups and a separate rate for apprentices. …

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A blog on the work of the Low Pay Commission (LPC), an independent body that advises the government about the National Minimum Wage.

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