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National Minimum Wage Rates for 2012 announced

National Minimum Wage Rates for 2012 announced
Tuesday, 20 March 2012 00:00

In October 2012 the national minimum wage (NMW) will increase by 11p to £6.19 an hour. There are no changes to the amounts payable to those workers aged under 21.

The Government have confirmed this rise today which represents a rise of 1.8% from the existing level. The levels are recommended to the Government each year by the Low Pay Commission.

The increase though is lower than the current inflation rate (CPI) which in January 2012 was running at 3.6%.

The rise is much more in line with the average increase in earnings, which rose by 1.4% over the year to January, as highlighted by the latest official statistics .

In summary the new rates that come into effect from 1 October 2012 will be as follows:

  • The rate for 18 to 20-year-olds will remain at £4.98 an hour
  • The rate for 16 and 17-year-olds will remain at £3.68 an hour
  • The rate for apprentices will rise by 5p to £2.65 an hour

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