National Minimum Wage to rise from 1 October 2012
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01 October 2012 - Department for
Business, Innovation and Skills
Monday 1 October 2012 the National Minimum Wage (NMW) will rise in
accordance with the recommendations set out by the Low Pay Commission
in its 2012 report.
• The adult rate will increase by 11 pence to £6.19 an hour
• The rate for 18-20 year olds will remain at £4.98 an hour
• The rate for 16-17 year olds will remain at £3.68 an hour
• The rate for apprentices will increase by 5 pence to £2.65 an hour and
• The accommodation offset will increase by 9 pence to £4.82 per day.
The Government is committed to the NMW because of the protection it
provides to low paid workers and the incentives it provides to work.
Around 1 million of Britain’s lowest-paid workers will gain from these
1. The Press Notice where the Government accepted the Low Pay
Commission’s recommendations can be found here: http://news.bis.gov.uk/content/Detail.aspx?ReleaseID=423769&NewsAreaID=2
2. For more information about the changes to National Minimum Wage
3. The Government's economic policy objective is to achieve 'strong,
sustainable and balanced growth that is more evenly shared across the
country and between industries.' It set four ambitions in the ‘Plan
for Growth’ (PDF
1.7MB), published at Budget 2011:
- To create the most competitive tax system in the
- To make the UK the best place in Europe to start,
and grow a business
- To encourage investment and exports as a route to
- To create a more educated workforce that is the
most flexible in
Work is underway across Government to achieve these ambitions,
including progress on more than 250 measures as part of the Growth
Review. Developing an Industrial Strategy gives new impetus to this
work by providing businesses, investors and the public with more
clarity about the long-term direction in which the Government wants the
economy to travel.
About the Author
© Crown Copyright. Material taken from the BIS Department for Business, Innovation and Skills. Reproduced under the terms and conditions of the Click-Use Licence.
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Article Published/Sorted/Amended on Scopulus 2012-10-01 13:09:11 in Business Articles