Economics
U.K. Hikes Minimum Wage by 6.6% in Budget Boost for Millions
- Legal pay floor to rise in April to 9.50 pounds per hour
- Move prompts warnings from labor unions and business lobbies
Photographer: Chris J. Ratcliffe/Bloomberg
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The U.K. is to increase its national minimum wage to 9.50 pounds an hour ($13.06), providing a boost for millions of low-paid workers ahead of the budget this week.
The legal pay floor for people aged 23 and over will rise by 6.6% from 8.91 pounds starting on April 1, the Treasury announced in statement Monday.