UK workers can look forward to a significant pay boost as the National Living Wage is set to increase its hourly rate. The timeline for this change has been clarified and is expected soon.

The Low Pay Commission (LPC), the government's advisory body on minimum wages, has revealed it is set to raise the mandatory rate to 12.10 per hour. The National Living Wage, which is for those aged 21 and over, is currently at 11.44 per hour, reports the Express.

In response to inflation and heightened living costs, the minimum wage undergoes an annual uplift. This April saw a notable jump by 10 percent from 10.42, continuing a trend of increases typically outpacing inflation.

READ MORE: Martin Lewis urges people to 'note this date' to avoid 200 fee and get cheapest energy deal

Labour's Deputy Prime Minister Angela Rayner has pledged to "raise the floor on wages," proposing more ambitious increases. Following Labour's election win, Ms Rayner and Business Secretary Jonathan Reynolds tasked the LPC with recommending a rise that accounts for living costs and ensures the national living wage remains above two-thirds of the median income.

According to the LPC, a substantial hike of about 5.8 per cent is necessary to match earnings growth well above their March projection of 3.9 per cent. This positions the National Living Wage for a potential climb from 11.44 to 12.10 per hour come April 2025.

The Low Pay Commission (LPC) has now set a "floor" at two-thirds of median earnings in its...

Read Full Story: https://news.google.com/rss/articles/CBMikwFBVV95cUxNMko2b0lRWElWdDkyMEtlb0lM...