Thousands of full-time workers in Redditch are set to receive an annual pay rise of up to £930 following a 6.2% increase in the National Living Wage.
From April 1st, the National Living Wage will be increasing from £8.21 to £8.72 an hour.
Nearly 3 million workers are set to benefit from the increases to the NLW and minimum wage rates for younger workers, according to estimates from the independent Low Pay Commission.
The new rate results in an increase of £930 over the year for a full-time worker on the National Living Wage. Younger workers who receive the National Minimum Wage will also see their pay boosted with increases of between 4.6% and 6.5%, dependant on their age, with 21-24 year olds seeing a 6.5% increase from £7.70 to £8.20 an hour.
The introduction of the NLW has already delivered the fastest pay rise for the lowest earners in 20 years, putting more cash into the pockets of those who need it the most. Supported by the NLW, the lowest paid saw their wages grow by 8% above inflation between April 2015 and April 2018.
In welcoming the announcement, Rachel Maclean, MP for Redditch, said:
“Work should always pay, which is why I’m delighted full time workers in Redditch on the National Living Wage will be £930 a year better off.
“This is a huge step on the UK’s journey to become the first country in the world to eliminate low pay in the next five years.”