Minimum wage rises leave 21 to 24 year olds £450 a year out of pocket
The government has accepted the Low Pay Commission’s recommendations and will increase all national minimum wage rates from 1st April 2017. The government’s national living wage (introduced in April of this year) will go up by 4.2%, a 30p increase, to £7.50 an hour. That’s good, but there’s a fly in the ointment for younger…