Three million workers to get £1,400 a year pay rise in days, Rachel Reeves confirms in Spring Statement

Millions to Get Pay Rise

MILLIONS of workers will get a pay rise of £1,400 a year from next week. The Government announced in October it is hiking the National Living Wage by 6.7% from next Tuesday (April 1), and today's Spring Statement has not altered that promise. Chancellor Rachel Reeves has confirmed three million people will get the pay boost from next week.

Pressure on Chancellor

The Chancellor is under increasing pressure to address slow economic growth, high inflation, and concerns about tax rises. Inflation surged to 3% in January, marking its highest level in 10 months, while economic growth remains subdued. The UK economy is forecasted to expand by just 0.75% in 2025, down sharply from an earlier estimate of 1.5%.

Minimum Wage Shake-Up

There are currently two different minimum rates all workers are supposed to get across the UK - National Minimum Wage and the National Living Wage. The National Minimum Wage (NMW) is the minimum pay per hour for workers who have left school, while the National Living Wage is the minimum wage for those over 21 and is slightly higher.

Who Qualifies for the National Minimum Wage?

You qualify for the National Minimum Wage if you are of school leaving age, usually above 16, and work full-time or part-time. Apprentices, trainees, and disabled workers also qualify, but self-employed individuals, voluntary workers, and au pairs do not.