UK government halts minimum wage increase, postponing 2025 rise to align with median earnings.

The UK government is halting its increase of the minimum wage, providing relief to businesses after a period of rapid increases that have led to one of the highest wage floors in the rich world. The hourly rate for adults will rise by 9.8% to £11.44, benefiting approximately three million workers. However, the government has indicated that for 2025, the minimum wage should rise in line with median earnings.

March 28, 2024
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