Minimum Wage 2024 Increase Uk. The national minimum wage and the national living wage both increase each year in april. The united kingdom will increase its minimum wage by 9.8% to 11.44 pounds ($14.26) an hour in april 2024, making it one of the highest as a share of average hourly earnings of any advanced economy,.

The minimum wage, known officially as the national living wage, is currently £10.42 an hour. Greetings card and gift chain card factory saw profits slump more than 40% in the first half of the year as it battled against rising staff costs following the increase in the national.