Chancellor Rishi Sunak has unveiled his 2021 Budget that will see millions of workers across the country receive a raise.
Mr Sunak confirmed that basic rate workers will get a 2.2% increase in their hourly salary.
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The national living wage will increase to £8.91 an hour from April 1 and unlike the last wage increase, this will include workers aged 23 and over.
Currently, over 25s receive £8.72 an hour, while those aged between 21 and 24 receive £8.20.
Example of new rates
These rates are for the National Living Wage (for those aged 23 and over) and the National Minimum Wage (for those of at least school leaving age) from April 1 2021.
The hourly rate for the minimum wage depends on your age and whether you’re an apprentice.
- 23 and over: £8.91
- 21 to 22: £8.36
- 18 to 20: £6.56
- Under 18: £4.62
- Apprentice: £4.30
Enter your postcode below to find the latest figures where you live
Meanwhile, on apprenticeships, the Government is to double the incentive payments given to businesses to £3,000 for all new hires, of any age.
And the furlough scheme will be extended to the end of September, as will support for the self-employed.
The Universal Credit uplift of £20 a week will continue for a further six months, well beyond the end of this national lockdown.
And a new restart grant will start in April to help businesses reopen, with £5 billion of funding.
