Budget 2015: Chancellor George Osborne has confirmed in his 2015 Budget that the national minimum wage will rise to £6.70 in October, as irst announced on 17 March.
This is the largest increase to the national minimum wage in real-terms since 2008.
Osborne said his Budget statement that the national minimum wage will rise to £8 by the end of the decade.
The increase is equivalent to an additional 20p an hour for workers aged 21 and over, from its current rate of £6.50 an hour.
It means that someone working full time on the adult national minimum wage will see their annual salary rise by over £350.
Osborne also confirmed that the national minimum wage for apprentices will increase by 20% (57p) an hour to £3.30 from its current rate of £2.73 an hour. This is the largest ever increase in the national minimum wage for apprentices.