The chancellor, Philip Hammond confirmed in his Budget on the 22nd November 2017 that backing Skills are the key to unlocking growth nationally. He plan is the continued commitment to deliver 3 million Apprenticeship starts by 2020.
He also confirmed that the National Minimum wage for apprentices would rise again in April 2018 from £3.50 to £3.70 per hour, as will The National Living Wage for Workers over 25 from £7.50 to £7.83.
Full list of new rates (per hour)
Previously £3.50, now £3.70
Previously £4.05, now £4.20
18 to 20
Previously £5.60 now £5.90
21 to 24
Previously £7.05 now £7.38
25 and over
Previously £7.50, now £7.83
Keep an eye on the GOV website for more updates: www.gov.uk/national-minimum-wage-rates
Or, if you would like more information and advice on the changes, please contact us today.