Minimum Wage 2024 Uk. The minimum wage, known officially as the national living wage, is currently £10.42 an hour for.  — annual increases of nearly 10% in 2023 and 2024 were welcome, but by the time the minimum wage rise came through in april, high inflation had eroded minimum wage workers’ living standards.

Here’s what the new rates look like for employees in 2024. (until 1 april 2024 it applied to workers aged 23 and over.) other rates are known as national minimum.