The minimum wage in 2018 - LPC analysis
This report contains the LPC's analysis of the expected effects of the 1 April 2018 minimum wage increases.
Documents
Details
All the rates of the National Minimum Wage (NMW) will increase on 1 April, including the National Living Wage (NLW).
The report contains the Low Pay Commission’s analysis of the expected effects of these increases, including:
- Their effect on workers’ pay
- Coverage of the minimum wage overall, in different occupations, and around the UK.
- What we heard from stakeholders about the likely effects.
We also report on the latest projections of the path of the NLW, which is now forecast to reach £8.62 in 2020, in line with its target (to reach 60% of median earnings in that year).
The attached data tables provide a breakdown of forecast minimum wage coverage by region, nation and local authority.
National Minimum Wage rates
| Minimum Wage rate | Current rate (hourly) | Rate from 1 April 2018 |
|---|---|---|
| National Living Wage | £7.50 | £7.83 |
| 21-24 Year Old Rate | £7.05 | £7.38 |
| 18-20 Year Old Rate | £5.60 | £5.90 |
| 16-17 Year Old Rate | £4.05 | £4.20 |
| Apprentice Rate | £3.50 | £3.70 |
| Accommodation offset | £6.40 | £7.00 |
General enquiries
Low Pay Commission
Ground Floor
10 South Colonnade
Canary Wharf
London
E14 4PU
Email lpc@lowpay.gov.uk
Telephone 07741 617052