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National Minimum Wage Set to Rise

The government has announced that the national minimum wage will rise again in October of this year, by 3.8%.  The new rates will be as follows:

Workers aged 22 and over - £5.73 from £5.52
Workers aged between 18-21 - £4.77 from £4.60
Workers aged 16-17 - £3.53 from £3.40

Two thirds of the 1 million people that the government believes this rise will benefit will be women.

The government has cracked down on rogue employers not in compliance with the national minimum wage regulations and has pledged to invest more into enforcing the rules.  The penalty for paying workers any amount below the national minimum wage is now an unlimited fine.

Under the National Minimum Wage Act, criminal offences include; refusal to or wilful neglect to pay the NMW, failure to keep or preserve truthful and accurate records, refusal of access to those records to an HMRC compliance officer, failure to produce relevant documents when asked by an HMRC compliance officer.