Equity Release – Your Top 10 Questions Answered In our Residential Conveyancing department we are often asked by our clients to give them advice when they are considering Equity Release Schemes. In this Blog, Arlie Asbury, one of our Licensed...
Government Increases the National Minimum Wage from October 2015
The Government has announced that the National Minimum Wage (NMW) rate for apprentices will increase by 57p (20 per cent) from 1 October 2015, from £2.73 to £3.30. The Low Pay Commission (LPC) had recommended an increase of 2.6 per cent to £2.80 per hour.
The remaining NMW rates that will apply from 1 October 2015 are as recommended by the LPC:
- The adult rate will increase by 20p (3 per cent) from £6.50 to £6.70 per hour;
- The rate for 18- to 20-year-old workers will increase by 17p (3.3 per cent) from £5.13 to £5.30 per hour;
- The rate for 16- and 17-year-olds will increase by 8p (2.1 per cent) from £3.79 to £3.87 per hour.