More harm than good? Minimum wage hikes kick in from April

cityam

Mar 31

Minimum wage is set to increase 1 April With April approaching plenty of conversations have focused on the end of the tax year, with people scrambling to utilise their ISA allowances, but the month ...

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Minimum wage hikes kick in from April","media":"cityam","content":"<div>\n<p>Minimum wage is set to increase 1 April With April approaching plenty of conversations have focused on the end of the tax year, with people scrambling to utilise their ISA allowances, but the month ...</p>\n\n<a href=\"https://www.cityam.com/more-harm-than-good-minimum-wage-hikes-kick-in-from-april/\">Source Link</a>\n\n</div>\n","source":"cityam_highlight","html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>More harm than good? 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Minimum wage hikes kick in from April\n</h2>\n\n<h4 class=\"meta\">\n\n\n2026-03-31 17:20 GMT+8&nbsp;&nbsp;&nbsp;<a href=https://www.cityam.com/more-harm-than-good-minimum-wage-hikes-kick-in-from-april/><strong>cityam</strong></a>\n\n\n</h4>\n\n</header>\n<article>\n<div>\n<p>Minimum wage is set to increase 1 April With April approaching plenty of conversations have focused on the end of the tax year, with people scrambling to utilise their ISA allowances, but the month ...</p>\n\n<a href=\"https://www.cityam.com/more-harm-than-good-minimum-wage-hikes-kick-in-from-april/\">Source Link</a>\n\n</div>\n\n\n</article>\n</div>\n</body>\n</html>\n","isBrief":false,"type":0,"news_type":1,"symbol":"SSP","symbol_name":"E.W. Scripps Co Cl A","start_time":0,"source_url":"https://www.cityam.com/more-harm-than-good-minimum-wage-hikes-kick-in-from-april/","article_id":"2623530224","we_media_id":null,"thumbnails":["https://www.cityam.com/wp-content/uploads/2026/03/GettyImages-2190251039.jpg?w=824&h=463&crop=1"],"rights":{"source":"cityam_highlight","url":"https://www.cityam.com/more-harm-than-good-minimum-wage-hikes-kick-in-from-april/","rn_cache_url":null,"directOrigin":true},"url":"https://stock-news.laohu8.com/highlight/detail?id=2623530224","pubTimestamp":1774948828,"columns":[],"sourceInfo":{"source_id":"cityam_highlight","name":"cityam"},"weMediaInfo":null,"summary":"Hikes across the boardBoth the national minimum wage and national living wage will increase across all age bands.Stay ahead with our three daily briefings delivering all the key market moves, top business and political stories, and incisive analysis straight to your inbox.Workers aged 21 and over will be entitled to a minimum hourly rate of 12.71, up from 12.21, a 4.1 per cent hike. The government confirmed the rise will increase annual gross earnings for a full-time worker on the rate by 900.This means the lowest paid workers on a 40 hour week will see their pre-tax pay hit 26,436.8.Those on a 37.5 hour week will receive 24,784.5, while those on 35 hours will earn 23,132.2 per year.Hitting businessesOther forms of payment will also be subjected to a hike from 1 April, with statutory sick pay  hitting 123.2 per week, up from 118.7.Statutory maternity, paternity, adoption and parental bereavement leave will also rise from 187.1 per week to 194.3.The lower earnings limit will jump 4 per ","collect":0,"end_time":0,"defaultTopTitle":"cityam.com","property":[],"viewcount":null,"language":"en","relate_stocks":{"SSP":"E.W. Scripps Co Cl A","BK4588":"碎股","BK4585":"ETF&股票定投概念","BK4125":"广播","BK4208":"复合型公用事业","NI":"印北瓦电"},"translate_title":"弊大于利？最低工资从四月起上调","themeId":null,"isJumpTheme":false,"ttsUrl":null,"symbols_score_info":{"NI":1,"SSP":1},"content_text":"Minimum wage is set to increase 1 April With April approaching plenty of conversations have focused on the end of the tax year, with people scrambling to utilise their ISA allowances, but the month also brings about a pay rise for millions of Brits – and increased costs for employers.The national minimum wage will increase from 1 April, with Chancellor Rachel Reeves declaring in last year’s Autumn Budget that 2.7m workers will benefit from the increases.The increases are on top of a 6.7 per cent rise for over 21s and 16.3 per cent rise for 18 to 20 year olds respectively in 2024, where there was also a spike in employers’ National Insurance (NI) contributions.Reeves championed the hikes amid the ongoing cost of living, stating the “economy isn’t working well enough for those on the lowest incomes”.\n\nHikes across the boardBoth the national minimum wage and national living wage will increase across all age bands.\n\n\n\n\n\n\nNews Updates\nStay ahead with our three daily briefings delivering all the key market moves, top business and political stories, and incisive analysis straight to your inbox.\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\nWorkers aged 21 and over will be entitled to a minimum hourly rate of £12.71, up from £12.21, a 4.1 per cent hike. The government confirmed the rise will increase annual gross earnings for a full-time worker on the rate by £900.This means the lowest paid workers on a 40 hour week will see their pre-tax pay hit £26,436.8.Those on a 37.5 hour week will receive £24,784.5, while those on 35 hours will earn £23,132.2 per year.\n\nYounger workers will see larger percentage increases as part of an ongoing plan to ultimately phase out the rate for 18-20 year olds and align them with the adult rate.This plan means the age bracket will receive an 8.5 per cent boost, increasing the rate from £10 per hour to £10.85 per hour.Apprentices and 16 to 17 year olds will be subjected to a 6 per cent increase, rising from £7.55 to £8.The increases aim to keep the top rate above 66 per cent of median hourly earnings, with people aged 16 to 21 most likely to benefit, as the demographic is most likely to be on low pay, with roughly 31.7 per cent earning minimum wage in 2025.\n\nHitting businessesOther forms of payment will also be subjected to a hike from 1 April, with statutory sick pay (SSP) hitting £123.2 per week, up from £118.7.Statutory maternity, paternity, adoption and parental bereavement leave will also rise from £187.1 per week to £194.3.The lower earnings limit will jump £4 per week from £125 to £129, with forthcoming legislation expected to extend SSP entitlement to employees earning below the lower earnings limit.","kind":"highlight","is_publish_news":true,"is_publish_highlight":false,"is_publish_live":false,"is_publish_wemedia":false,"editions":null,"column":"","sentiment":"-1","news_tag":"","news_rank":0,"isVideo":false,"video":null,"symbols":[],"gpt_button":0,"need_auth":false,"need_login_tip":false,"code":"91000000","status":"200"}}}