UK Minimum Wage to Rise by 6.7% Next Year, Exceeding Inflation

The UK minimum wage will rise by an inflation-busting 6.7% next year, an increase that helps Chancellor of the Exchequer Rachel Reeves argue working people are protected at Wednesday’s budget, but may complicate the Bank of England’s inflation fight.

The pay lift for Britain’s lowest earners, to £12.21 ($15.88) an hour from £11.44, will be worth £1,400 a year to an eligible full-time worker when it comes into effect from April 2025, the Treasury said in a statement on Tuesday.

The minimum wage for 18 to 20-year-olds will also rise to £10-an-hour from £8.60 — its largest increase on record ...