What’s the UK National Living Wage and the Real Living Wage? Q&A

The UK’s mandatory minimum wage, the national living wage, will rise to £11.44 ($14.34) per hour from £10.42 in April 2024, after Chancellor of the Exchequer Jeremy Hunt announced the policy change before his Autumn Statement. The move will boost earnings for about 1.7 million people when it takes effect next year, and the same level of minimum pay will also apply to 21 and 22-year-old workers for the first time. Previously, those younger workers received a lower hourly minimum rate of £10.18. Here’s what to know:

1. What is the national living wage?

The national living wage is ...