The National Minimum Wage (NMW) in the United Kingdom was raised to GBP 8.72 per hour in 2020 from GBP 8.21 per hour in 2019. source: Department for Work and Pensions, UK

Minimum Wages in the United Kingdom averaged 6.54 GBP/Hour from 2005 until 2020, reaching an all time high of 8.72 GBP/Hour in 2020 and a record low of 5.05 GBP/Hour in 2005. This page provides - United Kingdom Minimum Wages - actual values, historical data, forecast, chart, statistics, economic calendar and news. United Kingdom Gross Minimum Hourly Wage - values, historical data and charts - was last updated on November of 2020.

Minimum Wages in the United Kingdom is expected to reach 8.72 GBP/Hour by the end of 2020, according to Trading Economics global macro models and analysts expectations. In the long-term, the United Kingdom Gross Minimum Hourly Wage is projected to trend around 9.15 GBP/Hour in 2021 and 9.50 GBP/Hour in 2022, according to our econometric models.

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United Kingdom Gross Minimum Hourly Wage

Actual Previous Highest Lowest Dates Unit Frequency
8.72 8.21 8.72 5.05 2005 - 2020 GBP/Hour Yearly

United Kingdom Labour Last Previous Highest Lowest Unit
Unemployment Rate 4.80 4.50 11.90 3.40 percent [+]
Employed Persons 32507.00 32591.00 33073.00 23630.00 Thousand [+]
Unemployed Persons 2633.70 2663.50 3090.00 422.60 Thousand [+]
Part Time Employment 8111.00 8200.00 8704.00 5995.00 Thousand [+]
Full Time Employment 24396.00 24390.00 24656.00 19136.00 Thousand [+]
Employment Rate 75.30 75.60 76.60 65.60 percent [+]
Claimant Count Change -29.80 -40.20 858.10 -98.50 Thousand [+]
Labor Force Participation Rate 79.10 79.20 79.80 74.10 percent [+]
Long Term Unemployment Rate 0.90 0.80 4.30 0.80 percent [+]
Youth Unemployment Rate 14.10 13.60 22.30 9.70 percent [+]
Labour Costs 131.40 108.10 131.40 19.60 points [+]
Productivity 103.00 97.90 103.00 42.60 points [+]
Job Vacancies 525.00 491.00 855.00 343.00 Thousand [+]
Wages 553.00 552.00 553.00 300.00 GBP/Week [+]
Wages in Manufacturing 622.00 619.00 622.00 356.00 GBP/Week [+]
Wage Growth 1.30 0.10 6.70 -2.70 percent [+]
Minimum Wages 8.72 8.21 8.72 5.05 GBP/Hour [+]
Population 66.65 66.27 66.65 52.20 Million [+]
Retirement Age Women 66.00 65.50 66.00 60.00 [+]
Retirement Age Men 66.00 65.50 66.00 65.00 [+]
Average Weekly Hours 28.50 27.30 33.50 25.80 Hours [+]
Employment Change -164.00 -153.00 311.00 -334.00 Thousand [+]