The National Minimum Wage (NMW) in the United Kingdom was raised to GBP 8.21 per hour in 2019 from GBP 7.83 per hour in 2018. The UK government announced on December 31st, 2019, that the NMW will increase 6.2 percent to GBP 8.72 per hour, the biggest cash increase ever. The new rate starts on April 1st, 2020. United Kingdom Gross Minimum Hourly Wage - data, historical chart, and calendar of releases - was last updated on February of 2020 from its official source.
Minimum Wages in the United Kingdom averaged 6.39 GBP/Hour from 2005 until 2019, reaching an all time high of 8.21 GBP/Hour in 2019 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. source: Department for Work and Pensions, UK
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 9.00 GBP/Hour in 2021 and 9.25 GBP/Hour in 2022, according to our econometric models.