Minimum wage rises to £12.71 an hour as firms warn of impact
UK Minimum Wage Rises 6.7%. Workers Get More. Employers Adjust. Life Continues.
What Happened
The UK minimum wage increased to £12.71 per hour, representing a 6.7% rise. Business groups have warned this could impact employment and force companies to raise prices or reduce hiring.
What's In Your Control
Whether you budget for wage increases if you employ people. Whether you update your own salary expectations. Whether you factor this into business planning if you run a company.