
The UK is set to introduce new minimum wage rules this week, marking a significant shift as living costs will be factored into the National Minimum Wage for the first time. According to the government, the National Minimum Wage is "the minimum pay per hour almost all workers are entitled to."
An independent body, the Low Pay Commission (LPC), is responsible for setting the rate following instructions from the Secretary of State for Business and Trade. The current National Minimum Wage is £11.44 per hour for those over 21 and £8.60 for 18-20-year-olds.