Over a million young people are set for a pay rise in 2018, and those receiving a minimum wage will witness the “biggest hike in hourly earnings for a decade”, according to the Low Pay Commission (LPC).

As the UK government announced the Autumn Budget 2017 last week, the LPC (the body that advises on national minimum and living wages in the UK) recommended a raise for the minimum wage and it was accepted.

From 1 April 2018, the legal minimum wage will increase from £5.60 to £5.90 per hour for those aged 18 to 20, and from £7.05 to £7.38 for 21 to 24-year-olds. According to the LPC, that’s an increase of around 5%.

The National Living Wage will increase by 4.4% for workers aged 25 and over, from £7.50 to £7.83.

The National Minimum Wage is not enforceable, but recommended - but the National Minimum Wage is enforced by HM Revenue and Customs.

Young people are set to receive a significant pay rise in 2018