The government has, today, announced the annual increase to the minimum wage. The adult rate will rise from £5.52 to £5.73. The rate for 18-21 year olds will also increase from £4.60 to £4.77, while the 16-17 year old rate will rise from £3.40 to £3.53.
All increases will take effect on 1st October 2008. See BERR Press Release for more details.