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Minimum wage rise ‘could incentivise’ employers to hire older staff

Summary by Your Money
The minimum wage rise will affect over three million workers in the UK, but the IFS has warned it might hamper younger employees.
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Minimum wage rise ‘could incentivise’ employers to hire older staff

The minimum wage rise will affect over three million workers in the UK, but the IFS has warned it might hamper younger employees.

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Small BusinessSmall Business

Important employment rights checklist for employers  - Small Business UK

By Alan Dobie on Small Business UK - Advice and Ideas for UK Small Businesses and SMEs The law around employment rights changes so frequently, so you might want to refresh your knowledge of some of the simple stuff. 1. National minimum wage For over 21s, the current minimum wage stands at £12.21 an hour (as of April 1 2025). For 18-20 year olds, this is slightly lower, at £10. Under 18s, the same rate is £7.55. The separate apprentice rate is cu…

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Small Business broke the news in on Tuesday, April 1, 2025.
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