SOME two million Brits will get a boost to their bank balance when the national living wage goes up this weekend, research reveals.
The minimum wage – which was introduced 20 years ago – for over 25s goes up to £8.21 on April 1.
Minimum wage will go up to £8.21 for over 25s on April 1[/caption]
Women stand to benefit the most, with 1.2million females expected to see their pay packets go up.
Workers in shops and the hospitality sector are expected to be the most likely to benefit from the boost, analysis by the Resolution Foundation shows.
Around one in ten workers are estimated to be on the minimum wage by April next year, the study showed.
One in six part-time workers will benefit, while one in ten workers across the North East will also gain from the latest increase.
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Nye Cominetti, analyst at the Resolution Foundation, said: “The minimum wage is turning 20 on Monday, and its celebrating with a bang – a pay rise for two million workers.
“This policy, condemned as a jobs killer when it was first introduced, has turned out to be one of Britain’s biggest ever policy successes for living standards.”
It comes as Britain enjoys a jobs boom – with employment at record highs.
Women are expected to benefit the most from the increase, which marks 20 years since the minimum wage was introduced[/caption]
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