When Does Minimum Wage Increase 2024. The 2024 nlw rate is £11.44, a 10 per cent increase in cash terms on the 2023 nlw (£10.42). Stay compliant with updated wage rates.

It empowers the government to fix a floor wage, considering the minimum living standards of workers and minimum wage rates set by it. And because boulder county and edgewater just adopted the local wage last year, state law gives them leeway to increase the minimum faster than inflation — up to.