We have published our advice to the Government and a short report summarising the evidence we used to make our recommendations. We will publish our full report in the new year.

The 18-20 Year Old Rate will increase by 8.5% to £10.85. This moves towards the Government’s ambition to lower the NLW age threshold to 18, but is lower than the double-digit increases of recent years.

The NLW, for workers aged 21 and over, will increase to £12.71. This 4.1% increase meets the target of two-thirds of median earnings and exceeds expected inflation, giving workers a real-terms pay rise.