Question to the Department for Business and Trade:
To ask the Secretary of State for Business and Trade, what estimate has been made of the average annual salary of people in receipt of the National Living Wage in April 2024.
The current National Living Wage (NLW) is set at £11.44 per hour. This means for a full-time worker on the NLW working 35 hours each week, their gross annual earnings are £20,821. This will increase to £22,222 after the new NLW rate of £12.21 is applied from 1st April 2025.
Each worker's take home salary will vary as this will depend on a range of factors, including total hours worked, taxes and other lawful deductions, and additional benefits.