Question to the Department for Business and Trade:
To ask the Secretary of State for Business and Trade, what recent assessment the Government has made of the impact of the National Minimum Wage Apprentice Rate on the ability of apprentices to afford (a) housing and (b) food in (i) Putney constituency and (ii) the UK.
On 1 April 2023, the Apprentice National Minimum Wage (ANMW) rate increased by 9.7% to £5.28. This is an above inflation increase and worth over £850 a year before tax for a full-time apprentice.
The ANMW is designed and set at a rate that acknowledges the particular costs for employers and benefits for young people involved in the provision of apprenticeships and which does not adversely affect apprenticeship opportunities in the labour market.
The Government has published a full impact assessment on gov.uk that assesses the regional impacts of the National Minimum Wage increases.