The national minimum wage for adults aged 21+ has increased by 12p an hour to £6.31.
The rise, which took effect yesterday and was first announced in April, follows the recommendations of the independent Low Pay Commission.
The rate for 18-20 year-olds is increasing by 5p to £5.03 an hour, while the 16-17 year old rate is rising 4p to £3.72.
The BBC reported that The Resolution Foundation, a think tank which focuses on standards of living, said that the minimum wage was in effect falling - in spite of the increase - because of the pace of inflation.
Inflation, measured by the consumer prices index (CPI) fell to 2.7% in the year to August, from 2.8% in July.
It means prices are still rising faster than wages, which rose by 1.0% on average over the same period.
An award-winning journalist and editor, with two decades of experience covering the motor retail industry, and accredited by the Institute of Leadership and Management (ILM) plus the National Council for the Training of Journalist (NCTJ)
As editor of AM since 2016, Tim is responsible for its media content, planning and production across AM's multiple channels, including the website, digital reports, webinars, social media and the editorial content of AM's events, Automotive Management Live and the AM Awards. His focus is on interviewing senior leaders of franchised dealer groups and motor manufacturer national sales companies to examine latest developments in UK motor retail.
Anonymous - 03/10/2013 10:08
I don't think a few pennies extra an hour will make that much of a difference today.