From October 2015, the rate for adults will increase by 20p to £6.70 per hour, the largest real-term increase to the NMW since 2008. Wages for 18- to 20-year-olds will rise by 17p to £5.30 an hour, and 16- to 17-year-olds will see their wages increase by 8p to £3.87.
Over 1.4 million people are set to benefit from the increase.
Apprentices will get an additional 57p an hour, increasing their hourly rate to £3.30 - the largest ever increase to the NMW rate for apprentices.
The Government has also unveiled plans to introduce a new digital apprenticeship voucher to put employers in control of apprenticeship funding.
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