The National Minimum Wage (NMW) in the United Kingdom was raised to GBP 8.72 per hour in 2020 from GBP 8.21 per hour in 2019.

Minimum Wages in the United Kingdom averaged 6.54 GBP/Hour from 2005 until 2020, reaching an all time high of 8.72 GBP/Hour in 2020 and a record low of 5.05 GBP/Hour in 2005. This page provides - United Kingdom Minimum Wages - actual values, historical data, forecast, chart, statistics, economic calendar and news. United Kingdom Gross Minimum Hourly Wage - values, historical data and charts - was last updated on June of 2020. source: Department for Work and Pensions, UK

Minimum Wages in the United Kingdom is expected to reach 8.72 GBP/Hour by the end of 2020, according to Trading Economics global macro models and analysts expectations. In the long-term, the United Kingdom Gross Minimum Hourly Wage is projected to trend around 9.15 GBP/Hour in 2021 and 9.50 GBP/Hour in 2022, according to our econometric models.

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United Kingdom Gross Minimum Hourly Wage

Actual Previous Highest Lowest Dates Unit Frequency
8.72 8.21 8.72 5.05 2005 - 2020 GBP/Hour Yearly

United Kingdom Labour Last Previous Highest Lowest Unit
Unemployment Rate 3.90 4.00 12.00 3.40 percent [+]
Employed Persons 33144.00 33073.00 33144.00 23630.00 Thousand [+]
Unemployed Persons 2096.60 1240.10 3090.00 422.60 Thousand [+]
Part Time Employment 8692.00 8618.00 8704.00 5995.00 Thousand [+]
Full Time Employment 24453.00 24455.00 24463.00 19136.00 Thousand [+]
Employment Rate 76.60 76.60 76.60 65.60 percent [+]
Claimant Count Change 856.50 12.10 856.50 -98.50 Thousand [+]
Labor Force Participation Rate 79.80 79.80 79.80 74.10 percent [+]
Long Term Unemployment Rate 0.80 0.90 4.30 0.80 percent [+]
Youth Unemployment Rate 11.40 11.30 22.30 9.70 percent [+]
Labour Costs 109.70 109.00 109.70 20.90 points [+]
Productivity 100.70 101.80 101.80 42.40 points [+]
Job Vacancies 637.00 794.00 855.00 432.00 Thousand [+]
Wages 540.00 544.00 546.00 300.00 GBP/Week [+]
Wages in Manufacturing 614.00 620.00 622.00 356.00 GBP/Week [+]
Wage Growth 2.40 2.80 6.70 -2.70 percent [+]
Minimum Wages 8.72 8.21 8.72 5.05 GBP/Hour [+]
Population 66.65 66.27 66.65 52.20 Million [+]
Retirement Age Women 65.50 65.00 65.50 60.00 [+]
Retirement Age Men 65.50 65.00 65.50 65.00 [+]
Living Wage Family 1300.00 1230.00 1300.00 1180.00 GBP/Month [+]
Living Wage Individual 895.00 850.00 900.00 785.00 GBP/Month [+]
Wages Low Skilled 1320.00 1180.00 1320.00 1180.00 GBP/Month [+]
Wages High Skilled 2330.00 2110.00 2460.00 2110.00 GBP/Month [+]
Average Weekly Hours 31.40 31.80 33.50 31.30 Hours [+]
Employment Change 211.00 172.00 311.00 -279.00 Thousand [+]