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 September 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.