In November last year, the UK government announced what the annual National Living Wage increase in April 2023 would be – its largest increase since its introduction in 2016. The large increase comes as a much-needed pay rise to millions of workers across the UK who are feeling effects of a sharp rise in the cost of living.
The National Minimum Wage, statutory sick pay, maternity, adoption, paternity and shared parental pay rates also increased in April 2023, along with annual increases in tribunal compensation limits.
