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<p>Low paid workers will continue to benefit from above-average pay rises, with the
National Living Wage (NLW) set to reach two-thirds of median earnings and to be extended
to workers aged 21 and over by 2024, providing economic conditions allow. This is
projected to benefit nearly four million low-paid workers. The expert and independent
Low Pay Commission (LPC) has been tasked with recommending the NLW rates in order
to reach these targets.</p><p> </p><p>The Government also announced at the end of
2019, following the recommendations of the LPC, that it will increase the NLW by 6.2%
to £8.72 an hour on 1 April 2020. The 2020 rate will mean a full-time NLW worker’s
annual gross earnings will rise by over £930. Compared to the current NLW rate (£8.21),
full-time NLW workers are projected to see a pay rise of over £4,000 by 2024.</p>
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