Damian Hinds, MP for East Hampshire, welcomes the introduction of the new National living Wage, which will boost the earnings of the lowest paid across the District.
From 1st April 2016, workers aged 25 and over and not in the first year of an apprenticeship, will be legally entitled to at least £7.20 an hour under the National Living Wage – that’s an extra 50 pence an hour compared to the National Minimum Wage – a £20 a week pay rise for a full time worker.
“The introduction of the National Living Wage is part of the Government’s drive towards a higher-wage, lower-tax, lower-welfare economy, and this is only the first step as it is set to rise to £9 an hour by 2020, making a real difference to take home pay for thousands of families.”
At the same time, from 6th April 2016 the personal allowance will rise to £11,000 – a saving of £80 – and from April 2017 it will rise again to £11,500 – taking 1.3 million of the lowest-paid workers out of income tax altogether and giving a tax cut to 31 million across the country.
“The increases in personal allowance will help millions of people keep more of the money they earn and help to ensure people are always better off in work – policies that are at the heart of our long term plan.”