The Government will increase the national minimum wage from April 2018 to the following rates:
- Apprentices: £3.70 an hour;
- 16-17 year olds: £4.20 an hour;
- 18-20 year olds: £5.90 an hour;
- 21-24 year olds: £7.38 an hour.
The national living wage for those aged 25 and over will also increase from £7.50 an hour to £7.83 an hour from April 2018.
The tax free personal allowance will rise from £11,500 to £11,850 from April 2018. The higher rate tax threshold will rise to £46,350.