Minimum wage

National Minimum Wage rates apply to employees up to the age of 20.

National Living Wage (NLW) rates apply to employees 21 and over.

The Apprentice rate applies to apprentices under 19, or 19 and over in the first year of apprenticeship.

Penalties apply to employers who fail to pay minimum wages.

Age	NLW	18-20	16-17	Apprentice
From 1 April 2025	£12.21	£10.00	£7.55	£7.55
From 1 April 2024	£11.44	£8.60	£6.40	£6.40

19 Dec 2025

Interest rates cut to 3.75%

The Bank of England has cut interest rates from 4% to 3.75%, bringing the cost of borrowing down to its lowest level in nearly three years.

18 Dec 2025

The UK will bring cryptocurrencies, including Bitcoin, into a regulatory framework, with legislation due by 2027.

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Our summary of the key announcements from the Chancellor's latest Budget .

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