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Economic Development

More than 250,000 people in the North West set for pay rise from today

The new rates were announced at the Chancellor’s Spending Review in 2020

The National Living and Minimum Wages have risen(Image: PA)

More than 250,000 people across the North West are set to benefit from the increase to the National Minimum and Living Wages which have come into effect today - the second highest figure of any region.

The rate rises include a 2.2% increase in the National Living Wage to £8.91, the equivalent of more than £345 extra per year for someone working full-time.

For the first time since it came into effect in 2016, more younger people will be eligible for the National Living Wage, as the age threshold will be lowered from 25 to 23 years old.

The rise means someone working full time on the National Living Wage from April 2021 will be taking home £5,400 more annually than they were in 2010.

In the North West, 239,000 people will benefit from the rise in the National Living Wage and 27,000 from the increase in the National Minimum Wage.

The region's figures are the second highest behind the South East.

Prime Minister Boris Johnson said: "The National Minimum and Living Wages have increased every year since they were introduced, supporting the lowest paid, and despite the challenges we’ve faced recently, this year will be no different.

"That’s why we’re providing a well-earned pay rise to two million people, which will be a welcome boost to families right across the º£½ÇÊÓÆµ.