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UK Minimum Wage 2021 and 2022

by Financial Economy

Although Britain, which left the European Union, went through turbulent times during the Brexit process, the country was not affected by this situation economically. However, the fact that Covid-19 was extremely effective in the UK as well as in the whole world shook the country’s growth figures deeply. The financial situation of the low-income segment in the UK has deteriorated further during the Coronavirus process. While the hourly minimum wage applied in the country was £ 8.72 in 2020, it was decided to raise a 9 percent increase over this figure for the next 2 years. Accordingly, the UK minimum wage will first rise to £ 9.15 and then to £ 9.5 (per hour) in 2021 and 2022.

How many pounds will be the UK hourly minimum wage in 2021 and 2022?

The UK applies an hourly minimum wage instead of a monthly minimum wage. In the UK, as of 2020, the minimum wage per hour is 8.72 Pounds per hour. In line with the decision taken, it is anticipated that this figure will be increased gradually for the years 2021 and 2022 to the level of £ 9.5. Accordingly, the lowest hourly wages to be applied in 2021 and 2022 in Great Britain will be as follows.

  • In 2021, the UK will implement a minimum hourly wage of £ 9.15.
  • In 2022, the UK will apply a minimum hourly wage of £ 9.5.

It is worth noting that these figures are net amounts that will be received by employees.

England Salary 2021 and 2022 How Many Pounds per Month?

Employees in the UK have a daily, weekly and monthly maximum working time according to their ages and their work. Employers cannot legally work their workers beyond this period. To evaluate this period as an average of 40 hours per week and 160 hours per month; The monthly net minimum wage to be formed in the UK in 2021 and 2022 is as follows.

  • In the UK in 2021, the monthly minimum wage will be £ 1464 net.
  • In 2022, the UK minimum monthly wage will be £ 1520 net.

For those who ask how much or how much the salaries in the UK in the form of Euros, if we need to evaluate these figures in Euro; The UK minimum salary for 2021 will be around 1591 Euros. In 2022 the UK minimum salary will be about 1652 Euros.

Source: https://tradingeconomics.com/

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Andrew 26 September 2020 - 07:04

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Layla 26 September 2020 - 07:04

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