Largest ever increase for apprenticeship pay

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Apprenticeship pay has seen a significant rise across the UK

The National Minimum Wage has risen today (October 1st) across the UK, with the single-largest rise in apprenticeship pay on record.

Announced in the chancellor's Summer Budget, the national minimum wage for adults has increased by 20p to £6.70 per hour and the minimum wage for apprentices has grown by 57p to £3.30 per hour.

As a result of this uplift, full-time apprentices across the UK (those working a 40-hour week) will now benefit from more than an additional £1,000 in their annual pay packets.

Business secretary Sajid Javid said: "We are making sure that every part of Britain benefits from our growing economy and today more than 1.4 million of Britain's lowest-paid workers will be getting a well-deserved pay rise.

"The increase for apprentices is the largest in history making sure that apprenticeships remain an attractive option for young people. While the national minimum wage will see the largest real-terms increase since 2007."

Encouraging more young people to embark on apprenticeship programmes is a chief aim of the government at present, with the goal of delivering an extra three million places by the end of the decade.

Businesses of all sizes can benefit from employing apprentices, as this allows them to train staff to meet the specific needs of their business, as well as increasing the likelihood of future staff retention and tackling the national issue of a lack of skilled workers in many industries.

Investment in training programmes and bringing in more apprentices could therefore be a win-win for individual firms and the national economy in the years ahead.