The increases will support the wages and living standards of low-paid workers at a time when pay growth is robust across the economy, an official press release said.
They come against a backdrop of strong gross domestic product forecasts, employment returning to pre-pandemic levels and businesses advertising record numbers of vacancies.
Alongside the NLW increase announced today, the commission recommended significant rises in national minimum wage (NMW) rates for younger workers.
The 21-22-year-old rate will increase to £9.18, narrowing the gap with the NLW and leaving this age group on course to receive the full NLW by 2024.
NMW rates for 18-20 and 16-17-year-olds will increase in line with underlying wage growth, protecting earnings for young workers while recognising their higher risk of unemployment. The minimum wage for apprentices will increase by 51 pence, bringing it in line with the 16-17-year-old rate.
ALCHEMPro News Desk (DS)
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