Just a quick heads up to apprentices and employers: the government has announced the minimum wage for apprentices is to rise from £3.90 to £4.15 on April 1st 2020.
This 6.4% increase is far above the rate of inflation and represents significant news for apprentices and their employers.
This rate applies to apprentices under 19 and those aged 19 or over who are in their first year; following the first year, all 19+ learners earn at least the minimum wage for their age.
The Federation of Small Businesses has cautioned that the change will have to be managed effectively by employers. FE Week quoted Mike Cherry, national chair of the FSB, as saying: “it’s vital that everyone is paid fairly, and small firms, who are the backbone of the economy, are ably supported by government so these changes are manageable and don’t impede businesses from taking on new apprentices in the long term.”