Jump to content
Home
Forum
Join Us
What's New
Articles
Resources
About Us
Tapestry
Rebecca

Costing news update - Minimum wage increase

Recommended Posts

In the recent budget, the Government have announced the new minimum wage and living wage amounts. These will come into effect in April 2018.

The new minimum rates are as follows:
£7.38 per hour for 21 to 24 year olds
£5.90 per hour for 18 to 20 year olds
£4.20 per hour for 16 to 17 year olds
£3.70 per hour for apprentices

 

Additionally, the early years funding rates have been released as well as the operational guidance for local authorities

  • Like 1
  • Thanks 1

Share this post


Link to post
Share on other sites

Thank you very much for that Rebecca

I see that Kent will be £4.48 - wonder how much of that they will pass on to settings - currently £3.96:ph34r:

Share this post


Link to post
Share on other sites

PSLA commented  on this a few days ago, did put it on th FSF Addicts Facebook page, (sorry don't always remember to add it here too) 

 

The more worrying angle is the aim to increase it to £9 by 20 20 with no increase in the funding supplied, that is to remain the same until then.. 

I am so glad it is not my headache to sort it out anymore.. we were at breaking point when I retired with cost and funding just breaking even, no way is that the case now. 

Edited by Inge

Share this post


Link to post
Share on other sites

×