Around 1.8 million workers will receive an almost 5% pay rise as the national living wage increases today.

The hourly rate for adults aged 25 and older has risen from £7.83 to £8.21, which works out as an extra £690 a year. It marks the biggest the ever increase at 4.9%, according to the government.

The hourly rate for 21 to 24-year-olds has increased from £7.38 to £7.70, and from £5.90 to £6.15 for 18 to 20-year-olds.

The new minimum wage rates are:

Aged 25 and over: £8.21

Age 21 – 24: £7.70

Age 18 – 20: £6.15

Age 16 – 17: £4.35

Apprentice: £3.90

The National Minimum Wage (NMW) is the minimum wage per hour a worker is entitled to in the United Kingdom. These rates are reviewed yearly by the government and are advised by the independent body Low Pay Commission (LPC).