Every year the National Living Wage and the National Minimum Wage changes in April. This year the boost could see some workers almost £1000 better off.

Following their landslide election win, the Conservatives had pledged to significantly increase the wage if economically possible.

This year the minimum rate for over 25’s, known as the National Living Wage, will increase by 51p per hour.

Prime Minister Boris Johnson said: “Hard work should always pay, but for too long, people haven’t seen the pay rises they deserve.”

He added: “Our government will put a stop to that, giving nearly three million people from Edinburgh to Eastbourne a well-earned pay rise, including the biggest ever cash boost to the National Living Wage.”

READ MORE: Minimum wage increase 2020: When is the minimum wage going up? 

What is the ‘real’ Living Wage?

The Living Wage Foundation campaigns for companies to pay employees a ‘real Living Wage’ based on the cost of living, rather than the Government minimum.

Although the current Conservative Government is raising the National Living Wage this year, some argue the amount set is not enough to live.

The Living Wage Foundation sets the current ‘real Living Wage’ as £9.30 across the UK.

However, in London the organisation believes the wage should be higher at £10.75 per hour.