Millions of Brits will receive £345 pay rise from Thursday April 1

Millions of Brits have been told to expect an extra £345 a year pay rise from tomorrow.

Brits will be in line for hundreds of pounds extra, as part of a National Living Wage increase from April 1.

The National Living Wage is currently £8.72 an hour and will rise by 19p to £8.91 – an increase of 2.2 per cent – from April.

Chancellor Rishi Sunak announced the rise in his Budget last month, among a raft of other measures, including the extension of the stamp duty holiday.

He confirmed the move after the Spending Review in November, which had initially revealed the new rate which was to apply from tomorrow, reports Birmingham Live.

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It was revealed workers can expect £345 extra per year if they are working full-time.

The rise will apply to two million of the lowest paid workers in the country.

Mr Sunak said in the Budget statement: “Over the course of this year, as the economy begins to recover, we are shifting our resources and focus towards getting people into decent, well-paid jobs.

“We reaffirm our commitment to end low pay, increasing the National Living Wage to £8.91 from April – an annual pay rise of almost £350 for someone working full time on the National Living Wage.”

For the first time, the government’s highest rate will also include those aged 23 and over – workers who previously fell under the lower wage bracket.

This means 23 and 24-year-olds who are currently on £8.20 an hour will see their pay jump by 71p to £8.91 from April 1, too.

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