Current Cost Of Living Increase 2024 Uk

Current Cost Of Living Increase 2024 Uk. The maximum cap for accelerated student fees will go up by £340 making the yearly maximum fee limit cost £11,440. Since 1 april, employees aged 21 and over have been entitled to the national living wage.

The minimum wage for over 21s, known officially as the national living wage, will rise by 6.7%, from £11.44 to £12.21 from april 2025. Increase in soft drinks industry levy to account for inflation and introduction of cpi duty each year going.