The new statutory rates for 2023/2024 have been published. Statutory maternity, paternity, adoption, shared parental and parental bereavement pay will increase from April 2023 to £172.48 per week (previously £156.66). The rate for statutory sick pay will increase to £109.40 per week (previously £99.35)
Amendments to minimum wage and national living wage have also been increased.
In the Autumn statement, the first under new Prime Minister Rishi Sunak, it was confirmed that the National Living Wage (NLW), paid to those aged 23 and over, will rise to £10.42 from 1 April 2023. This is an increase of 9.7 %, the largest ever increase to the NLW, and ensures that the NLW continues on track to reach the Government’s target of two-thirds of median earnings by 2024.
| Age | Hourly rate from 1 April 2023 |
| 23 and over (National Living Wage) | £10.42 |
| 21-22 | £10.18 |
| 18-20 (development rate) | £7.49 |
| 16-17 (young workers rate) | £5.28 |
| Apprentices under 19 or over 19 and in the first year. | £5.28 |
The accommodation offset will be £9.10 per day (previously £8.70).