Definition of minimum wage

The lowest wage that can be paid by law to a worker to provide enough to live on.

In the UK, from 1 October 2015, the main rate of the National Minimum Wage (NMW) for workers aged 21 and over was £6.70, increasing from the current £6.50 (with lower rates for younger people and apprentices, so that for example the rate for those between 18-20 years of age is £5.13). [1]