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The Autumn Statement 2022 - Changes to the Apprentice National Minimum Wage

18/11/2022

Yesterday, Jeremy Hunt, Chancellor of the Exchequer revealed the Autumn Budget. What does this mean for apprentices? 

Jeremy Hunt MP reveals plans to ‘tackle the cost-of-living crisis and rebuild our economy’. Rebuilding is the main focus of the budget as a result the pandemic, along with the energy and inflation crises being felt worldwide. 

The Chancellor explains to Sky News, that the next two years are going to be ‘challenging’, with tax increases affecting millions and public spending receiving further cuts.

Hunt also announces his appointment of Sir Michael Barber ‘to advise me and my RHF the Education Secretary on the implementation of our skills reforms program me’, and as of now, there has been no notification of any change to the apprenticeship levy. However, there was no news of funding for Further Education with priority given to schools with a £2.3 billion boost in 2023-24, and then again in 2024-25.

So, are there any specific effects of the budget for individual apprentices? Yes, the Apprentice National Minimum Wage to increase by 9.7% to £5.28 from April 2023. Let us know your thoughts on this on AoA Connect: The apprentice national minimum wage will rise by 9.7 per cent to £5.28 from April 2023, the Treasury has announced today as part of the autumn statement.

To read the full speech given by former apprentice, Jeremy Hunt MP, click here to visit the official webpage.

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Jan Richardson-Wilde

CEO, Occupational Awards Limited

Jan is the CEO of Occupational Awards Limited, a Director of the National Skills Academy for Food and Drink and an FE College Governor. She has over 35 years’ experience in the education sector in strategic and operational management of training programmes with colleges, private training providers, local authorities the voluntary sector and not for profit organisations. Jan has previously been a board member of the Learning and Skills Council, chair of the North Yorkshire Training Provider network and Vice-Chair of Yorkshire Coast College and a Governor of the Grimsby Institute for Further and Higher Education. She has extensive experience of education policy, apprenticeships, qualification, and curriculum development as well as business improvement.

Jan joined OAL in 2019, a leading non-profit industry-focused Awarding and End-Point Assessment Organisation, supporting a wide range of employers and of key stakeholders to succeed and surpass expectations. Jan is committed to continuous improvement and enthusiastic about improving the effectiveness, impact and quality of apprenticeships, education, and training in the UK and internationally. She has a wide range of experience of working in a collaborative context with employers and training providers to develop End Point Assessment, apprenticeships, and a wide range of vocational programmes.

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