NLW

abbreviation

1. National Library of Wales

Example Sentences

The NLW is a minimum wage that applies to eligible workers aged 21 and over, which is roughly 2.4 million low-paid workers in the U.K, according to the government.

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Converting to U.S. dollars that means an NLW of about $16.60 an hour, which as the chart shows — using data from earlier this year — puts the U.K. wage floor near the top of other developed economies.

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The main changes have been the age bands - the top rate originally was for those aged over 22, which was then changed to 21 and above in 2010, and became 25 and over when the NLW was introduced in 2016.

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The National Living Wage is lower than this, but the Resolution Foundation said the NLW had a beneficial knock-on effect to other low-paid workers.

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"It's vital that the NLW is set at a level that the economy can afford, without job losses or harming job creation," said Mike Cherry, the FSB's national chairman.

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