Millions of workers will benefit from a pay rise worth more than £1,000 per year from today. The new National Living Wage and National Minimum Wage rates have come into effect. The age threshold at which point a person qualifies for the National Living Wage has also been reduced. It means those aged 21 and 22 will now be better off, as they previously didn’t qualify for the highest possible minimum wage rate. The National Living Wage is now £11.44 per hour for people aged 21 or older, having previously been £10.42 for those at least 23 years old and £10.18 for 21 to 22-year-olds. The National …