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Yes at present (April 2010) it is £3.57 per hour.

During term time children may work a maximum of 12 hours per week. This includes:

  • a maximum of two hours on school days and Sundays
  • a maximum of five hours on Saturdays for 13 to 14 year olds, or eight hours for 15 to 16 year olds

During school holidays 15 to 16 year olds may work a maximum of 35 hours per week. This includes:

  • a maximum of eight hours on weekdays and Saturdays
  • a maximum of two hours on Sunday

Ref: Direct Gov - Child Employment section

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Q: Is there a minimum wage for under 16 year olds in the UK?
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