Rachel Reeves announces National Living Wage rise

A pay rise for 2.7million people has been announced by Rachel Reeves . On the eve of her make-or-break Budget, the Chancellor said the Government would increase both the minimum wage and the National Living Wage .

From April 1, the living wage will rise by 4.1% to £12.71 per hour for eligible workers aged 21 and over. This will increase the gross annual earnings of a full-time worker on the living wage by £900, benefiting about 2.4million low-paid workers. The minimum wage rate for 18 to 20-year-olds will also increase by 8.5%, to £10.85 per hour. This will mean an annual earnings increase of £1,500 for a full-time worker.

In the long run, the Government wants to end the 18-20 band entirely so that everyone aged 18 or over is eligi

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