Issued 25 November 2025

The cost of living is the number one issue for working people and the government will always take action to ensure people have more money coming in.

That is why the government has accepted the recommendations of the LPC to increase the National Living Wage and National Minimum Wage.

In a video message posted today, the Chancellor of the Exchequer, Rachel Reeves said:

I know that the cost of living is still the number one issue for working people and that the economy isn’t working well enough for those on the lowest incomes.

Too many people are still struggling to make ends meet.

And that has to change.

That’s why today I’m announcing that we will raise the National Living Wage and also the National Minimum Wage, so that those on low incomes are properly rew

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