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UK NEWS 6/9
Healey to raise minimum wage by 3.9 per cent but slow youth wage rises
Chancellor John Healey is expected to increase the national living wage from £12.71 to £13.20 per hour, a 3.9 per cent rise, but will not accelerate pay rises for younger workers.
Chancellor John Healey is expected to announce a 3.9 per cent increase in the minimum wage in the Budget, raising the national living wage from £12.71 to £13.20 per hour for workers aged 21 and over. The national minimum wage for those aged 18 to 20 will also rise by 3.9 per cent, from £10.85 to around £11.27 per hour. The move marks a reversal of Labour's manifesto commitment to equalise wages for under-21s with older workers by removing 'discriminatory' age bands. Labour's previous two budgets had significantly increased the minimum for younger workers. The government has cited concerns from businesses about the cost of hiring younger staff and warnings about rising youth unemployment in its decision to slow the equalisation process.
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Summary written by AI from these reports. See news.today/ai
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