Increase in National Living Wage Will Benefit Two Million Workers
The national living wage increase represents a rise of over £1,600 for a full-time worker.
Photographer: Jose Sarmento Matos/BloombergThis article is for subscribers only.
The national living wage is to increase to £10.42 an hour from next April, giving a pay boost to an estimated two million workers.
The Chancellor said the 9.7% rise for workers aged 23 and over was the biggest ever cash increase for the statutory rate.