The UK government announces a 6.7% increase in the National Living Wage to £12.21 and the National Minimum Wage to £10.00 per hour, benefiting over 3 million workers. The rise, highlighted by Chancellor Rachel Reeves, is a pivotal move aimed at improving living standards and stimulating economic activity. Young workers aged 18-20 will also see their minimum wage rise. Employment Rights Minister Justin Madders emphasized that economic growth should directly benefit working individuals, creating a cycle of increased spending that supports local economies.
More than 3 million workers in shops, restaurants, and workplaces across the UK will benefit from the boost as National Living Wage increases.
Chancellor Rachel Reeves added: 'This pay boost for millions of workers is a significant step towards delivering on that promise of a genuine living wage.'
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