The minimum wage will rise to £12.21 an hour next year as the Chief Secretary to the Treasury, Darren Jones, confirmed a 6.7% increase ahead of Wednesday’s Budget. The increase, recommended by the Low Pay Commission, will mean an extra £1,400 a year for a full-time worker earning the main minimum wage rate, known as the national living wage, from April 2025. Report by Covellm. Like us on Facebook at http://www.facebook.com/itn and follow us on Twitter at http://twitter.com/itn
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00:00Well, I'm delighted that the government can announce today the national living wage will
00:03increase by nearly 7%, which for a full-time worker will mean an increase of over £1,400
00:10a year. This is a down payment on commitment to make living standards improve for working
00:14people across the country, and I know it will be good news for workers in receipt of that
00:18increase in their wages in due course.
00:20I think we're all clear that a pro-worker, pro-business approach to the economy is the
00:24right approach, and investing in your workforce is a great way to improve your productivity,
00:29and not least because you'll have more people across the country with more money in their
00:33pocket being able to spend it in the economy.