ITV News published this video item, entitled “Robert Peston: UK living wage set to rise to £9.50 in upcoming Budget | ITV News” – below is their description.
When Wednesday comes and the Chancellor presents his budget, he and the Prime Minister will nudge forward their commitment to end low pay.
The minimum wage, or National Living Wage as it is known for the Over 23s, is going up, above inflation, to £9.50 an hour.
That’s a thousand pounds a year for a full time worker. It will also rise for the Under 23s, with apprentices getting the biggest hike.
So good news all round, but the pay rises won’t come in until April and the cost of living is rising rapidly. Petrol reached an all time high today.
So it has raised some obvious questions. Is this enough? How much more is left to announce on Wednesday?
And finally, how on earth is Mr Sunak going to pay for what he’s announced already?
ITV News YouTube Channel
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