Rachel Reeves described the move as a "significant step" towards delivering on Labour's manifesto promise to introduce a "genuine living wage for working people".
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, but it still falls short of the £12.60 per hour UK living wage calculated by the Living Wage Foundation.
The Chancellor also announced that the minimum wage for people aged 18-20 would rise to £10 an hour, an increase of £1.40.
This story is from the October 30, 2024 edition of The Herald.
Start your 7-day Magzter GOLD free trial to access thousands of curated premium stories, and 9,000+ magazines and newspapers.
Already a subscriber ? Sign In
This story is from the October 30, 2024 edition of The Herald.
Start your 7-day Magzter GOLD free trial to access thousands of curated premium stories, and 9,000+ magazines and newspapers.
Already a subscriber? Sign In
ANOTHER SHAMBLES
BUT ROONEY INSISTS HE IS THE RIGHT MAN FOR THE JOB
Shocking Pilgrims humiliated by heavy defeat to Coventry
THERE was Boxing Day humiliation for bottom-of-the-table Plymouth Argyle as Coventry City thrashed them 4-0 to pile the pressure on Wayne Rooney.
Shopfitting B team get the better of clubmates
SHOPFITTING by SWS C welcomed the B side in Division One and both teams played some brilliant Table Tennis throughout the evening with the B team winning 8-2.
Barker is back with Gladiators in 2025
PLYMOUTH Gladiators promoter Mark Phillips said it was a \"no brainer\" to bring crowd favourite Ben Barker back to the Coliseum for 2025.
Spending wrangles in 2025 for Reeves
RACHEL Reeves will enter 2025 with the economy flatlining, inflation rising and a looming Whitehall spending review which experts warn will be \"difficult\".
Mild weather for Boxing Day swims
BOXING Day swimmers and walkers saw a grey and mild day with some drizzle in places, the Met Office said.
Concern continues to grow for missing man
POLICE in Scotland are increasingly concerned about a missing man from London who is thought to be in the Highlands.
Mourning crash victims
AZERBAIJAN observed a nationwide day of mourning on Thursday for the victims of a plane crash in which 38 people were killed and all 29 survivors injured as speculation mounted about the possible cause of the incident.
Ban for bee-killing pesticides planned
'EMERGENCY USE' AUTHORISED SINCE 2021
Centre's new winter campaign
DONATIONS TAKEN UNTIL JANUARY 10
