John Healey to Increase Minimum Wage by Nearly 4% but Slows Rise for Young Workers
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John Healey, the Chancellor of the Exchequer, is set to announce a nearly 4% increase in the minimum wage, with the national living wage rising from £12.71 to around £13.20. However, the rise for young workers aged 18 to 21 will be slower, increasing from £10.85 to around £11.27. This move effectively ends Labour's manifesto pledge to equalize the minimum wage for young people and older workers in this parliament.
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