UK minimum wage to rise by 3.9% to £13.20, Times reports
The National Living Wage is expected to climb to £13.20 an hour, with younger workers set for a smaller rise, Reuters reported.
- British Finance Minister John Healey will announce on Wednesday plans to increase the minimum wage by nearly 4%, the Times reported on Monday.
- The Low Pay Commission advises the government on minimum wage adjustments; in March, officials expanded the commission's remit to give it more scope considering labour market conditions for younger workers.
- Britain's National Living Wage for those 21 and older will rise to £13.20 from £12.71, a 3.9% increase, while the National Minimum Wage for younger workers increases to around £11.27 from £10.85.
- If confirmed in Wednesday's budget announcement, these increases take effect in 2027 and end a recent trend where younger workers' minimum rates rose faster than those for older employees.
- Badenoch has urged Healey to avoid "fictional cuts" while critics pressure him to address the "tsunami of costs" facing businesses amid broader economic concerns.
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Healey to Hike Minimum Wage
A briefing to the Times confirms that Healey will use Wednesday’s budget to raise the minimum wage by about 3.9%. But he is slowing the catch-up for young workers… The National Living Wage for those aged 21 and over is £12.71, which Healey will hike to about £13.20. The Youth rate is £10.85, which will…
UK Companies at Risk of 5.5% Minimum Wage Hike, Estimates Show
UK businesses could face an increase in the minimum wage of more than 5% next year unless Chancellor of the Exchequer John Healey decides to spare them another painful hike, according to estimates ahead of the budget on Wednesday.
Healey to 'increase minimum wage by 3.9 per cent'
Chancellor John Healey will reportedly hike the minimum wage by nearly four per cent at the Budget, setting the floor for wages for all over 21-year-olds at £13.20 for the next year. Healey is expected to deliver a huge pay increase of 3.9 per cent to low-wage workers on Wednesday, according to The Times. However, [...]
UK minimum wage to rise by 3.9% to £13.20, Times reports
British finance minister John Healey will announce plans to increase the minimum wage by nearly 4%, The Times newspaper reported on Monday. The UK national living wage, which applies to... -October 26, 2026 at 01:15 pm EDT MarketScreener
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