The Chancellor will announce the move to the Conservative conference on Monday.
The national living wage is set to increase to at least £11 an hour from next April, with Chancellor Jeremy Hunt expected to confirm the move in a speech to the Tory party conference on Monday.
The Low Pay Commission estimates the rate required to meet that target should be between £10.90 and £11.43, with a central estimate of £11.16. “But I confirm today, whatever that recommendation, we will increase it next year to at least £11 an hour.“The wages of the lowest paid over £9,000 a year higher than they were in 2010 – because if you work hard, a Conservative Government will always have your back.”
The Chancellor will also warn that things have gone in the “wrong direction” since the pandemic when it comes to people out of work. “I am incredibly proud to live in a country where, as Churchill said, there’s a ladder everyone can climb but also a safety net below which no-one falls,” Mr Hunt will say.
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