Browsing: living

Millions of workers across the UK will see a rise in wages next year as Chancellor Rachel Reeves announces an increase in the National Living Wage, boosting it by 6.7% from April 2025. This change lifts the National Living Wage from £11.44 to £12.21 per hour, providing a £1,400 annual increase for a full-time worker and moving the Government closer to its commitment of establishing a “genuine living wage” for UK workers. The announcement also revealed a record increase in the National Minimum Wage for 18 to 20-year-olds, rising from £8.60 to £10.00 an hour. This £1.40 increase is set…

With the Autumn Budget just days away, concerns are mounting across all sectors about the rising cost of living and its impact on businesses and entrepreneurs. Health Secretary Wes Streeting has warned of “difficult and big choices” ahead, while Shadow Chancellor Rachel Reeves faces the challenge of addressing a £14 billion deficit in the budget. As the government prepares for this critical financial announcement, there is growing consensus that the budget must go beyond short-term investments and deliver comprehensive reforms across all sectors. Sustainable spending solutions and future-proofing measures have never been more urgent. Businesses are particularly anxious about how…