<
https://www.euronews.com/business/2023/10/02/uk-minimum-wage-set-to-rise-in-2024>
'Two million people will be affected by the increase. Full-time workers on the
minimum wage will earn £1,000 (€1,153) more next year, says the Conservative
Party.
Britain's minimum wage will be raised to £11 (€12.67) per hour, Finance
Minister Jeremy Hunt will confirm on Monday at the Conservative Party's annual
conference.
The change is due to take effect from the start of the next financial year,
April 2024.
According to pre-released extracts of Hunt's speech, he will explain how his
right-wing party is dedicated to "improving the lives of working people" by
"ending low pay".
The Conservatives have set a target to raise the National Living Wage to two
thirds of the median income by October next year.
The government says two million people will be affected by the expected
increase, with minimum earnings currently at £10.42 (€12) per hour.
Lagging behind in the polls, the Conservatives are trying to set out policies
ahead of nationwide elections expected by 2025.
Government forecasts in November revealed the UK faced its biggest drop in
living standards on record, with food and energy bills shooting up due to the
Ukraine war, Brexit and the COVID pandemic.'
Via
Future Crunch:
https://futurecrunch.com/226-eighth-continent/
Cheers,
*** Xanni ***
--
mailto:xanni@xanadu.net Andrew Pam
http://xanadu.com.au/ Chief Scientist, Xanadu
https://glasswings.com.au/ Partner, Glass Wings
https://sericyb.com.au/ Manager, Serious Cybernetics
