The U.K. is to increase its national minimum wage to 9.50 pounds an hour ($13.06), providing a boost for millions of low-paid workers ahead of the budget this week.
The legal pay floor for people aged 23 and over will rise by 6.6% from 8.91 pounds starting on April 1, the Treasury announced in statement Monday.
The increase may prove politically expedient for Chancellor of the Exchequer Rishi Sunak as the prospect of a rapid spike in inflation puts the government under pressure to support the poorest households. It also plants him firmly in the territory of the opposition ...
moneycontrol.com’s Post moneycontrol.com 1,301,152 followers 19m #World | Iran slams Trump’s ‘false claims’, warns Hormuz will not stay open Read More: https://lnkd.in/dJpX-iu9 Like Comme...