 recommendations ensure the NLW continues on track to reach the Government's target of two-thirds of median earnings by 2024. The National Living Wage will see its largest ever cash increase, and all National Minimum Wage rates will also receive a boost from April 2023.    This will help reward workers for hard work and make significant progress on ending low hourly pay by 2024-25. #AutumnStatement pic.twitter.com/RWsMc4mTxx— HM Treasury (@hmtreasury) November 17, 2022 This is a breaking news story, more to follow soon… Check back shortly for further updates. Got a story? Get in touch with our news team by emailing us at webnews@metro.co.uk. Or you can submit your videos and pictures here. For more stories like this, check our news page. Follow Metro.co.uk on Twitter and Facebook for the latest news updates. You can now also get Metro.co.uk articles sent straight to your device. Sign up for our daily push alerts here.){kind=link}
NEWS… BUT NOT AS YOU KNOW IT
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Around two million people are about to get a payrise thanks to an increase in the National Living Wage, it was announced today.
Chancellor Jeremy Hunt announced the National Living Wage will rise from £9.50 to £10.42 an hour in his budget speech in the House of Common.
This is an increase of 92 pence or 9.7 per cent. This represents an annual pay rise worth over £1,600 to a full time worker, Hunt said.