Millions are due to get a boost in their wages as the Government announces a rise in the National Living Wage
Millions of workers will soon get a pay increase after UK chancellor Jeremy Hunt unveiled plans to boost the National Living Wage.
The NLW is a minimum hourly pay rate that is intended to ensure a basic living standard for workers aged 23 and over. It is designed to help reduce rates of in-work poverty and "incentivise work". Currently, the NLW is £10.42 but this is set to change. The Government claims the announcement means a full-time worker on the NLW will be over £9,000 better off than they would have been in 2010. However, everyday expenses cost far more now than they did over a decade ago.
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