Chief Secretary to the Treasury Laura Trott announces the “biggest ever increase” to the National Living Wage, a rise of 9.8% to £11.44 per hour from April 2024. Report by Blairm. Like us on Facebook at http://www.facebook.com/itn and follow us on Twitter at http://twitter.com/itn
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00:00 fantastic news, we're announcing the biggest ever increase to the national living wage.
00:04 It's worth £1,800 for a full-time worker, going up by 9.8%, that's £11.44 per hour.
00:12 This is a pay rise for up to 3 million workers and is part of our commitment to make sure
00:18 that we make work pay and that we eliminate low pay.
00:20 In the last year, the Prime Minister and Chancellor have made some really difficult decisions
00:25 in the national interest because if you think about a year ago, the Bank of England were
00:28 predicting a recession, inflation was at 11% after the energy price shocks that we saw.
00:34 After some difficult decisions that they've taken this year, we've met the Prime Minister's
00:38 commitment to halve inflation, that's going to make a massive difference to people at
00:42 home now and now we're really focused on growth and making sure that we bring the tax burden