Rishi Sunak set to raise minimum wage to £10 an hour by next election

Asia's Tech News Daily

Rishi Sunak set to raise minimum wage to £10 an hour by next election

PAY could go up to as much as £10 an hour in three years' time as an initial increase to the minimum wage is expected this Wednesday.

It's expected to be announced in the Budget later this week that the National Living Wage will increase to around £9.42 per hour.

Rishi Sunak set to raise minimum wage to £10 an hour by next election

The Chancellor could be drawing up plans to hike wages by as much as £10 in the near future Credit: PA

Currently that compares to the £8.91 rate workers recieve.

The roughly £1.50 increase could be set to make up for Universal Credit cuts that hit 3.2 million working families at the begining of the month too.

Because borrowing is £135billion lower than predicted, Chancellor Rishi Sunak has more money for the three year spending review to be unveiled alongside his Budget.

That means experts are predicting minimum wage rates to hike to as much as £10.50 an hour by the time the next general election rolls around.

The next general election is due to take place on May 2, 2024, in just three years' time, coinciding with these predictions.

It's not the first time the claim has been made though as Boris Johnson demanded bosses give workers a decent pay rise, and as much as £10 an hour, at his big conference speech earlier in the month.

Plus some big bosses have taken it upon themselves to jump the gun of the hikes, offering out wages higher than the minimum in order to cover the shortfall of staff seen in recent weeks.

Sainsbury's and Morrisons are both offering above minimum wage as the supermarkets look to hire thousands of Christmas temps.

But not only are retail bosses hiking their wages, lorry drivers have been offered £1,000 joining bonuses as incentive amid shortages.

The incentives, of course, are to drive Brits back to the workplace after the fallout of Brexit and the end of furlough, but The Mirror reports this could reflect worse on our pockets.

It says that the higher wages to fill job vacancies, especially in the hospitality sector, are driving product prices up along with it – already making something like a pint cost as much as £6 in some areas.

But other measures are being taken to get more Brits in better standing with job roles.

Sunak is set to launch a £3billion skills revolution to train thousands of British workers for better-paid jobs.

The overall goal of the Budget announcement this Wednesday is therefore to build a high-wage economy and “level up” across the UK.

What is the minimum wage?

The majority of workers in the UK are entitled to receive the National Minimum Wage, but the amount they are paid is dependent on their age.

Currently, Brits aged 23 and over are entitled to the National Living Wage of £8.91, with a lower rate of £8.36 for 21 or 22-year-old workers.

The rate for under 21s is £6.56, under 18s get £4.62 and apprentices should be paid at least £4.30 per hour.

You must be at least 16 years of age to get the minimum payment, but you're entitled to it even if you just do part-time work.

Boris Johnson vows truckers shortage will not force him to bring back ‘low-wage immigration’


Do you have a story for The Sun Money team?

Internet Explorer Channel Network
Asia's Tech News Daily
News Related


France detects highly pathogenic bird flu on poultry farm in north - farm ministry

PARIS (Reuters) – France has detected a highly pathogenic bird flu virus on a poultry farm in the north of the country, the farm ministry said on Saturday. The authorities, ... Read more »

'Profanity, jeering': UNH president seeks apology from students protesting sex assault

University of New Hampshire President James Dean is seeking an apology from students protesting an alleged sexual assault on campus, for using profanity, jeering and ridiculing him when he tried ... Read more »

Storm Arwen: Second man killed after being hit by falling tree

© Getty Images storm arwen.jpg A man has died after a tree fell on him in Ambleside, Cumbria Police said. Police, ambulance and fire service personnel all attended Vicarage Road ... Read more »

How to eat: charcuterie

Photograph: Glasshouse Images/Getty Images Had you taken a random sample of 200 British people 20 years ago, hardly any of them would have heard of charcuterie. Today, the air-dried landscape ... Read more »

'He was always the star', 'Such an exciting talent' - Journalist raves over Leeds ace

© Provided by This is Futbol Joe Gelhardt Speaking on the latest episode of The Athletic Football Podcast, George Elek has labelled Leeds youngster Joe Gelhardt as a ‘star’ and ... Read more »

Be selective! Going may get tough for India Inc in coming quarters

Markets experienced Friday blues and erased the long-standing gains made till lifetime highs of 18,600. Although the sell-off eased a bit as the week passed by, the nervousness among market ... Read more »

D-Street Week Ahead: Market to remain jittery; defensive sectors may shine

The Indian equity markets were just consolidating and trying to find a base for themselves in the first four of the last five trading sessions. However, the final session on ... Read more »

DWP confirms benefit cap rates will remain unchanged as payments rise - rules explained

Universal Credit, PIP and other benefits will be rising from April 2022 as the DWP confirmed payments will increase by 3.1 percent in 2022, in line with the Consumer Price ... Read more »

Knicks face tough test vs. red-hot rival Hawks

The Hawks are starting to play like the club that routed the Knicks in five games in the first round of last spring’s NBA playoffs and advanced all the way ... Read more »

WHO avoids Greek alphabet Xi and names new Covid variant Omicron. Here's why

© Provided by Hindustan Times WHO skipped Nu and Xi. (Photo: Twitter/@MartinKulldorff) The new variant of Covid identified first in South Africa has been named Omicron by the World Health ... Read more »

HT legal team bags 2 awards at 7th edition of INBA Annual Awards

© Provided by Hindustan Times The “Legal Team of the Year 2021” was given by INBA on Constitution Day.  (HT Photo/Sanjeev Verma) HT Media Limited’s legal team, headed by Dinesh ... Read more »

As fear of new COVID-19 strain grows, Maharashtra Health Minister makes BIG demand from PM Narendra Modi

© Provided by DNA Amid the rising fear of the third wave of COVID-19 and the new SARS-CoV-2 variant B.1.1.529 – dubbed as a ‘variant of concern’, the Maharashtra government has ... Read more »

‘Super-messy but incredible': UK supermarket luxury mince pies tested

Photograph: Linda Nylind/The Guardian Aldi Specially Selected all-butter mince pies, £1.49 for six An Aldi Specially Selected all-butter mince pie Photograph: Sarah Lee/The Guardian Overall 3/10. Unpleasant cold. Much better ... Read more »

Traore returns, Lage axes £60k-p/w beast in 2 changes: Wolves predicted XI v Norwich - opinion

© Provided by Football FanCast Lage 2 After securing a 1-0 win over West Ham United last weekend, Wolves are back in action today with an away clash against Norwich ... Read more »

Solomon Islands police find three bodies after riots

© AP PRI212220233.jpg Solomon Islands police have found three bodies in a burned-out building, while more than a hundred arrests were made following rioting in the South Pacific capital in ... Read more »

Stephen Sondheim: Musical theatre's greatest composer dies aged 91

American composer and songwriter Stephen Sondheim has been praised as a “musical theatre giant of our times” after his death aged 91. The great composer and lyricist died at his ... Read more »

Liverpool eye up move for 'incredible' attacker with Salah-esque scoring return in 2021/22

Liverpool are among a host of top clubs still interested in signing Fiorentina sensation Dusan Vlahovic, according to a report which has emerged. © Provided by Transfer Tavern fiorentina star ... Read more »

Holiday camp chain Butlin's to be put up for sale amid staycations boom

The owner of Butlin’s is preparing to put it up for sale amid a boom in British staycations, sparking a potential bidding frenzy for the country’s best-known chain of holiday ... Read more »

Nigel Pearson offers verdict on Bristol City individual playing for his future

© Provided by Football League World Championship – Coventry City v Bristol City Callum O’Dowda is one of six players who will become a free agent at the end of ... Read more »

Shirley Ballas reveals kidneys are cancer-free after health scare

Shirley Ballas has revealed her kidneys are cancer-free after a recent health scare. © Bang Showbiz Shirley Ballas’ kidneys are cancer-free after a recent health scare The 61-year-old ‘Strictly Come ... Read more »

Peng Shuai: Man claiming to be her friend says WTA chief ‘ignored' her email asking not to be disturbed

File: An email, allegedly written by Peng Shuai, was shared by a man who claims to be her friend (AP) A man who earlier shared a video of Chinese tennis ... Read more »

Several key documents about commuter housing have disappeared from the Storting: “Unacceptable”

Several key documents about commuter housing have either been deleted or otherwise disappeared from the Norwegian parliament’s (Storting) archives. “Unacceptable,” President of the Storting Masud Gharahkhani says. The Storting’s regulations ... Read more »

Labour calls on Government to boost UK's Covid-19 defences

The Labour Party has called on the Government to boost the country’s Covid—19 defences after a new variant was discovered in South Africa. The new strain – designated Omicron – ... Read more »

Preece backs Gerrard to recall 'outstanding' £50k p/w Villa ace today after training reveal

Ashley Young will replace Emiliano Buendia in Aston Villa’s starting line-up for their Premier League clash with Crystal Palace, The Birmingham Mail‘s Ashley Preece has predicted. © Provided by Transfer ... Read more »

The Hall case in the Poconos and malice in the US | Moving Mountains

Kenosha, Wisconsin is 779.0 miles from the capitol of our Poconos. Brunswick, Georgia is 874.8 miles away. Yet they have one thing in common with us: Americans are killing Americans. ... Read more »

Ava White: Four teens arrested on suspicion of murder in Liverpool after girl, 12, dies

Ava White: Four teens arrested on suspicion of murder in Liverpool after girl, 12, dies Four teenage boys have been arrested on suspicion of the murder of 12-year-old Ava White ... Read more »

Nokes condemns fellow Tory Dorries for ‘denouncing' Stanley Johnson allegation

Tory MP Caroline Nokes has criticised Culture Secretary Nadine Dorries for using “considerable influence and power in the media” to dismiss her allegation of inappropriate touching against Stanley Johnson, the ... Read more »

Catching a wake up with tofu and turmeric

© Provided by Independent Online (IOL) Surf Riders Café Where: 17 Erskine Terrace, South Beach Open: Daily 6.30am to 5pm, 6pm on Friday and Saturday. Call: 062 747 7037 We’re ... Read more »

Ramaphosa to meet with National Coronavirus Command Council on Saturday

© GCIS. FILE: President Cyril Ramaphosa addressing the nation on 11 July 2021. JOHANNESBURG – President Cyril Ramaphosa will meet with the National Coronavirus Command Council on Saturday. This comes ... Read more »

'Shape shifting' US painter Mark Bradford explores racial tensions in Portugal show

© PATRICIA DE MELO MOREIRA US artist Mark Bradford has a major new show, entitled “Agora”, in the Serralves Foundation in Porto, north Portugal In his first major show in ... Read more »

Turkish lira crisis hits Idlib in Syria

© Provided by Al Jazeera Many people in Idlib borrow money to buy groceries, or ask shop owners if they could pay them back later [Ali Haj Suleiman/Al Jazeera] Jamil ... Read more »

Chelsea defender Silva is a 'future manager,' claims Morris

© Provided by Daily Mail MailOnline logo Chelsea defender Thiago Silva will ‘definitely’ be a manager in the future according to Jody Morris. The 37-year-old Brazilian has made a giant ... Read more »

Bubble Gang creators on how they've retained audiences for 25 years: 'Relevance and humor'

THSP | Michael V. and Caesar Cosme Keeping a show running for over 25 years isn’t an easy feat, so how is “Bubble Gang” doing it? “Relevance and humor,” Michael ... Read more »

Philippines logs 899 new COVID-19 cases; active cases at 17,052

© Danny Pata A senior citizen waits for her turn to receive a booster dose of Moderna COVID-19 vaccine while her cousin, also a senior citizen, receives one at Justo ... Read more »

Truck drivers really aren't surprised that the industry's struggling to hire and retain workers

© Mike Raabe/Getty Images Truckers told Insider that prolonged periods away from home, coupled with generally low pay, had made it an undesirable job. Mike Raabe/Getty Images Truckers say the ... Read more »

Sheridan Smith 'threatened to SACK her team in backstage misogyny row'

© Provided by Daily Mail MailOnline logo Sheridan Smith reportedly had a backstage meltdown and threatened to sack her team in a shock row about misogyny amid her appearance on ... Read more »

Dh10bn housing package for Emiratis in Abu Dhabi to mark UAE turning 50

© Provided by The National The housing package was the directive of Sheikh Khalifa bin Zayed, President of the UAE, and Sheikh Mohamed bin Zayed, Crown Prince of Abu Dhabi ... Read more »

Why Space is One of the Strongest Pillars of a Healthy Relationship

© Provided by News18 Why Space is One of the Strongest Pillars of a Healthy Relationship It is one of the most beautiful feelings to fall in love and then ... Read more »

‘India Art Fair shouldn't be this huge thing we do once a year, then disappear'

The India Art Fair’s start-of-the-year dates ensured that as countries began shutting down amid the pandemic, the four-day Delhi event was already over. But 2020 saw other international fairs fall ... Read more »

The Billie Eilish flex: The wolf cut is the trendiest hairstyle of 2022

© Provided by Lifestyle Asia Popularised by Billie Eilish, the wolf cut is gaining ground as 2021 draws to a close, and looks set to become one of the star ... Read more »
On free-english-test.com you will find lots of free English exam practice materials to help you improve your English skills: grammar, listening, reading, writing, ielts, toeic