AssetID: 56109134
Headline: UNCAPTIONED: Minimum Wage Set To Rise But Younger Workers Face Smaller Increase
Caption: Minimum Wage Set To Rise But Younger Workers Face Smaller Increase. The minimum wage is expected to rise in Chancellor John Healey's Budget, but workers aged 18 to 20 are set to receive a smaller increase than in previous years. The BBC understands their pay will rise at the same rate as the minimum wage for workers aged 21 and over. The Times reports the rate for 18-to-20-year-olds is expected to increase by 3.9%, from £10.85 to around £11.27 an hour. That is significantly smaller than the increases introduced over the previous two years, as Labour worked towards its pledge to eventually remove minimum-wage age bands. Business Secretary Jonathan Reynolds said the commitment to equalising rates remained in place but had always been intended to happen over time. He said the government needed to balance higher wages with pressures facing the labour market. Instructions: THIS VIDEO MUST NOT BE EDITED FOR LENGTH TO COMBINE WITH OTHER CONTENT
Keywords: Current Affairs & Politics,minimum wage,set to rise,younger workers,face,smaller increase,Chancellor,John Healey,budget,workers,18 - 20,previous years,BBC,rates,21 and over,from £10.85 to around £11.27 an hour
PersonInImage: