Giving those most in need a pay rise

Yesterday, the government increased the National Minimum Wage to tackle the cost of living and put more money in people's pockets – particularly during this time of disruption. 
  • The National Living Wage will see its biggest ever increase to £8.72 – meaning more money in people’s pockets to spend on their priorities – and this will continue to rise to £10.50 by 2024.
  • At the same time and in light of the pressure on businesses caused by the outbreak of the coronavirus, the government has unveiled a comprehensive package of support to protect businesses, including an initial £330 billion of guarantees for businesses, £20 billion in business rates support and a new Coronavirus Job Retention Scheme to help pay people’s wages. 

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