Uk media report on an imminent rise in the basic wage rate<p>UK Times (gated) with the info. </p><ul><li>UK PM Sunak will announce a significant rise in the national living wage</li><li>eight million households will get cost of living payments worth up to £1,100</li><li>The Times has been told that the prime minister and Jeremy Hunt, his chancellor, will accept an official recommendation to increase the living wage from £9.50 an hour to about £10.40 an hour -- a rise of nearly 10 per cent. </li><li>will benefit 2.5 million people</li><li> One government source suggested that the increase could be even higher.</li></ul>
This article was written by Eamonn Sheridan at forexlive.com.
Source: Uk media report on an imminent rise in the basic wage rate (https://forexlive.com/news/uk-media-report-on-an-imminent-rise-in-the-basic-wage-rate-20221114/https://forexlive.com/news/uk-media-report-on-an-imminent-rise-in-the-basic-wage-rate-20221114/)
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