Millions of Brit workers set for pay rise as National Living Wage to increase
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Workers across the UK could be set for a huge pay rise.
Millions of Brits could be eligible for a salary increase. Currently the National Living Wage is £10.42 an hour, but it's set to rise.
It's believed Chancellor Jeremy Hunt will confirm a money increase to at least £11 an hour, reports BBC. The new amount would come into place next April.
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It's said Mr Hunt would confirm the news in a speech at the Conservative Party conference on Monday (October 2) in Manchester.
It is estimated increasing the National Living Wage could benefit 2million of the lowest-paid workers in Britain. Mr Hunt also plans to toughen sanctions for those on benefits who do not attempt to find themselves work.
The Tories said an increase to £11 an hour would mean the annual earnings of someone who works full-time would go up by £1,000 annually.
BBC reports Mr Hunt is expected to say in the conference: "Since we introduced [the National Living Wage], nearly 2m people have been lifted from absolute poverty.
"That's the Conservative way of improving the lives of working people. Boosting pay, cutting tax."
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The Chancellor is also said to announce ministers are going to again look at the benefit sanctions regime.
A benefit sanction tends to be imposed "if a claimant is deemed not to have complied with a work-related condition for receiving the benefit in question".
The chancellor is set to say: "Since the pandemic, things have being going in the wrong direction. While companies struggle to find workers, around 100,000 people are leaving the labour force every year for a life on benefits."
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