Chancellor John Healey has confirmed the new minimum wage and National Living Wage rates for 2027. During his Autumn Budget statement on October 28, the Chancellor increased the National Living Wage by 3.9 per cent. This statutory rate adjustment means that approximately 2.3 million of Britain's lowest-paid workers will receive a pay rise next year. The announcement ensures a specific increase in earnings for millions of employees following the official Budget confirmation provided by the government.
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