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National living wage due to rise to £8.72 in April, falling short of George Osborne’s £9 target
The government has missed a Conservative party target to set a national living wage of £9 an hour by 2020 following weaker than expected average pay growth across the British economy.
In an end-of-year flourish designed to woo low-paid workers after his election victory, Boris Johnson announced on Tuesday that almost 3 million workers would benefit from an above-inflation increase in the national living wage to £8.72 from April. Continue reading...