The Chancellor of the Exchequer, Phillip Hammond, has announced his first Autumn Statement since the Brexit vote in June this year. Here is a summary of the announcements. The Office for Budget Responsibility (OBR) which provides the economic forecast, has said the UK’s growth is forecast to be 2.1 per cent in 2012; higher […]
Tag: national living wage
National living wage for over 25s now in force: What do you think of it?
Millions of workers over the age of 25 have received a pay rise as of Friday, April 1 as the new national living wage has come into force. Unions welcomed the £7.20 hourly rate for adults, increasing by 50p from £6.70. Despite this, they said it was not fair that younger workers […]