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Chancellor Rishi Sunak announces increase in National Living Wage
hereMr Sunak said: “Taken together, these minimum wage increases will likely benefit around two million people.”On departmental spending, the Chancellor said it will total £540 billion next year before noting: “Over this year and next, day-to-day departmental spending will rise, in real terms, by 3.8 per cent – the fastest growth rate in 15 years."In order to receive the National Minimum Wage, you must be of school leaving age.And in order to get the National Living Wage under current arrangements, you must be aged 25 as the minimum wage applies to those beneath this age range.However, Mr Sunak announced an extension of the NLW to those who are 23 and above.He warned the economic emergency caused by coronavirus has only just begun and there
