With inflation expected to rise over the coming months, there will be concerns as to whether the increase will be enough for people trying to make ends meet.
Millions of low-pay workers in Britain will get an inflation-busting pay increase next year after the government said Monday it will legislate to raise the National Living Wage to 9.50 pounds ($13) an hour from the current rate of 8.91 pounds ($12.25), AP reports.
Britain’s Treasury said the 6.6% increase, which will apply to workers age 23 and up starting in April, means a full-time worker making the living wage would get an increase of more than 1,000 pounds ($1,374.90) per year.
The increase is around double the current rate of inflation, which has gone up sharply in recent months following a big spike in energy costs, including at home and at the pump.
For workers ages 21 and 22, the government said it would increase the minimum wage to 9.18 pounds an hour ($12.62) from 8.36 pounds ($11.49).
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