Chancellor Sajid Javid pledges to raise minimum living wage during Tory conference

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Chancellor Sajid Javid pledges to raise minimum living wage during Tory conference. Source: Wikipedia

THE National Living Wage it set to be raised to £10.50 for all workers over the age of 21 by 2024 as was announced during the Conservative Party Conference today.

Previous minimum wage limits were set at £8.21 for workers over the age of 25, but Javid has pledged to raise the figure in relation to two-thirds of median average earnings.

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According to the Chancellor, this new raise will give around four million workers a well earned pay rise.

The previous National Living Wage was set at £8.21 for those 25 and over and £7.70 for 21 to 24.

For those between the ages of 18 and 20, the rate is currently set at £6.15.


During his speech, he also reassured the British people that the government will be facing the consequences with or without a deal, specifically aiming his words of encouragement at businesses “threatened by Labour Party politics.”

He also announced a massive billion pound investment to bring in an ‘infrastructure revolution’, rejuvenating road networks, internet and bus services.


Road projects are set to receive £25 billion, bus improvements £220 million and £5 billion towards digital infrastructure according to Chancellor Javid.

 




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