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.
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.