Tag: Rachel Reeves

Chancellor Reeves Announces 8.5% Minimum Wage Hike for 18-20 Year Olds, Sparking Business Alarm

Chancellor Reeves Announces 8.5% Minimum Wage Hike for 18-20 Year Olds, Sparking Business Alarm

Chancellor Rachel Reeves announces 8.5% minimum wage hike for 18-20 year olds to £10.85, effective April 2026, sparking support from unions but alarm from businesses already burdened by prior tax hikes.

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