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New UK government raises minimum wage

New UK government raises minimum wage

A 6.2-percent increase from April takes the so-called national living wage for workers aged 25 and over from 8.21 pounds to a minimum 8.72 pounds ( 10.79 to 11.52, 9.63 euros to 10.27 euros).Johnson, whose Conservative party’s recent general election victory came with support from economically struggling pro-Brexit areas, said it was the biggest increase since 2016.

The new government said almost three million people would benefit from the increase.

UK annual inflation stands at 1.5 percent, with consumers’ purchasing power under pressure from higher import prices following the EU referendum in 2016, which has weighed on the pound.

Johnson has been advised to repay the trust of voters in more disadvantaged areas, particularly in northern England, after he secured the Conservatives biggest majority since the 1980s.