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UK Economy · United KingdomA pay rise for 2.7million people has been announced by Rachel Reeves. On the eve of her make-or-break Budget, the Chancellor said the Government would increase both the minimum wage and the National Living Wage.
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Minimum wage to rise again from April to £12.71 for over-21s
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Rachel Reeves · United KingdomChancellor Rachel Reeves delivered her second Budget today, prompting mixed reactions from the retail sector. Reeves announced permanently lowered business rates for 750,000 retail, hospitality and leisure businesses, funded by higher rates for properties worth over £500,000 utilised by “warehouse giants”. While the customs duty relief on low value goods under £135 will also be scrapped from March 2029 at the latest, preventing online retailers …See the Story
