UK Budget to raise minimum wage, but 18-20 year-olds excluded from full increase

Chancellor John Healey will announce new minimum wage rates in the upcoming Budget, with a rise for most workers but a smaller increase for 18-20 year-olds. The move signals a policy choice to differentiate pay by age, potentially affecting youth employment and cost-of-living support. Details on the exact rates and broader household measures remain pending until the Budget statement.

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