John Healey to Raise UK National Living Wage 4%

Chancellor of the Exchequer John Healey is expected to raise the national living wage in the United Kingdom by approximately 4% during Wednesday's budget announcement.

The proposed increase will also apply to workers aged 18 to 20, who will receive a wage rise of the same percentage. By implementing parallel increases for both groups, the government will maintain the existing pay gap between youth and older workers.

Officials indicated that the decision to keep the pay gap intact is driven by growing concerns regarding youth unemployment.