
Chancellor Rachel Reeves took aim at employers in her first budget, hitting them with higher taxes and raising the minimum wage, leaving young workers as the clear winners.
The minimum wage for 18 to 20-year-olds will rise 16 per cent to £10 as part of a plan to equalise the rate with older earners, while the national living wage got a 6.7 per cent top-up to £12.21 an hour.