Chancellor Sajid Javid has pledged to raise the National Living Wage to £10.50 within the next five years.
Speaking at the Conservative Party Conference, Javid claimed that the policy would ‘help the next generation of go-getters to get ahead’, with the government also planning to lower the age threshold for those who qualify from 25 to 21. This is part of a bid to make the UK ‘the first major economy in the world to end low pay altogether’.