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Podcast: Beyond Currency
Episode: 26 October 2021 - Sunak’s definition of generous may put him in a minority
Description: "The minimum wage in the UK is set to rise from £8.91 per hour to £9.50 with the change to be confirmed in tomorrow’s budget.
This means an increase of just over £1.000 a year for a full-time employee.
The rise will, in Chancellor Rishi Sunak’s words, ensure that working pays and goes some way to ensuring that low pay is eliminated in this Parliament.
The rise in the minimum wage could bring the Government a problem when negotiations begin for public sector employees, since it is more than twice the rate of inflation.
A payment of £5.9 billion has also been announce...