On 29 October Chancellor P. Hammond delivered his final budget speech to the House of Commons before the UK formally leaves the EU and with it he hailed ‘The era of austerity is finally coming to an end.” The 2019 budget includes a significant increase in the national living wage, an national life-long training plan, funds for easing the transition path away from the EU, as well as a new digital services tax.
As of April 2019 the UK’s National Living Wage will jump to £8.21 an hour (€9.20) up from £7.83 (€8.80) currently. 2.4 million workers aged 25 or over and working in Britain will see their pay packets rise by 4.9%. Those aged between 21 and 24 will also see their hourly rate increase by 4.3% to £7.70 (€8.60), while those between 18 and 20 will receive a 4.2% increase to £6.15 (€6.90), those between 16 and 17 will see their rate increase by 3.6% to £4.35 (€4.80), and apprentices will not lose ou
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