Rishi Sunak will increase the minimum wage to help the poorest

Cost of living payments were guaranteed to retirees and benefit seekers.

As he prioritises helping the poorest above universal policies, Rishi Sunak will announce a major increase in the national living wage and provide cost of living subsidies of up to £1,100 to eight million households.

The prime minister and Jeremy Hunt, his chancellor, will reportedly accept a formal suggestion to raise the living wage from £9.50 an hour to around £10.40 an hour, an almost 10% increase, according to information provided to The Times. 2.5 million individuals will profit from the change. According to a government source, the increase may possibly be larger.

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