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.
