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Budget 2021: National Living Wage set to increase for millions to £9.50 an hour

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The National Living Wage for millions of Brits is set to rise to £9.50 an hour. Chancellor Rishi Sunak is expected to announce the change in his autumn budget on Wednesday.

The Treasury confirmed the move that will see the hourly rate rise from £8.91 to £9.50 for those aged 23 and over. This means that millions of people will see an increase to their wages from April 2022. READ MORE: What to expect from Rishi Sunak's autumn budget - and what it could mean for you The National Living Wage is higher than the National Minimum Wage.

The National Minimum Wage is the minimum pay per hour most workers are entitled to by law. Following changes on April 1 this year, employers currently, by law, have to pay workers at the following rates: Aged 23

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