Chancellor of the Exchequer John Healey is poised to raise the UK's national living wage by about 4%. He is expected to hold back from larger increases for younger workers, leaving the pay gap between adult and younger workers in place, amid concern that hiring costs are driving youth unemployment.
WHO:UK Chancellor of the Exchequer John Healey
WHAT:John Healey is poised to raise the UK's national living wage by about 4% while holding back from larger increases for younger workers.
WHEN:Reported Oct 26, 2026 at 2:15 PM ET
WHERE:United Kingdom
WHY:The increase is presented as a cost-of-living measure; the material also cites concern that hiring costs are driving youth unemployment.
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