Home | FCA & regulatory news | British English edition
Trade Hub UK

Independent coverage of UK markets, FCA policy and institutional trading

AD LSEG Data AD CME Group Education AD Bank of England Statistics AD Investing.com Markets
FCA & Rules

Labour’s pledge to level-up minimum wage for under-20s before next election in doubt

Trade Hub UK briefing (2026-11-01): Labour looks less likely to meet its manifesto pledge to equalise the minimum wage for younger workers before the next election, after the chancellor failed… Primary source: original at The Guardian (theguardian.com).

Labour’s pledge to level-up minimum wage for under-20s before next election in doubt

Labour looks less likely to meet its manifesto pledge to equalise the minimum wage for younger workers before the next election, after the chancellor failed to guarantee the rise would happen within that timeframe.

John Healey said on Sunday the government was still committed to the increase but failed to spell out when it would be achieved. In the budget, a rise in the minimum wage was handed to adults – to £13.21– and under-20s – to £11.27 – but a larger rise for younger workers would have been needed to move towards equalisation.

Continue reading...