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Will Rishi Sunak’s national living wage rise really help ease the cost of living squeeze?
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With a severe cost of living squeeze hitting Britain this winter, Rishi Sunak is betting that an increase in the minimum wage will dispel criticism that the Tories are idly standing by.
In the latest sneak preview of Wednesday’s budget, the chancellor has signed off on a 6.6% increase in the national living wage from £8.91 an hour to £9.50, designed to help Britain’s lowest-paid workers.
On the surface this appears a hefty increase, and a significant boost for the millions on low incomes, given the warnings of an inflationary burst reminiscent of the 1970s, with the rise in the cost of living expected to hit almost 5% in the months ahead.
However, scratch a little deeper and not everything is hunky dory. Rather than going above and beyond,
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