It's been reported prime minister, Rishi Sunak, could give a huge boost to the poorest workers in the UK by increasing the living wage to £10.40 an hour.
They have agreed to increase pensions and benefits in line with inflation, a move that will cost £11 billion and require deeper spending cuts and bigger tax rises elsewhere in an attempt to balance the books.He told world leaders at the G20 summit in Bali, that he would protect pensioners in his next statement.
He said: ‘My track record as chancellor shows that I care very much about those pensioners’ and added that extra cash for energy bills would be available over the winter for a group ‘especially vulnerable to cold weather.’ He said: ‘I’m someone who understands the particular challenges of pensioners. Conservative governments have got a good track record of protecting pensioners and in fact the state pension is about £700 higher than it otherwise would be as a result of the triple lock.’
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