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UK National Minimum Wage Set to Rise by Nearly 4%

Chancellor John Healey is expected to announce a nearly 4% increase to the UK national minimum wage following the upcoming Budget. This adjustment is projected to provide a pay rise for approximately 2.3 million workers across the country, aligning younger workers' rates more closely with those of older staff.

Referenced News Coverage (3 sources)

What is the national minimum wage and how much is it going up after the Budget? (Evening Standard)
Healey ‘to announce UK minimum wage will rise by nearly 4%’ in new boost for workers (The Independent UK)
Chancellor backs off Labour's push to equalise minimum wage for under-21s... as rate is set to rise 3.9% (Daily Mail)