Rachel Reeves will announce Labour’s first Budget in 14 years tomorrow, with an above-inflation six per cent increase to the national wage signed off by the chancellor, benefiting 1.6 million workers. The new national living wage of £12.12 and £12.20 is set to be revealed, along with additional NHS funding for two million extra appointments. Keir Starmer warned of economic challenges, while the prime minister faces criticism for raising the bus fare cap to £3 at the end of the year.
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