2,500 working people in Powys will see a pay boost as the Chancellor has announced a 6.7 per cent increase to the National Living Wage.

The pay increase is worth £1,400 a year for an eligible full-time worker.

The National Minimum Wage for 18 to 20-year-olds will also rise from £8.60 to £10.00 an hour - the largest increase in the rate on record.

This £1.40 increase will mean full-time younger workers eligible for the rate will see their pay boosted by £2,500 next year.

The move came ahead of the Budget announcement today.

It will be Labour's first Budget for 14 years.

Chancellor of the Exchequer Rachel Reeves said:  “This Government promised a genuine living wage for working people. This pay boost for millions of workers is a significant step towards delivering on that promise.” 

Business Secretary, Jonathan Reynolds said: “Good work and fair wages are in the interest of British business as much as British workers.

“This government is changing people’s lives for the better because we know that investing in the workforce leads to better productivity, better resilience and ultimately a stronger economy primed for growth.”