It’s that time of year where the government decide to bring out the Spring Statement red file and deliver either financial woes or wins for the nation.
And while Chancellor Rachel Reeves has not impressed with government reforms to welfare, due to effect over one million Brits receiving PIP or Universal Credit, there has been some light relief.
In the Spring Budget announced yesterday (26 March), Brits learnt that national minimum wage would be increasing for all age brackets come April.
The changes are as follows:
– National Living Wage (21 and over): £12.21 per hour (up from £11.44)
– 18 to 20 year olds: £10.00 per hour (up from £8.60)
– Under 18: £7.55 per hour (up from £6.40)
– Apprentices: £7.55 per hour (up from £6.40)
This means that Brits should, theoretically, have more pennies in their pockets come April’s pay packet. So, what can you get with an hour’s worth of work on minimum wage?
Well, it turns out if you put in some hard graft for just an hour then £12.21 can get you a fare amount.
And if you’re struggling to think what 60 minutes of the new national minimum wage can buy you then wonder no longer.
We’ve done the research to advise you on how to spend your money wisely, the definition of ‘wise’ is of course subjective – we’re no Martin Lewis.
Whether you want to get out of the country, or spend it dining on our finest British cuisine, then give our money guide a look below…
Let us know in the comment section what you think of Spring Budget – feeling good or not happy?