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What to expect from today’s Autumn Statement

A hike in the Living Wage—and changes to Universal Credit

By Alex Dean  

Chancellor Philip Hammond ©Dominic Lipinski/PA Wire/PA Images

There will be a hike in the Living Wage, Philip Hammond will announce today. A reduction in the Universal Credit “taper rate” is also expected.

In his first Autumn Statement since becoming Chancellor—and the first since Theresa May pledged to help the “just about managing,” Hammond will announce an increase in the National Living Wage to £7.50 an hour in April 2017. It is currently £7.20. In addition, £4.3 million will be spent on enforcing the…

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