Rachel Reeves increases minimum wages and carer earning limit

As promised in our manifesto, we ask the Low Pay Commission to take account of the cost of living. For the first time. I can confirm that we will accept the Low Pay Commission recommendation to increase the National Living Wage by 6.7% to £12.21 an hour, worth up to £1400 a year for a full time worker. And for the first time we will move towards a single adult rate phased in over time by initially increasing the National Minimum Wage for 18 to 20 year olds by 16 by 16.3% as recommended by the Low Pay Commission, taking it to £10 an hour. Carers Allowance currently provides up to £81.90 per week to help those with additional caring responsibilities. Today I can confirm that we are increasing the weekly earnings limit to the equivalent of 16 hours at the National Living Wage per week, the largest increase in Carers Allowance since it was introduced in 1976. This means that a carer can now earn over £10,000 a year while receiving Carers Allowance, allowing them to increase their hours where they want to and keep more of their money.