Tory conference: National Living Wage to rise to £10.50, says chancellor

Chancellor Sajid Javid has pledged to raise the National Living Wage to £10.50 within the next five years. Speaking to a packed hall at the Tory Party Conference, Mr Javid said the policy would "Help the next generation of go-getters to get ahead". The current rate for over 25s is £8.21 - but the Living Wage Foundation says it should already be £9 across the UK and £10.55 for those in London. Earlier this year, Labour pledged to raise the National Living Wage to £10 an hour in 2020 and to include all workers under 18 - who currently get a minimum wage of £4.35. With the prime minister looking on from the audience, Mr Javid told his party the living wage pledge would make the UK "The first major economy in the world to end low pay altogether".

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