Millennials

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Chancellor, Sajid Javid has pledged to raise The National wage to £10. 50 within the next five years.

It also reduces the age limit for those who qualify, from 25 to 21.

Talk-filled hall at the Tory party conference, Mr Javid said the policy would help", the next generation of go-getters, in order to move forward".

The current exchange rate for over 25s is £8. 21 - But The Living wage Foundation says That it is already £9 in the UK and £10 should. 55 for those of you in London.

Earlier this year, labour pledged to increase The National wage to £10 per hour in the year 2020, and who is currently a minimum wage of £4. 35.

Labour's shadow chancellor, John Mcdonnell , called to Mr Javid on the announcement of a "pathetic attempt" catch-up".

Mr Javid also £25bn for road projects, £220m for bus improvements and £confirmed 5 billion for the digital infrastructure in his speech, together with the additional funds for The Youth services.

The Tories have to spend a raft of announcements, so far at their party conference in Manchester.

But the conference was overshadowed by the accusations That Boris Johnson pressed the legs of a journalist during a lunch break denies in 1999 - the Prime Minister .

Charlotte Edwardes made the claims in a column in the Sunday Times, and said That the watch will not be the same for Another Woman in The Room .

The BBC's Laura Kuenssberg , said a rumor is circulating already in the conference, The Other woman journalist Mary Wakefield was - to say The Wife of the PM's chief adviser, Dominic Cummings , But she has released a statement: "there is nothing like That ever happened to me".

'labour party'

With the Prime Minister , The First large economy to be Looking On from The Audience , Mr Javid said his party would promise to pay would be the UK - "in The World -end-low-pay together".

He said cutting the threshold of the 21st century "reward would be the hard work of all the Millennials " - But it will come in two stages, with the 23-year-old qualifying for The Rise in 2021, and 21-year-old up to the year 2024.

"It is clear, it is the Conservatives who are The Real labour party - we are the workers party," he told the delegates.

Business groups sound a note of warning about the possible impact of the Directive.

The Ceo of The British Retail Consortium, Helen Dickinson said That there is nothing "wrong with the alignment of higher wages", But "all of this adds to the cumulative burden That you have seen its toll on the retail sector".

Neil Leitch, chief executive of the Early years Alliance, a charity That represents nurseries, said: "A rise in The National wage is fantastic for younger workers, But for the early years sector, this may carry an additional cost That can not afford to many suppliers to. "

The TUC, in the meantime, said the Chancellor's promise "should be taken with a huge bucket of salt".

"This commitment would be overwhelmed added from a no-offer Brexit," General Secretary Frances O'grady. "If we leave the EU without a deal, jobs are lost, wages are falling, and our public services suffer. "

The National wage, it was argued by Chancellor George Osborne in 2016, But The Living wage Foundation, The Level should have been higher, to The Real needs of the employees and their families.

Director of the organization, Katherine Chapman said almost 6,000 companies in the UK were already "More Than the statutory minimum, and pay a Living wage covers the cost of living".

Other commitments

Chancellor:

He also confirmed £500m for The Youth .

The Youth investment Fund is going to do on the build-up of up to 60 new centres and the renovation of 360 the old so That Young People "somewhere to go, something to and someone to talk to".

However, the funding of youth services is not real, has fallen from More Than £870m in 2011/12 to £352m in 2017/18 - That is, the commitment, the expenditure to The Level of eight years ago.

"I appreciate That some companies provide, this is The Return of The Magic money tree. But you asked to grow it. "

That was the response from one of the UK trade body boss Sajid Javid 's announcement That he was going to. four million workers with a wage increase due to the increase in The National wage to £10 50 an hour over the next five years.

leaders who are here at the party Congress of the Conservative Party , are loathe to publicly object to the removal of low wages (defined as anything under 66% of the median national average).

are you concerned, However, That the government promises to win eye-catching and votes, while handing The Bill for you to business.

In truth, the government in the wage-promise is not as generous as it first appears. A Promise , the have seen in the year 2018 to The National wage at 60% of the median income, would the wages increase to almost £9. 50 by 2023 - so-targeting - £10. 50 up to 2025 is pretty close to the trajectory they were already.

The biggest disappointment is the lack of Details on how exactly the government intends to cushion the company against the costs of no-deal-disorder.

not With this in the last few Days , The Head of the CBI, Carolyn Fairbairn , was alone, and said she thought it had a missing page from the speech of the Chancellor

would have been for the Chancellor to pay an emergency package to a hefty price tag on no-deal. Something the government is understandably reluctant to do.

Mr Javid also confirmed That his government's resignation to the position of the EU on 31 October, echo the conference slogan, "Get Done Brexit".

"We leave the European Union ," he said. "It is not a question of if, it is a matter of Days up to 31 Days , deal or no deal". "

Earlier, in an interview with BBC Radio 4 's Today programme, he said the government had worked on "protective measures" That would allow "dealing with many interruptions" of a no-offer.

He also promised: "a major policy response" in such cases.

The BBC's Norman Smith said That could mean, to help That tax cuts and ease the potential impact.

In his speech, the Chancellor announced That the government would commit £4. To replace 3 billion, the EU-financing "institutions and devolved administrations" in the coming year, with them in the "additional security".

And he said, a "Brexit Red Tape Challenge" to be published, let the business of the government to say what rules you want to change after Brexit through an online Portal .

uk living wage, boris johnson, uk economy, pay, conservative party, conservative party conference, sajid javid

Source of news: bbc.com