The Times said the prime minister and Jeremy Hunt, his chancellor, would accept a formal recommendation to raise the living wage from £9.50 an hour to around £10.40 an hour – an increase of almost 10%. The move will benefit 2.5 million people. A government source said the increase could be even higher. Sunak will also offer those on means-tested benefits such as Universal Credit £650 worth of cost-of-living payments. disability allowance recipients £150. and pensioner households £300. The plans, which expand the existing ones
