Question to the HM Treasury:
To ask the Chancellor of the Exchequer, what fiscal steps she is taking to help increase incomes of working families in North East Somerset & Hanham.
On 1 April 2025, the National Living Wage (NLW) increased to £12.21 per hour for eligible workers aged 21 and over. This represents a pay rise of £1,400 per year for a full-time worker and has benefitted around 3 million low-paid workers. Living standards, as measured by Real Household Disposable Income (RHDI) per capita, are 2.1% higher than before the election. This means that the average person’s disposable income is £800 higher now than just before the election in real terms.