International Edition

Sunday, 1 November 2026

Private Trade News

Global markets, trading & world business — for professional traders

Policy

Labour’s pledge to level-up minimum wage for under-20s before next election in doubt

Private Trade News trader edition (2026-11-01): Labour looks less likely to meet its manifesto pledge to equalise the minimum wage for younger workers before the next election, after the chancellor failed… Primary source: original at The Guardian (theguardian.com).

· The Guardian

Labour’s pledge to level-up minimum wage for under-20s before next election in doubt

Labour looks less likely to meet its manifesto pledge to equalise the minimum wage for younger workers before the next election, after the chancellor failed to guarantee the rise would happen within that timeframe.

John Healey said on Sunday the government was still committed to the increase but failed to spell out when it would be achieved. In the budget, a rise in the minimum wage was handed to adults – to £13.21– and under-20s – to £11.27 – but a larger rise for younger workers would have been needed to move towards equalisation.

Continue reading...