Autumn statement 2022: Chancellor Jeremy Hunt expected to announce increase to National Living Wage

There are also hints that benefits and the state pension could rise in line with inflation as the chancellor sets out about plugging a £60bn financial gap

By Sophie Wills

Published 15th Nov 2022, 11:17 BST

Updated 15th Nov 2022, 11:24 BST

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Chancellor Jeremy Hunt is expected to announce an increase to the National Living Wage (NLW) this week. The rise is just one measure that could feature in the chancellor’s autumn statement on Thursday (November 17), in which he will outline how he intends to plug a £60bn gap in the UK’s finances.

According to news first reported in The Times, the NLW is set to rise from £9.50 to an estimated £10.40, which would benefit around 2.5 million people. Additional key moves being considered, according to Sky News, are: