The Treasury have confirmed there will be a 6.6% increase for adults in this week's budget.
The national living wage, currently set at £8.91 is set to increase to £9.50 according to the Treasury.
The wage will apply to all workers ages 23 or over, with a lower minimum wage for younger workers.
21-22 year olds will see a rise from £8.36 to £9.18, pushing them over the £9 an hour mark with an 83p increase in their hourly wage.
In addition to this, those aged between 18 and 20 will see their £6.56 hourly rate of pay increase by 27p to £6.83.
The rate will also rise for workers aged under 18, taking their £4.62 rate to £4.81, a 19p increase per hour.
Apprentices will still have the lowest hourly wage but will see their rate of pay matching those aged 18, increasing their £4.30 pay by 51p to £4.81.
This comes after recent cuts to universal credit and increasing rise in consumer prices and soaring cost of energy bills. It is thought that this increase will help to balance out the financial strain put on the public from the pandemic.
Rishi Sunak spoke at many of the pandemic briefings about the financial implications of Covid-related-restrictions. / Image: Number 10
Rishi Sunak, the Chancellor of the Exchequer, will officially set the budget this Wednesday and the government believe that it should give full-time workers an additional £1000 per year.
Those living in London will also see an increase in the London living wage, which accounts for the higher cost of living in the capital. This is set to reach £10.85 an hour.
Additional promises expected to be fulfilled over the week include investing £435,000,000 for victim services, crime prevention and the Crown Prosecution Service and a six-month extension to the Covid-19 recovery loan scheme to make June 2022 the new deadline.
The full details of the budget will be announced throughout the week as Rishi Sunak addresses concerns about a post-pandemic and post-Brexit economy and sets the financial plan, known as the budget, for 2022.
Rachel Woolford, the winner of the BBC’s ‘The Apprentice’, has revealed plans to launch her first joint business with Lord Sugar.
The exciting new business venture will see Leeds local Rachel expand her hugely successful fitness space, North Studio, to offer a dedicated Reformer Pilates studio - right next door.
Lord Sugar has partnered with Rachel to purchase the commercial premises which will be part of the expansion of the existing Leeds studio and will add to North Studio’s Pilates offering with an extra 120 classes a month.
Image: Supplied
Former business management student turned fitness entrepreneur Rachel beat pie shop owner, Phil Turner, in the recent final of the The Apprentice with both pitching to Lord Sugar to win £250,000 and go into business with him.
Speaking about the investment Lord Sugar said: "Our acquisition of the commercial premises marks not only a significant milestone for North Studio but also a bold step forward in our new business partnership.
"This project brings an expansion of the existing North Studio offering is a direct response to the growing demand in the fitness industry for Reformer Pilates”.
Image: Supplied
Speaking on the expansion Rachel said: “At North Studio, we're all about delivering the highest quality, small group personalised fitness experiences. With investment from Lord Sugar, we are now able to achieve the next stage in our planned growth with the addition of a fantastic new space dedicated to Reformer Pilates that is still in keeping with our boutique studio vibe.
“I am extremely excited to start this new chapter in partnership with Lord Sugar and the team is working hard to bring the new studio to life ready to welcome clients.”
For more information about North Studio, check out their website.
Popular LGBTQ-friendly Leeds coffee shop put up for sale with an asking price of £45,000
Clementine Hall
Flamingos Coffee House in Leeds' Central Arcade on Briggate has recently been put up for sale.
Providing a safe and welcoming space for everyone in the LGBTQ community, Flamingos Coffee House is a well known spot amongst locals.
Serving up delicious cakes, sandwiches and hot drinks, it's also known for their numerous events held during the week such as open mic nights, student Sundays and loads more.
Constantly raising money for LGBTQ charities, it's a real asset to the city.
Image: The Hoot Leeds
Flamingos has recently gone up for sale, with an asking price of £44,950.
The ad listing states: "Ernest Wilson are delighted to bring to market this immaculately presented city centre coffee shop. Our client has operated this business since 2023, during which time the premises have undergone an extensive refurbishment throughout and really must be seen to be appreciated.
"The business trades in easy hours over six days, opening at 10.30am daily – wonderful scope for enthusiastic new owners to consider opening earlier to develop the breakfast trade and boost turnover.
Image: The Hoot Leeds
"The premises occupy a prime trading position within a busy shopping arcade in the heart of Leeds City Centre with thousands of people passing daily. The premises are held on secure lease and comprise glass fronted coffee shop providing 26 covers in comfort."
This coffee shop is a real asset to the city and we hope it gains a wonderful new owner to maintain Flamingos in all its glory.