Economy · London, United Kingdom · October 27, 2026

UK Budget: minimum wage rise, no extra for 18-20s

Reported by 2 outlets · first reported Oct 27, 11:01 AM ET

Chancellor John Healey will set out the Budget on October 28. The minimum wage will rise but 18-20 year-olds will not get a bigger increase.

Why it matters

It affects pay and energy bills for millions of households.

Background

The government faces cost-of-living pressure.

The story so far

1. Oct 21UK inflation rises to 3.5% on higher fuel prices
2. Oct 25UK budget to add £1 billion for social and affordable housing
3. Oct 26UK Budget due Oct. 28
4. Oct 27UK Budget: minimum wage rise, no extra for 18-20s
5. Oct 28UK budget: £100 energy payment, bank tax rise, more defense
6. Oct 29UK Budget freezes tax thresholds

Follow the whole story →

Sources

• BBC Business ↗Oct 27, 11:01 AM ET
• The Guardian ↗Oct 27, 6:34 PM ET
• BBC Business ↗Oct 27, 8:03 PM ET

This summary was written automatically from the reporting linked above; follow the sources for the full story. How One Turn works.

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