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National living wage to rise by almost 10% from April 2024

On Tuesday 21st November, the Government announced that the National Living Wage (NLW) will rise by 10%, from £10.42 to £11.44 an hour, from April 2024.

As the largest ever NLW increase, this is a critical step in providing much needed additional capital for lower income workers.
With an increased income, the hope is that this will provide a meaningful boost for the affordable housing sector, with 2.7 million people nationally due to benefit, making home ownership more attainable.

For the full statement, follow this link