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"The minimum wage in the UK is set to rise from £8.91 per hour to £9.50 with the change to be confirmed in tomorrow’s budget. This means an increase of just over £1.000 a year for a full-time employee. The rise will, in Chancellor Rishi Sunak’s words, ensure that working pays and goes some way to ensuring that low pay is eliminated in this Parliament. The rise in the minimum wage could bring the Government a problem when negotiations begin for public sector employees, since it is more than twice the rate of inflation. A payment of £5.9 billion has also been announced for the NHS to reduce the backlog of operations caused by the lockdown and to improve the current length of waiting lists. " Beyond Currency Market Commentary: Aims to provide deep insights into the political and economic events worldwide that can cause currencies to change and how this can affect your FX Exposure.