The chancellor is set to increase the national living wage to £9.50 in Wednesday’s budget, Sky News has been told.

It will rise from the current living wage of £8.91 per hour for those aged 23 and over.

The national living wage is what the government calls the national minimum wage for anybody above 22-years-old.

Those below that age are eligible for what is called the “national minimum wage” – currently £4.62 for under 18s, £6.56 for 18 to 20-year-olds and £8.36 for 20 to 22-year-olds.

Chancellor Rishi Sunak has announced a series of other spending pledges ahead of the autumn budget as he promised to do “whatever it takes” to support families with the cost of living.

Among the promises he has already revealed are:

• £1.4bn to encourage foreign investment into UK businesses and attract overseas talent

COVID-19: Health Secretary Sajid Javid ‘leaning towards’ compulsory vaccines for NHS staff

Budget 2021: Rishi Sunak ‘fighting in the fog’ as he sets the tenor of his chancellorship

Budget 2021: Rishi Sunak announces £6bn investment to tackle NHS waiting lists and improve digital tech in hospitals

• £700m to be spent mainly on the new post-Brexit borders and immigration system, as well as a new maritime patrol fleet

• £435m for victims services, crime prevention and the Crown Prosecution Service

• £560m for adult maths coaching to help increase numeracy

• a six-month extension to the COVID recovery loan scheme to June 2022

Related posts:

Queen’s Speech: Action on obesity and mental health support – but no social care legislation Miliband: Being opposition leader ‘very unforgiving’ but Starmer is ‘up to it’ Lorry controls to avoid post-Brexit disruption in Dover to be used to manage future traffic issues UK ‘looking into’ removing Pakistan from travel red list, country’s high commissioner says Face masks, vaccine passports, and ‘last resort’ lockdowns in COVID ‘plan B’ for winter Starmer shares tales of his factory worker dad as he pledges £10 minimum wage in Labour ‘new deal’ Care home residents only allowed three named visitors as Omicron cases rise ‘We did nothing wrong’: Starmer defends photo of him drinking beer with staff during lockdown Alerts about foreign interference in British politics will become more common, home secretary warns Peers vote down government’s attempt to control protests PM says ‘nobody told me’ No 10 lockdown garden party was against the rules Cummings to be interviewed as part of Downing Street parties investigation