BIZBBC NewsWED 28 OCT 2026 / 3:02 PM CDT

What the Budget offers for under 25s - and what it leaves out

Chancellor John Healey has announced his Budget, which includes changes to minimum wage and help for people trying to get onto the housing ladder.

If you are an 18-to-20 year-old earning the minimum wage, your pay will go up by 3.9% from next April.

However, the increase may be lower than you had expected. That is because Healey reversed course on how his Labour predecessor, Rachel Reeves, had been increasing the minimum wage for young people.

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What the Budget offers for under 25s - and what it leaves out

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