Giving his first– and what would turn out to be - his last Autumn Statement, Philip Hammond told Parliament that the NLW (for employees 25 and over) would rise from £7.20 an hour to £7.50 an hour in April 2017 – worth up to £500 a year for a full-time employee.
An announcement regarding extra early years funding had been anticipated by some in the sector, but this did not materialise.
The Chancellor reiterated that Tax-Free Childcare will be introduced gradually from early 2017.
Roll out will start on completion of the trial. Once the scheme is fully rolled out, he said that the government will keep it under review to ensure it is delivering as intended and to assess the benefit it is delivering for working parents.
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