UK’s Reeves Plans to Slow Increase to Youth Minimum Wage: FT

March 2, 2026, 1:59 PM UTC

The UK’s Chancellor of the Exchequer Rachel Reeves plans to slow down increases to the youth minimum wage, the Financial Times reports, citing people familiar with the matter.

  • Reeves plans to water down Labour’s commitment to a single minimum wage for all workers above 18 years of age by telling pay advisers it does not have to happen until the 2030s
  • NOTE: Youth Jobs Crisis Grows in UK as Government Policies Backfire

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Upmanyu Trivedi in London at utrivedi2@bloomberg.net

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