Chancellors are renowned for their ‘rabbit out of the hat’ moment at the end of any Budget. They don’t always come - or are a damp squib - but Labour’s hike in the minimum wage would have counted, had it not been announced in advance. Upping the National Living Wage by 6.7% - more than three times the current rate of inflation - next April, from £11.44 to £12.21 an hour, is a clear sign of Labour’s intent to help “working people”. As to is its commitment to align the National Minimum Wage and

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