Today, the National Living Wage goes up by 5% to £8.21/hour, meaning 1.8m people will be £690 better off in the year ahead.
This is the fifth highest minimum wage in the world, and is key to ensuring being in work always pays better than being on welfare.
Compared to when Conservatives introduced the NLW four years ago, full time workers on it now earn £2,750 more.
Later this week, the threshold at which you start to pay income tax also rises, from £11,850/year to £12,500 - meaning you get to keep more of the money you earn. That’s just under DOUBLE what it was under Labour ?