The Government announce the minumum wage will rise by 20 pence in October

The video discusses the nighttime economy in Britain, highlighting the low wages and antisocial hours faced by workers. It covers the recent increase in the national minimum wage, the largest since the economic crash, and its implications for workers and businesses. Critics argue the increase is insufficient, while businesses fear it may lead to unemployment. The video also touches on the living wage as a solution to economic pressures and the political context of wage policies.

What is the voluntary living wage mentioned in the text?

What is the significance of the wage increase in relation to the economic recovery?