9 Autumn Budget | 28 October 2026 Welfare, labour and cost of living National living wage (NLW) and national minimum wage (NMW) All rates of the NLW and NMW will increase by 3.9% on 1 April 2027. Rate Age £ per hour from 1/4/27 Increase over 2026/27 NLW 21 and above £13.21 3.9% NMW 18–20 £11.27 3.9% under 18 £8.31 3.9% Apprentice rate All £8.31 3.9% Universal credit (UC) The UC standard allowance is scheduled to rise by 4.3% to approximately £102.28 a week. The Government is strengthening pathways into work by delivering the Jobs Guarantee for eligible 18- to 24-yearolds on UC and investing £100 million in local apprenticeship services. Other working age benefits will be uprated in line with the September 2026 CPI inflation rate of 3.5% from April 2027. State pension The basic and new state pension will be uprated by 3.9%, bringing the full new state pension to £250.70 a week, or £13,036.40 a year. The pension credit standard minimum guarantee will also be uprated by 3.9% from April 2027. The triple lock will be reformed from April 2030. Young Entrepreneurs Allowance and apprenticeships The government will pilot a Young Entrepreneurs Allowance in England, providing successful applicants with support towards their living costs during the first year of their business. Funding will be provided to all current mayors to provide tailored support to young people and employers, particularly SMEs, to create more apprenticeship opportunities.
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