This is a news story, published by Sky News, that relates primarily to NLW news.
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national minimum wage increasesSky News
•Business
Business & Economics
81% Informative
National Living Wage ( NLW ) increase is designed to support low-paid workers, but other changes could offset these benefits.
New data shows inflation rose to 3% in January 2025 , the highest level in 10 months .
Labour announced a series of employment rights reforms aimed at improving working conditions.
Labour estimates that employment rights changes will cost businesses around 5bn .
Since the budget, voluntary liquidations have remained consistently high and voluntary business closures have gone up by 9% from December 2024 to January 2025 .
The number of payrolled employees has fallen by more than 10,000 in manufacturing and nearly 9,000 in hospitality since the budget.
HM Treasury said it delivered a once-in-a-parliament budget to wipe the slate clean and deliver stability businesses need to invest and grow.
VR Score
86
Informative language
88
Neutral language
62
Article tone
semi-formal
Language
English
Language complexity
54
Offensive language
not offensive
Hate speech
not hateful
Attention-grabbing headline
not detected
Known propaganda techniques
not detected
Time-value
short-lived
External references
1
Source diversity
1
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