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Wed, 28 Oct 2026

Wed, 28 Oct 2026 What the Budget offers for under 25s - and what it leaves out

The chancellor announced a series of measures which will impact under-25 year-olds from housing to minimum wage.

* Minimum wage increase: 18-to-20 year-olds will see their minimum wage rise to £11.27 per hour, while over-20s will be paid a minimum of £13.21 an hour.
* Young entrepreneurs: The government will pilot a "Young Entrepreneurs Allowance" that will cover some living costs for young business owners in their first year of operation.
* Housing ladder: A new "First Time Buyer Isa" will be introduced, allowing savers to build up a deposit with the government topping up contributions by 25%.
* Student loans: The repayment system is being reviewed, but no changes were announced in the Budget.