The minimum wage for over 25s will rise by 4 per cent from next year, following an announcement by Chancellor Philip Hammond in his first Autumn Statement.

Mr Hammond will give a boost to the National Living wage, launched under his predecessor George Osborne, in a bid to get to the Government's 2020 target of £9 an hour.

We’ll tell you what’s true. You can form your own view. From 15p €0.18 $0.18 $0.27 a day, more exclusives, analysis and extras.

The National Living Wage will increase from £7.20 to £7.50 from April next year, the Chancellor confirmed.

The figure – recommended by the independent Low Pay Commission – is 10p lower than some had been expecting because average wages have been lower.

However, it will still be the equivalent of a pay rise worth over £500 a year to a full-time worker.

The Treasury said Mr Hammond's package was designed to "improve the living standards of ordinary working class people and their families", in line with the ambitions set out by Prime Minister Theresa May in her speech to the Conservative conference last month.

Katherine Chapman, director of the Living Wage Foundation, an independent body which sets a higher voluntary rate for a living wage, said: "We welcome any pay rise for low-paid workers, especially now in these uncertain times with speculations about food and other prices set to rise."

Shape Created with Sketch. The 20 best-loved British brands in 2016 Show all 20 left Created with Sketch. right Created with Sketch. Shape Created with Sketch. The 20 best-loved British brands in 2016 1/20 1. British Airways British Airways has come top of a list of the best British brands for third year in the row. 2/20 2. Rolex Rolex retained second position, also for the third year running, but faced increasing competition from third placed LEGO 3/20 3. Lego LEGO jumped up eight places in 2016 4/20 4. Dyson Dyson, the electronic goods specialist, climbed ten places to fourth, its highest ever position in the survey, following a high profile advertising campaign fronted by eponymous entrepreneur James Dyson 5/20 5. Gillette 6/20 6. Mercedes-Benz Mercedes Benz only sent 55 C55 AMG estates to the UK in right-hand drive 7/20 7. Apple Core values: Apple was ordered to pay $625.6m by a court in East Texas 8/20 8. Jaguar 9/20 9. Kellog's 10/20 10. Andrex Andrex puppy: Soft, strong and very long... no wait, that’s the product, not the pup. Very sweet, though 11/20 11. Nike 12/20 12. Heinz Heinz, Jaguar and Marks & Spencer all re-entered the top 20, replacing Boots, BMW and Fairy. 13/20 13. Coca-Cola 14/20 14. John Lewis John Lewis' festive advert features a girl, Lily, who connects by telescope with an old man alone on the Moon 15/20 15. Häagen-Dazs 5. Haagen-Dazs chocolate fondant £3.29 for 200ml, tesco.com Overwhelmingly chocolatey – with both chocolate ice cream, sauce and brownies in the mix. Just don't eat more than one. 16/20 16. Google Google's headquarters in Mountain View, California Justin Sullivan/Getty Images 17/20 17. Virgin Atlantic Winging it: behind-the-scenes documentary 'Virgin Atlantic: Up in the Air' ITV 18/20 18. Marks & Spencer Getty 19/20 19. Amazon.co.uk AFP 20/20 20. Microsoft The biggest faller within the Top 20 was US tech giant Microsoft, which dropped 16 places. Josh Edelson/AFP/Getty Images 1/20 1. British Airways British Airways has come top of a list of the best British brands for third year in the row. 2/20 2. Rolex Rolex retained second position, also for the third year running, but faced increasing competition from third placed LEGO 3/20 3. Lego LEGO jumped up eight places in 2016 4/20 4. Dyson Dyson, the electronic goods specialist, climbed ten places to fourth, its highest ever position in the survey, following a high profile advertising campaign fronted by eponymous entrepreneur James Dyson 5/20 5. Gillette 6/20 6. Mercedes-Benz Mercedes Benz only sent 55 C55 AMG estates to the UK in right-hand drive 7/20 7. Apple Core values: Apple was ordered to pay $625.6m by a court in East Texas 8/20 8. Jaguar 9/20 9. Kellog's 10/20 10. Andrex Andrex puppy: Soft, strong and very long... no wait, that’s the product, not the pup. Very sweet, though 11/20 11. Nike 12/20 12. Heinz Heinz, Jaguar and Marks & Spencer all re-entered the top 20, replacing Boots, BMW and Fairy. 13/20 13. Coca-Cola 14/20 14. John Lewis John Lewis' festive advert features a girl, Lily, who connects by telescope with an old man alone on the Moon 15/20 15. Häagen-Dazs 5. Haagen-Dazs chocolate fondant £3.29 for 200ml, tesco.com Overwhelmingly chocolatey – with both chocolate ice cream, sauce and brownies in the mix. Just don't eat more than one. 16/20 16. Google Google's headquarters in Mountain View, California Justin Sullivan/Getty Images 17/20 17. Virgin Atlantic Winging it: behind-the-scenes documentary 'Virgin Atlantic: Up in the Air' ITV 18/20 18. Marks & Spencer Getty 19/20 19. Amazon.co.uk AFP 20/20 20. Microsoft The biggest faller within the Top 20 was US tech giant Microsoft, which dropped 16 places. Josh Edelson/AFP/Getty Images

"The reality, however, is that a fifth of UK workers aren't paid enough to live on. There's still a gap between the Government minimum and our real Living Wage of £8.45 in the UK and £9.75 in London, which is based on what families need to earn to meet everyday costs."

"We encourage as many businesses who can to join our movement of 3,000 UK employers who are going further to pay a real Living Wage because a hard day's work deserves a fair day's pay."

In September, Labour's John McDonnell has pledged that a Labour government would introduce a living wage that would likely be more than £10 an hour.

We’ll tell you what’s true. You can form your own view.

At The Independent, no one tells us what to write. That’s why, in an era of political lies and Brexit bias, more readers are turning to an independent source. Subscribe from just 15p a day for extra exclusives, events and ebooks – all with no ads.

Subscribe now