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Money matters

The increase in the national minimum wage from the start of this month is expected to benefit 1.3m workers in the UK.

The hourly rate for adults has increased to £5.05 from £4.85, while the youth rate, paid to 18-21-year olds, has risen to £4.25 from £4.10. The rate for 16- and 17-year-olds remains at £3.00 but will be reviewed in February 2006.

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