The chancellor Rishi Sunak is to reveal the Autumn budget on Wednesday

The chancellor Rishi Sunak is set to reveal his Autumn budget, which will have a big impact on the day-to-day life of many Brits.

The chancellor is expected to explain his budget to the House of Commons at around 12.30pm on Wednesday 27 October.

Shadow chancellor Rachel Reeves will then challenge Sunak's proposals afterwards.

Rises to wages are set to be officially announced, along with with big investments in the NHS and social care aimed at driving down the backlog and waiting times.

Transport funding has also been announced in an aim to level up the rest of the country's transport links in line with London.

But what will the budget mean for you?

Increase in minimum wage

One of the centrepieces to the budget looks like the announced increase to national living and minimum wage.

For workers over 23, the national living wage will go up from £8.91 to £9.50 an hour.

This is a 6.6% increase and for someone in full time work, this could be worth up to £1,000 a year.

For those aged 21 and 22, the national minimum wage will go up from £8.36 to £9.18 an hour, a 9.8% increase and apprentice wages will increase 11.9% from £4.30 to £4.81 per hour.

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Some businesses have been critical of the rises due to only minor reforms to taxation and a lack of cuts to business rates that would make it easier for struggling businesses to pay the wage rises.

Investments in transport

There is also a plan to improve transport links outside London, after complaints that too much investment was focused on the capital.

While there appears to be no update on HS2, £6.9 billion has been pledged for transport areas in England outside London.

However, £4.2 billion was promised in 2019, which Sunak is including in the announcement of the full £6.9 billion figure.

Investments into housing, education, families and culture have also been announced or are expected to be.

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Why is the speaker annoyed?

Plenty of details about the budget have already been revealed, in what may well be the government attempting to release some of the more popular points from the budget.

But the revelations drew angry warnings from House of Commons speaker Lindsay Hoyle, who stated that revealing so much of the budget before the announcement was bad practice.

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"It is evident that the government treasury briefed journalists on the contents of the forthcoming budget over the weekend, including on NHS funding," he said.

"I repeat to the government that is if persists in making announcements outside this house, ministers will be called to this chamber at the earliest opportunity.

At one time, ministers did the right thing if they briefed before a budget, they walked. Yes absolutely, resign."

"Members are elected to this house to represent their constituents. Those constituents quite rightly expect their MP to be able to hear it first in order to be able to listen to what the budget is about, but also for the days following that to hold them to account. It is not acceptable."

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