London Markets: U.K. plans to hike minimum wage to £9.50. Here’s how that stacks up with what Americans are earning.

Ahead of the U.K. budget this week, the government announced it would raise the minimum wage for those over 23 years old to £9.50 an hour, which is about a 6.6% hike.

Ahead of the U.K. budget this week, the government announced it would raise the minimum wage for those over 23 years old to £9.50 an hour, which is about a 6.6% hike.