Prime Minister Keir Starmer says an increase in Britain's minimum wage, known as the National Living Wage, will "make a significant difference" with eligible workers set to receive 1,400 pounds more annually. While inflation has slowed significantly in the last two years, it had surged to more than 10 percent in 2022-2023 as energy and food prices skyrocketed following Russia's full-scale invasion of Ukraine. The subsequent cost-of-living crisis continues to grip British households, with new hikes on household bills set to be introduced in April. IMAGES AND SOUNDBITES