A relief rally began in the States yesterday evening and saw the Dow Jones Industrial Average and tech-focused Nasdaq Composite both 2.7% up by the close ... I have never been a gambler.

The change came into force on 1 April. The minimum wage has gone up by 77p (6.7%) to £12.21 an hour for people aged 21 and over. This is the equivalent of £1,400 a year for a full-time worker.