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Workers on minimum wage set for net pay increase

The tripartite agreement signed in Luxembourg between the government and the social partners includes several measures for workers. A net salary increase of €203.50 per month is what the government is promising workers on the minimum wage for unskilled workers.

The bump in take-home pay will be phased in gradually. It will first depend on the indexation and temporary tax credit introduced this month, then on the rise in the minimum wage and the adjustment of tax brackets scheduled for 1 January 2027, and finally on the increase in the social minimum wage tax credit, which will take effect in two stages, in January and July 2027.

For a skilled worker on the minimum wage (€3,325.59 gross per month since June 2026), the government is forecasting a monthly net gain of €106.26. At €3,600 gross, the upper threshold for the social minimum wage tax credit, which is degressive, the gain will come to just €12.20 compared with June 2026.

Also today

• Iran insists on its right to enrich uranium and maintain control over the Strait of Hormuz under any deal with the United States
• South Korea ex-president gets 30 years in jail over North drone incursion
• Elon Musk becomes world's first trillionaire after shares in SpaceX jumped 30% on their first day of trading
• Kenya mourns 16 school girls killed in suspected dormitory arson attack
• Celebrated British artist David Hockney dies at the age of 88
• Tennis players welcome 20 percent increase in prize money at Wimbledon after recent protests at the French Open

On air

Tom was feeling quizzical, as he was bombarded with a series of trivia questions by newsreader and resident quizmaster 'Chiz the Quiz'. For a taste of the questions he fielded: What is the original title of the following films, which were given different titles when they were released in France?

Maman, j'ai raté l'avion!, Sex Trip, Du soleil plein la tête, Happiness Therapy, and Self Control?

Figure of the day

In 2018, David Hockney's "Portrait of an Artist (Pool with Two Figures)" sold for $90.3 million in New York, an auction record for a living artist.

• Hockney, who died Thursday aged 88, always retained his Yorkshire burr and a determined liking for fish and chips and cigarettes as he grew to be "perhaps the most popular and versatile British artist of the 20th century", in the words of Britain's Tate gallery.
• His agent Erica Bolton described Hockney as "one of the most important figures in contemporary art in both the 20th and 21st centuries," adding he had "passed away peacefully at home" in London on Thursday a month before his 89th birthday.

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