From April 2017, the national minimum wage for people over 25 will increase by 4% from £7.20 to £7.50 per hour.
National minimum wage is a legal entitlement for workers.
Referring to the National Living Wage increase, Hammond said: "Last year we delivered a pay rise to over a million of the lowest paid through the National Living Wage.
"And next month we take more steps to support working families with the cost of living: The national living wage will rise again to £7.50 in April. That's over £500 more for a full-time worker than this year, and £1,400 more than when the National Living Wage was introduced.
"The personal allowance will rise for the seventh year in a row to £11,500, and the higher rate threshold to £45,000. A total of 29m people will be better off, with a typical basic rate taxpayer paying £1,000 less than in 2010."
More details about this increase can be found on the Gov.uk website: https://www.gov.uk/national-minimum-wage-rates
