US EditionUK finance minister Hunt says cannot commit to tax cuts before election
- Chancellor of the Exchequer Jeremy Hunt has ruled out tax cuts, citing the risk of fueling inflation. He stated that lower taxes are desired but difficult to achieve in the current year.
- Jeremy Hunt, the British finance minister, will announce an increase in the hourly rate for workers aged 23 and older from £10.42 to at least £11 in April. The exact amount will be determined by the Low Pay Commission.
- Hunt will also promise to tighten social benefits rules to discourage the exit of working-age people from the workforce. Hunt argued that those not actively seeking employment do not deserve the same benefits.
25 Articles
25 Articles
Britain's Treasury chief raises minimum wage, rules out tax cuts
MANCHESTER, England — Britain’s Treasury chief announced a hike in the national minimum wage Monday, as the governing Conservative Party tries to persuade voters it is on the side of workers who are struggling financially. But Chancellor of the Exchequer Jeremy Hunt ruled out tax cuts, saying they would fuel inflation. “I do want us
Britain’s Treasury chief raises the minimum wage but angers some colleagues by ruling out tax cuts
Britain's Treasury chief announced a hike in the national minimum wage Monday, as the governing Conservative Party tries to persuade voters it is on the side of workers who are struggling financially.
UK Treasury chief says he'll hike the minimum wage but rules out tax cuts while inflation stays high
UK Treasury chief says he'll hike the minimum wage but rules out tax cuts while inflation stays high Britain's Treasury chief is to announce a hike in the national minimum wage on Monday, as the governing Conservative Party tries to persuade voters it is on the side of those who are struggling financially.Chancellor of the Exchequer Jeremy Hunt has ruled out tax cuts, saying they would fuel inflation.According to excerpts of Hunt's speech relea…
UK Treasury chief says he'll hike the minimum wage but rules out tax cuts while inflation stays high
MANCHESTER, England (AP) — Britain’s Treasury chief is to announce a hike in the national minimum wage on Monday, as the governing Conservative Party tries to persuade voters it is […]
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