Published 2 months ago

UK 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.

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Reuters

UK finance minister Hunt says cannot commit to tax cuts before election

British finance minister Jeremy Hunt said on Monday he believed in lowering taxes but could not commit to any cuts before the next election, responding to growing calls in the governing Conservative Party to reduce the burden on voters.

2 months ago·United Kingdom

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The Independent

Hunt rules out big tax cuts despite Tory calls for pre-election giveaway

The Chancellor said cuts this year would ‘compromise’ the battle against inflation.

2 months ago·London, United Kingdom

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Daily Express

Jeremy Hunt blasted on BBC with Tory tax rebellion growing

Chancellor Jeremy Hunt has continued to come under pressure to cut taxes this morning, ahead of his annual conference speech.

2 months ago·United Kingdom

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Associated Press News

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 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. […]

2 months ago·United States

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abc News

UK Treasury chief says he'll hike the minimum wage but rules out tax cuts while inflation stays high

Britain’s Treasury chief is announcing a hike in the national minimum wage

2 months ago·United States

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Washington Times

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.

2 months ago·United States

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