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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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