Britain's finance minister to announce higher minimum wage
© Reuters. FILE PHOTO: British Chancellor of the Exchequer Jeremy Hunt holds a Ministerial Statement at the House of Commons in London, Britain, June 26, 2023. UK Parliament/Jessica Taylor/Handout via REUTERS/File PhotoMANCHESTER, England - British finance minister Jeremy Hunt on Monday will announce a rise in the minimum wage in his annual Conservative party conference speech, where he is expected to ignore a growing clamour for tax cuts within his party.
On Saturday Hunt ruled out near-term tax cuts ahead of a mid-year fiscal statement due on Nov. 22, and he has supported Prime Minister Rishi Sunak's goal to halve inflation, rather than lower taxes, this year. On Monday Hunt will announce that the living wage, the minimum wage for workers over 23 years old, will rise to at least 11 pounds an hour from 10.42 pounds.
United States Latest News, United States Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
UK retailers demand government action on rising crime By ReutersUK retailers demand government action on rising crime
Read more »
South Korea Sept exports fall for 12th month, but not as steeply as expected By ReutersSouth Korea Sept exports fall for 12th month, but not as steeply as expected
Read more »
Apple identifies issues causing overheating in the iPhone 15 By ReutersApple identifies issues causing overheating in the iPhone 15
Read more »
Senior Senate Democrat threatens to block military aid to Egypt on human rights grounds By ReutersSenior Senate Democrat threatens to block military aid to Egypt on human rights grounds
Read more »
California governor vetoes bill offering unemployment pay to strikers By ReutersCalifornia governor vetoes bill offering unemployment pay to strikers
Read more »
China's factory activity recovery slows in September - Caixin PMI By ReutersChina's factory activity recovery slows in September - Caixin PMI
Read more »