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UK TREASURY CHIEF PLANS MINIMUM WAGE HIKE AMID HIGH INFLATION
The Daily Guardian
|October 03, 2023
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.
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Chancellor of the Exchequer Jeremy Hunt has ruled out tax cuts, saying they would fuel inflation.
According to excerpts of Hunt's speech released in advance by the Conservative Party, he will tell the Conservatives' annual conference that the hourly rate for workers 23 or older will rise in April from 10.42 pounds ($12.70) to at least 11 pounds ($13.40). The exact amount will be set after a recommendation by the Low Pay Commission, an advisory body.
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