Hunt to Announce Minimum Wage Increase to £11 per Hour, Resists Tax Cut Demands

British finance minister Jeremy Hunt will announce a rise in the minimum wage in his Conservative party conference speech.
The minimum wage for workers over 23 years old, known as the living wage, will rise to at least £11 per hour from £10.42.
Hunt's speech will ignore growing calls within his party for tax cuts ahead of the mid-year fiscal statement on November 22nd.
Hunt has supported PM Rishi Sunak's goal to halve inflation over tax cuts this year.
Former PM Liz Truss will pressure the government to lower taxes in her expected only intervention at the conference this year.

reuters.com

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Posted 10/1/2023, 10:08:35 PM