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Britain's finance minister to announce higher minimum wage

  • 📰 Reuters
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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.

The extracts of the speech released by the party made no reference to taxes after Conservative lawmakers and even senior ministernear-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.

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Britain's finance minister to announce higher minimum wageBritish 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.
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