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.
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