UK Treasury chief says he'll hike the minimum wage but rules out tax cuts while inflation stays high

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UK Treasury chief says he'll hike the minimum wage but rules out tax cuts while inflation stays high
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Britain’s Treasury chief is announcing a hike in the national minimum wage.

British Prime Minister Rishi Sunak, center, reacts by a table football during his visit the Burnley Boys and Girls Club, on the opening day of the Conservative party conference, in Manchester, England, Sunday, Oct. 1, 2023.

“Those who won’t even look for work do not deserve the same benefits as people trying hard to do the right thing,” Hunt was to say, according to the excerpts. The right-of-center Tories, in power since 2010, are lagging far behind the center-left opposition Labour Party in opinion polls. Voters are weary after years of political turmoil over the U.K.’s exit from the European Union, the coronavirus pandemic and a cost-of-living crisis fueled by Russia’s invasion of Ukraine last year.who took office just under a year ago, is facing grumbling – and even open rebellion – from some Conservative members and lawmakers.

In recent weeks, Sunak has sought to take the initiative with a clutch of measures depicted as easing the economic burden on taxpayers. He hasand watered down other green measures that he said imposed “unacceptable costs” on ordinary people. Critics say the measures will have little impact on people’s pocketbooks and will make it harder for Britain to reach its goal of cutting greenhouse gas emissions to net zero by 2050 in order to limit climate change.

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