Salem Radio Network News Tuesday, December 5, 2023


UK Treasury chief to hike minimum wage, but rules out tax cuts


Britain’s Treasury chief is announcing a hike in the national minimum wage. Jeremy Hunt says the hourly rate for workers 23 or older will rise in April of next year from 10.42 pounds, or $12.70, to at least 11 pounds, about $13.40. Hunt says that means a pay raise for more than 2 million workers. The announcement comes as the Conservatives try to persuade voters they are on the side of those who are struggling financially. But Hunt has ruled out tax cuts, saying they would fuel inflation.

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Michael Ramirez
Sat, Dec 2, 2023