June 14, 2024

High taxes and high minimum wage in the UK

High taxes and high minimum wage in the UK

SGreat Britain has been feverish and nervous for days over the Chancellor of the Exchequer’s autumn financial plan. Jeremy Hunt Counter, it will provide money collapse, new predictions and unpleasant news. Hunt had already warned the British. “Taxes will go up for everybody,” he said in a recent BBC interview. It was a very difficult thing for him. In fact, he got into politics to achieve the opposite, said Hunt, who replaced the disastrously failed Finance Minister Kwasi Kwarteng a month ago. Since then, Hunt, supported by the new Prime Minister Rishi Sunak, has effected a dramatic turnaround in British fiscal policy.

Now almost everyone has to do more steering wheel count Details will be announced on Thursday. Many will be disappointed, the Tory Chancellor of the Exchequer admitted. Especially the wealthy will have to pay more. As suggested by Hunt, the top tax rate could come into effect sooner rather than later. But he wanted to protect the socially weak, he insisted. “We have a financial plan that will weather the current turbulent seas,” the Chancellor of the Exchequer confirmed. The plan should make the recession as short and mild as possible. Voices of skepticism were immediately heard from within his own party, the Conservatives. Former Conservative leader Iain Duncan Smith has complained that tax rises and budget cuts could even lead to a “deeper” recession.