HE British government continues to maintain balance in its struggle reduce inflation Without further impoverishing the working classes. Minister of Finance, Jeremy Huntannounced this Monday that the minimum wage will rise from the current £10.42 per hour to at least £10.42 11 pounds per hour An increase that will affect workers starting from next April over 23 years old and this total is about two million people. The increase will mean the employment of one full-time employee. 170 hours per monthyou can’t get less £1,870 per month (2,158 euros), about 100 pounds more than before.
The measure aims to cover the most vocal voices Criticism from the Conservative Partyone that requires tax deduction providing more liquidity to families. “Almost two million people have been lifted out of absolute poverty not by tax credits or subsidies, but by the elimination of work barriers. increasing salaries Hunt said in his speech at the Conservative Party conference in Manchester on Monday. But tax cuts are still far from being implemented, despite growing pressure to do so. in its formation and even within the Government itself.
tax deduction
Minister of Housing, michael goveWhile noting that taxes should be reduced before the elections this Sunday, the most liberal wing of the party led by the former prime minister Liz Cageclaims lower tax burden In addition to helping companies increase growth reducing public spending. “We have to admit that the government is too big, taxes are too high and we spend too much,” Truss warned this Monday before a packed house at the conservative conclave.
Both the prime minister Rishi Altar, As Hunt himself insists desire to lower taxesbut they argue that now is not the time to do so. “A big tax cut causes inflation because it puts money into people’s pockets, which will increase demand and ultimately it means that prices will also rise. It’s not the right time“Hunt emphasized this in his interview with GB News channel. The main aim of the government is to reduce inflation.” below 5% before the end of the year, a significant decrease compared to the 6.7% recorded in August.
public expenditure
Minister showed his intention reduce public spending have more control over access sick leave. The goal is to return some of the 2.5 million workers who are inactive due to long-term illnesses to the labor market. labor shortage in some sectors. “While companies are having difficulty finding workers, some 100,000 people They leave the labor market every year to live on benefits,” Hunt said.
The government’s plans include: freeze expansion of the number public employees until we reach pre-pandemic levels. 66,000 fewer people in public administration. This decision will require: savings of £1bn per year (1,153 million euros), according to the Chancellor of the Exchequer, who, despite criticism, is trying to send a positive message about the direction of the economy in the UK.
The Conservative conference is more than just a presentation of the Government’s road map for the coming months. presentation letter For some well-known faces like the Minister of Commerce, Kemi Badenochor the Minister of Internal Affairs, Suella BravermanIn case Sunak’s economic plans fail to deliver results at the ballot box ahead of the next general election.