Nov
22
Hammond Targets U.K. Working Class With Pledges on Homes, Wages
By-
Funding for new homes to be announced in Autumn Statement
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Chancellor to promise increase in minimum wage to 7.50 pounds
Philip Hammond
Photographer: Simon Dawson/Bloomberg
U.K. Chancellor of the Exchequer Philip Hammond will outline a series of measures to help “ordinary working-class families” and stress that a stable economy, fiscal discipline and better productivity are the best ways to raise living standards.
In his Autumn Statement to Parliament Wednesday, Hammond will pledge 1.4 billion pounds ($1.8 billion) to help build 40,000 new homes and announce a relaxation of the rules governing affordable housing funds, the Treasury said in an e-mailed statement. Other measures will include an increase in the minimum wage from the current 7.20 pounds ($8.93) an hour…
Hammond Targets U.K. Working Class With Pledges on Homes, Wages
