LONDON (AP) — Britain’s new Treasury chief said Sunday she will run the economy with “iron discipline,” but suggested she’ll give public sector workers an above-inflation pay raise to help end a wave of strikes and strife.The Labour Party government is under pressure from supporters and trade unions to spend more on salaries and welfare benefits, two weeks after it was elected on promises not to hike personal taxes or increase public borrowing,“I think people know that things are a mess,” Treasury chief Rachel Reeves told the BBC, arguing the...
Chancellor of the Exchequer Jeremy Hunt will pledge to reduce UK taxes after a looming UK general election if his governing Conservatives come out on top, in a speech Friday in which he’ll also reiterate an ambition to eliminate the country’s national insurance payroll tax. “Taxes will go down under a Conservative government because we will do the hard work necessary to keep our economy competitive," Hunt will say, according to excerpts briefed by his office. “We know doing so will lead to more growth for the economy and more...