Workers warned Budget tax rises will hit their wages

Quick Summary:

Economists say tax rises in the Budget will mean employers have less to give as pay rises.

However, projected income growth is slightly faster than the 0.3% annual average between 2019 and 2024, a period which saw a series of economic blows including Brexit, the pandemic and energy price rises following Russia's invasion of Ukraine.

The government has pledged to make economic growth its priority and said people would have more "pounds in their pockets" by the end of the parliament.

---

More Pictures

---

Read Quick SummarySave Time

or

Article Details

Category: Business

Markets: United KingdomUkraine

Topics: Chancellor Rises Increase Warned Public Businesses Growth Rise Spending Budget

Source Website Secure: Yes (HTTPS)

News Sentiment: Neutral

Fact Checked: Legitimate

Article Type: News Report

Published On: 2024-10-31 @ 16:37:49 (5 days ago)

News Timezone: GMT +0:00

News Source URL: bbc.com

Language: English

Article Length: 1060 words

Reading Time: 6 minutes read

Sentences: 34 lines

Sentence Length: 32 words per sentence (average)

Platforms: Desktop Web, Mobile Web, iOS App, Android App

Copyright Owner: © BBC Business

News ID: 23423560

View Article Analysis

About BBC Business

Main Topics: Business

Official Website: bbc.co.uk

Update Frequency: 7 posts per day

Year Established: 1922

Headquarters: United Kingdom

News Last Updated: 10 hours ago

Coverage Areas: United Kingdom

Ownership: Independent Company

Publication Timezone: GMT +0:00

Content Availability: Worldwide

News Language: English

RSS Feed: Available (XML)

API Access: Available (JSON, REST)

Website Security: Secure (HTTPS)

Publisher ID: #43

Publisher Details

Frequently Asked Questions