Boris Johnson says bosses need to start paying their staff more

© Provided by Daily Mail MailOnline logo

Many firms have been paying their staff too little for years, Boris Johnson said yesterday, as he suggested rising wages could plug the gap left by a controversial Universal Credit cut.

The Prime Minister also said the Government would press ahead next month with plans to scrap the £20-a-week uplift in universal credit, which was introduced at the start of the Covid pandemic.

He said he had ‘every sympathy’ with families who are ‘finding it tough’. But he warned that maintaining the extra payment would require a tax rise equal to more than 1p on the basic rate of income tax.

Last night, it emerged that ministers are considering softening the blow from the universal credit cut by allowing claimants to keep more money as they earn, it emerged yesterday. 

The Treasury is discussing cutting the taper rate – the amount of benefit withdrawn for every pound someone earns – from 63p to 60p, according to the Daily Mirror. 

© Provided by Daily Mail (

Work and Pensions Secretary Therese Coffey made the proposal in her submission to the Government’s spending review.

Mr Johnson told reporters while travelling in the United States: ‘I have every sympathy for people who are finding it tough, I really really do – but we have to recognise that in order to maintain the Covid uplift you’ve got to find another five to £6billion in tax. That has got to come out of some people’s pockets.’

Mr Johnson said many firms had paid their staff too little for years – and suggested that rising wages seen in recent months could help plug the gap for some workers on low incomes. 

He added: ‘Wages are now rising faster than they have been for a long time, and the philosophy of this government is to try to deliver a high-wage, high-skill economy in which we invest in people, we invest in capital, we encourage businesses to put their profits back into people, back into the capital of the business, in order to drive productivity gain.

‘If you look at the UK since 2008, you look at our companies, they’ve been paying very low wages and they’ve been not investing, and productivity has fallen.’

© Provided by Daily Mail (
(

The planned cut in Universal Credit has sparked opposition across the political spectrum, with some senior Tories, including former party leader Sir Iain Duncan Smith, joining Labour calls for it to be kept in place.

Campaigners warn it could plunge tens of thousands of low income families into poverty at a time when the cost of living is rising fast.

But Mr Johnson said the ‘best solution’ was to ‘continue to invest in people’s skills, to make sure that they are getting the type of jobs that reward their hard work – and you’re starting to see that, you’re starting to see wages go up’.

He declined to say whether he could live on the £118-a-week minimum that Universal Credit guarantees to couples.

Yesterday, the ex-Scottish Tory leader Ruth Davidson added her voice to calls for the Government to keep the £20-a-week uplift. She told ITV it is ‘the wrong thing to do for people on low incomes’.

The row came amid calls for the Government to increase winter fuel payments and the warm home discount to help pensioners.

But Tory former minister Steve Baker urged ministers to prioritise universal credit. He said: ‘The problem with the winter fuel allowance is we end up giving money to people who don’t need it.’

Inflation could hit 4% in months, warns the Bank 

By Lucy White, City Correspondent for the Daily Mail 

The Bank of England issued a downbeat warning over rising living costs yesterday, saying that inflation could surge above 4 per cent by the end of the year.

In a gloomy update yesterday, the Bank hinted at the threat of interest rate rises in the future, warning that cost pressures may prove ‘more persistent’ than first thought.

Yet, despite the concerns, members of the Bank’s Monetary Policy Committee (MPC) voted unanimously to hold interest rates at their historic low of 0.1 per cent.

They worried that any move to raise rates too soon could put the brakes on the UK’s post-Covid economic recovery.

The Bank has now cut its expectations for growth in the third quarter of the year by around 1 per cent, leaving the economy at the end of September still around 2.5 per cent smaller than before the pandemic. However, it said recent price rises had ‘strengthened [the] case’ for ‘modest tightening of monetary policy’ over the next few years – which would mean an increase in rates.

The more pessimistic outlook will be a disappointment for Chancellor Rishi Sunak, who was relying on a rapid bounce back from Covid to help shore up the Treasury’s finances.

It is now looking increasingly unlikely that the economy will return to its pre-Covid size by the end of this year, as the Bank had initially predicted.

Fears that the recovery is slowing mean that the Bank has been reluctant to start reversing its massive stimulus programme, despite worries that this could be adding to inflation.

As well as slashing interest rates last year, the Bank also re-started its £895billion money-printing programme to inject more cash into the economy.

But Kevin Brown, at investments organisation Scottish Friendly, accused the Bank of ‘fiddling’ with stagflation – where the economy stagnates but the cost of living soars.

He added: ‘The Bank’s latest rate announcement [fails] to account for the real situation on the ground, where people are experiencing rocketing prices on a range of core needs.

‘With prices soaring… people are going to batten down the spending hatches and this is going to kill off the recovery.’

Internet Explorer Channel Network
News Related

OTHER NEWS

These Iridescent Decorations Will Give Your Lawn All the Shine It Needs This Christmas

Deciding which Christmas decorations to place on your lawn this year is about to get a little harder. Home Accents Holiday, a brand that’s carried by The Home Depot, has ... Read more »

ANALYSIS-'Shameful' failure to meet climate finance goal risks undermining COP26 talks

* Donors hope plan can restore trust among rich and poor countries * Campaigners say it’s too little, too late before UN summit * Aid groups slam lack of clarity ... Read more »

What are the transfer options for Hibs as club seek to replicate Christian Doidge impact?

The experienced striker went down in August and the effects are still being felt. Doidge is so good at linking play between midfield and attack, while his presence helps bring ... Read more »

Andy Murray claims top ten scalp and exacts revenge on Hubert Hurkacz in Vienna

Andy Murray went the distance in his bid to defeat Hubert Hurkacz at the third time of asking this year, and eventually succeeded to book his place in the Erstebank ... Read more »

I've turned my rental property into a multi-colored pad on the cheap

Courtesy of @prettypocketproject A mom has revealed how she turned her rental property into a multi-colored home on the cheap. Natasha McBrian, 30, posts on Instagram and TikTok about her ... Read more »

Facebook delivers good Q3 but expects Q4 to be below estimates

© Provided by City AM Facebook has delivered a good progress in the third quarter of 2021, said the company’s chief executive Mark Zuckerberg while announcing the company’s results. “We ... Read more »

NYC school safety agents ranks have thinned 36 percent amid rise in gun busts

The total number of NYPD school safety officers has dropped 36 percent recently, according to NYPD Chief of Department Rodney Harrison. Photo by Michael Loccisano/Getty Images Amid an alarming surge ... Read more »

'Tall tales and toxic tweets about e-cigarettes are stopping smokers quitting'

Quitting smoking can be ­difficult, and it seems social media can make the process even tougher. Because even when we sense the health information we read online might not be ... Read more »

IDA Awards: Feature Shortlist Includes ‘Flee' and ‘Summer of Soul,' Leaves Off Other High-Profile Titles

© Courtesy of Telluride Film Festival Out of 314 documentary feature submissions hailing from 58 countries, Neon and Participant’s Flee and Searchlight’s Summer of Soul were the highest-profile titles that ... Read more »

Anna Delvey: From Fake German Heiress to Subject of Shonda Rhimes' Netflix Series

© Getty Images Under the false identity of Anna Delvey, a German heiress hoping to launch a SoHo House-type lavish art club in various hot spots around the country, Anna ... Read more »

Kyrie Irving needs to start thinking about what's best for everyone else

It is not Kyrie Irving’s fault that some people can’t control themselves, but he should speak out before it becomes a bigger problem for him. © AP IRVING-VACUNAS – AP ... Read more »

Shoojit Sircar on Vicky Donor 2: I don't think I am capable enough to make it again

© Provided by Pinkvilla Filmmaker Shoojit Sircar opened up about the sequel of ‘Vicky Donor’ and said following the success of his 2012 release, he was offered an unimaginable sum ... Read more »

Kaapse Klopse: Cape Town's new year tradition faces an uncertain future after Covid-19 forced it off the streets for two years

Cape Town’s Kaapse Klopse festival was cancelled last year and again this year because of Covid-19. The question is whether this old tradition can survive another cancellation in 2022. © ... Read more »

Did you know what's special about BTS' member Jin's adorable green bow at the Permission To Dance on Stage concert?

© Provided by BollywoodLife.com BTS have a massive fan following and people are crazy about their concerts. Recently, fans went crazy over their Permission To Dance online concerts. BTS’ Permission ... Read more »

Bhabhiji Ghar Par Hai, 25 October 2021, Written Update: Ammaji challenges Tiwari and Angoori

© Provided by Pinkvilla In today’s episode, Tiwari gets back early and tells Angoori to serve food. Angoori tells Tiwari that she will take 1 hour to prepare the food. ... Read more »

T20 World Cup result: Mujeeb impresses as Afghanistan claim win over Scotland

© PA Images CRICKET-WC-2021-T20-AFG-SCO Scotland were brought back down to earth at the T20 World Cup after succumbing to the spin of Mujeeb Ur Rahman, who propelled Afghanistan to a ... Read more »

Ricciardo: F1 clash with Sainz was "rubbing racing"

© Andy Hone / Motorsport Images Daniel Ricciardo, McLaren MCL35M, Carlos Sainz Jr., Ferrari SF21 Ricciardo initially got ahead of the Spaniard after a fraught battle on the first lap, ... Read more »

Government wins NATIONWIDE injunction against Insulate Britain eco zealots – threatening then with jail and unlimited fines if they target ANY of the 4,300 miles of motorways or key A-roads across England

The Government has won a nationwide injunction against Insulate Britain covering 'entire road network' Environmental campaigners from Insulate Britain restart their road blockade protests in London They targeted three separate areas around Southwark Bridge, Canary Wharf and Liverpool Street stationTotal of 53 demonstrators cause misery for rush hour commuters and families on half-term holidays Are you the driver who said his father needs treatment? Please email: tips@dailymail.com Read more »

The Pod Generation: Emilia Clarke and Chiwetel Ejiofor to STAR in upcoming science fiction film

© Provided by Pinkvilla   The Pod Generation, a sci-fi romantic comedy directed by Sophie Barthes, will feature Emilia Clarke and Chiwetel Ejiofor. As per The Variety, The Pod Generation ... Read more »

Almost 40% of Popeyes restaurants have closed their dining rooms early because of the labor shortage

© Provided by Business Insider Popeyes is closing dining rooms. Joe Raedle/Getty Images Some Popeyes restaurants have closed dining rooms to serve only through the drive-thru and takeout. Locations have ... Read more »

Dow, S&P 500 hit fresh records ahead of mega-cap tech earnings

© AP Photo/Richard Drew New York Stock Exchange floor. AP Photo/Richard Drew US stocks closed higher with the Dow Jones Industrial Average and the S&P 500 hitting new records. The ... Read more »

Apple Finally Gave You the AirPods Update You've Been Waiting For

We judge all headphones and earbuds on a scale of 10, analyzing the categories we think are most important: sound, comfort, design, battery performance, and, if applicable, special features. Here’s ... Read more »

Facebook profits rise amid Facebook Papers findings

LONDON (AP) — Amid fallout from the Facebook Papers showing it failed to address the harms its social network has created around the world, Facebook on Monday reported higher profit ... Read more »

Parents are gifting increasingly large sums of money for kids' down payments: CIBC

A new report shows parents are giving increasingly large financial gifts so their kids can afford down payments in Canada’s hot housing market. © Provided by The Canadian Press The ... Read more »

Andy Murray schlägt die Nummer 10

© KEYSTONE/AP/Mark J. Terrill Andy Murray kommt erstmals seit 14 Monaten wieder zu einem Sieg gegen einen Top-10-Spieler. Der 34-jährige Schotte gewann in der 1. Runde des ATP-500-Turniers von Wien ... Read more »

British expats ‘kept waiting' for Spanish residency due to ‘lack of resources'

The deadline to apply for Spanish residency from within the country passed in December 2020 but some expats missed the date. They now face having to return to the UK ... Read more »

'Barbaric' assistant director from Alec Baldwin movie Rust was FIRED from Freedom's Path in 2019 after gun went off accidentally and injured sound crew member

Dave Halls is the assistant director on Alec Baldwin's Western film, Rust He handed Baldwin the gun that accidentally killed Halyna Hutchins Baldwin and Halls both thought the gun was loaded with blanks, not live roundsIn 2019, he was fired from the set of Freedom's Path after a gun went off 'unexpectedly' The sound crew member recoiled and had to seek medical treatment  Pyrotechnicians and prop masters who previously worked with Halls have told DailyMail.com about his 'flippant' attitude toward gun safetyOthers, who worked with him on Darlin' in 2019, say he was 'barbaric' towards junior crewmembers  Maggie Goll, a pyrotechnician who worked with Halls in 2019, said he was routinely 'admonished for dismissing actors without returning weapons' Many in the industry have asked why the live ammunition was even on set The Santa Fe County Sheriff's Department continues to investigate  Read more »

Kamala distances herself from Joe: Number of events they attend together plummets as former adviser reveals VP is unhappy not to have 'all-star portfolios' and instead told to fix the border crisis

Biden and Harris had 38 events together in February and just 7 in OctoberHarris' public appearances with Biden have been limited to 1 in Sept. and Oct.The decrease appears to be in contrast with the White House's narrative that Biden and Harris have an equal partnership leading the administrationA White House official told DailyMail.com that the pair lunch together weekly  Read more »

EXCLUSIVE: Phil Collins will be GRILLED under oath by his ex-wife's lawyers when he returns from Genesis tour after she claimed the singer had horrible hygiene, was 'drunk by mid-morning' and addicted to painkillers in battle over $40m Miami mansion

Phil Collins will be questioned under oath by his ex-wife Orianne Bates' lawyers about alleged drug use and bad hygiene, DailyMail.com can reveal Bates' lawyers plan to depose Collins on camera in December when he returns from his Genesis comeback tour, The Last Domino The Genesis singer tried to stop his ex from suing him for half of their former Miami Beach home, but a judge has ruled the case can go ahead   Her lawsuit is an attempt to obtain 50% of the house from Collins, which she claims Collins verbally promised to herBates claimed that living with Collins was unbearable after he became a hermit and refused to shower for nearly a year from 2019-2020 Collins lawyers say his ex's allegations are 'scandalous, scurrilous, unethical and, for the most part, patently false or grossly exaggerated'   Read more »

The shapewear billionaire shares the wealth! Spanx founder Sara Blakely gifts 500+ staff with $10,000 and two first-class plane tickets each as brand is valued at $1.2 BILLION (21 years after the fax machine saleswoman launched it with just $5k)

Investment management company Blackstone had purchased a majority stake in Spanx last week, with the company reportedly valued at $1.2 billionThough neither company shared how much Blackstone purchased, they paid an eight-figure sumBlakely, 50, announced the news to employees with a party this weekShe surprised them with news that each person would get two first-class plane tickets to anywhere in the world, plus $10,000 spending money Employees were seen screaming, cheering, and crying, with several sharing plans to go to Croatia, South Africa, and Bora BoraBlakely began Spanx as a side business while selling fax machines door-to-door in her late 20s  Read more »

Baylor freshman Langston Love to miss season with torn ACL

The Baylor Bears have suffered a significant setback ahead of the upcoming college basketball season.  © Jerome Miron-USA TODAY Sports Baylor confirmed Monday that freshman guard Langston Love suffered a ... Read more »

The $45 Jacket the Oprah Daily Staff is Obsessed With

These days everywhere I look, I see sherpa something—jackets, handbags, shoes, sweaters, blankets. The snuggly material is surely a sign of the times. Now more than ever, women and men ... Read more »

Green Bay Packers receiver Davante Adams tests positive for COVID-19, could miss key game vs. Cardinals

GREEN BAY – The Green Bay Packers’ short week just got a lot more difficult.  With just three days to prepare for a Thursday night game at the 7-0 Arizona Cardinals, ... Read more »

REI Outlet sale: Save up to 50% off

Cold weather adventures call for different gear than spring and summer jaunts into the great outdoors, and REI is a go-to source for all of the above. While the brand’s ... Read more »

Britain's most eligible young stars from Emma Raducanu to Romeo Beckham

TENNIS sensation Emma Raducanu is having an ace time after winning The US Open — and the ball’s in her court when it comes to love. The 18-year-old tops Tatler’s ... Read more »

Astros vs. Braves odds, predictions, record & more to know for 2021 World Series

Once upon a time, the Astros and Braves were regular October opponents. From 1997 to 2005, they faced off five times, with Atlanta taking the first three and Houston taking the ... Read more »

Hochul follows through on post-Cuomo promises to address harassment and discrimination in Albany

ALBANY — Gov. Hochul says she’s making good on her promise to turn the page from the Cuomo era and root out harassment and discrimination in state government. State workers ... Read more »

2022 Ford Expedition Timberline reportedly starts at $68,385

Next year will be the first model year for the 2022 Ford Expedition Timberline. Ford Authority says it has word from sources “familiar with the 2022 Expedition lineup” that the ... Read more »

Katie Price says disabled son Harvey, 18, has dated girls but has no desire to have sex

KATIE Price has told how her 18-year-old son Harvey has had relationships with girls – but doesn't have any desire to have sex. The former glamour model, 43, opens up ... Read more »

Skip the Pricey Self-Warming Coffee Mug — Keep Your Coffee & Cocoa Warm All Winter Long With This $12 Device

Have you ever gotten so entranced in your work or a new novel that you forget about your coffee? And then before you know it, it’s turned into become awful ... Read more »
On free-english-test.com you will find lots of free English exam practice materials to help you improve your English skills: grammar, listening, reading, writing, ielts, toeic