Skip to content
Sign In Subscribe
The New York Times — Business — UK Economy — Economic Conditions And Trends — Wages And Salaries — Strikes

Britain Issues a Call to Work, With More Child Care an Incentive

The UK government announces expansion of free childcare, household energy subsidies and business investment incentives in its 2023 budget speech.

1 min read
  • UK government expands free childcare to children aged 1 and 2 years.
  • Chancellor Jeremy Hunt announces plan to increase workforce participation.
  • Tax and spending plans of 20 billion pounds ($24 billion) per year for the next three years.
  • Extension of household energy subsidies and business investment incentives.
  • Corporate taxes set to rise in April from 19% to 25%.
Britain Issues a Call to Work, With More Child Care an Incentive
In a major policy speech, Jeremy Hunt, the chancellor of the Exchequer, offered plans to promote greater work force participation, including more free child care.
The New York TimesBy Eshe Nelson

More in UK Economy

More in Business

More from The New York Times

Latest