John McDonnell, the UK’s Shadow Chancellor of the Exchequer, has proposed raising the minimum wage to £10/hour in a speech to the Labour Party Conference in Liverpool. McDonnell also pledged to create a new Tax Enforcement Unit at HM Revenue and Customers, which would double the number of staff dedicated to investigating tax avoidance. The UK is one of only two countries that does not have an independent national income tax, but it was recently revealed by the Guardian newspaper that there are more than 100 companies registered with Companies House
John McDonnell, the UK’s Shadow Chancellor of the Exchequer, has proposed raising the minimum wage to £10/hour in a speech to the Labour Party Conference in Liverpool. McDonnell also pledged to create a new Tax Enforcement Unit at HM Revenue and Customers, which would double the number of staff dedicated to investigating tax avoidance. The Shadow Chancellor also committed to a full, public register of company owners and beneficiaries located in British Crown Dependencies and Overseas Territories and to doubling the size of the UK’s co-operative sector.