LONDON DAILY ARCHIVE
Chancellor says £100,000 not a huge salary in Surrey
Chancellor Jeremy Hunt has sparked controversy by stating that a £100,000 salary isn't significant for residents in his Surrey constituency due to high mortgages.
23 March 2024 · 23:17 UTC
Amid rising mortgage costs post the Conservative government's mishandled budget, Hunt's remarks seem aloof to the hardships faced by families.
While free childcare is available for earners below £100,000, and Hunt has proposed changes to the child benefit eligibility, raising the threshold from £50,000 to £60,000 with partial benefits up to £80,000, his comments have prompted backlash and highlighted the disparity with the UK's median salary of £34,963. Hunt has yet to respond.