Announced last Monday as part of the 2018 Budget by UK Chancellor of the Exchequer Philip Hammond, the tax is due to come into effect in April 2020.
Philip Hammond, UK chancellor of the exchequer, referred in his Budget speech in November to a "relentless focus on getting more people into work".
That house is the official residence of the chancellor of the Exchequer, Britain's finance minister.
"Populist outrage doesn't by itself collect a single extra pound or dollar in tax or put a single criminal in jail," said George Osborne, the chancellor of the Exchequer in Britain, at a news conference on Thursday in Washington.
Many expect him to resign in the next several years and turn over the reins of the Labour Party to Gordon Brown, the chancellor of the exchequer, whose policies many credit in creating Britain's strong and stable economy.
