A £1k pay rise can cost you £20k in the UK.
If you earn £148k, you take home LESS than someone on £99.9k.
Go above £100k & you lose childcare & your personal allowance.
Parents need £149k just to match a £99k take-home.
UK tax policy actively punishes success
@Perb378093Sue@OliverNeilson@TheFreds Ulez is different from the congestion charge (it’s complex but the names are the clue) and BEVs are exempt (as indeed are nearly all petrol cars).
@econcallum I feel terms of trade externally and internally don’t get enough attention but admittedly that might mean I see it where it’s not actually important,
@econcallum I wasn’t saying it necessarily changes the story (Ive not checked the data) just thought to disprove the specific claim we need to look value as well as quantity of exports.
@DrFrancesRyan@GarethDennis A useful piece. But is it true luxury cars cost the taxpayer no extra? Don’t the tax breaks mean effectively they are more subsidised?
@Dan75878975@BoringBiz_@Raymond1103SD Everyone could have $1.9m without devaluing the currency if the economy was say 10x bigger, but more likely either you need inflation to get a 15% return or the return would be much mower and you’d not get there.
@sircalebhammer This doesn’t mean x% of youths are unemployed. It means x% of those in work or looking for work are. You really need to compare NEET rates.