Kanjar/Kutha
Joined March 2010
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Roll to the rave 5 Mandeep retweeted
Back in 2010, the minimum wage was £12,064 and the 'higher earner' band started at £43,875.
You only paid 40% tax once you were earning 3.6x the minimum wage.
There was clear incentive to progress, learn and aspire for more.
As things stand, you now start paying 40% tax once you earn £50,270 which is just 1.83x the minimum wage.
If it was the same multiple as 2010, the 'higher earning' band would be £98,841 and everyone below this amount would be paying 20%.
Someone on £98,841 is effectively losing out on £9714.20 net per year if the bandings had simply moved in line with previous multiples relative to minimum wage.
This is one of the reasons why the middle class is being eroded and why there's a cost of living crisis in the UK.
An increase to £13.20p/h equates to a minimum wage of £27,456, based on a 40 hour week.
Once you factor in employers NI and basic pension contributions, the MINIMUM cost to hire a 21 year old for a company would be £31,461.
This is before you factor in any overarching business costs like office space, laptops, phone, software, training, support staff, vehicles etc.
This is going to be devastating to SME's who cant put together a simple 12 month budget without the goalposts being moved & their margins squeezed.
It'll also be catastrophic to youngsters opportunities because businesses will simply not be able to afford to hire them.
What's also incredible is that anything above £50,270 is seen as 'high earnings' in the UK and is taxed at 40%!
We are governed by financially and economically illiterate morons.
This will not end well.
Roll to the rave 5 Mandeep retweeted
There are people out there claiming PIP for their "social anxiety" and this guy's fully Hawking and still managing to orchestrate international terror. Be inspired.
Roll to the rave 5 Mandeep retweeted
🚨NEW: An inquest has heard Lib Dem-run Cambridgeshire council received 127 complaints about a pothole in a 60mph zone before it killed two teenagers
Roll to the rave 5 Mandeep retweeted
If you cancel your TV licence you can put the money towards your next gas bill and stick the heating on for a bit.
Before you crank up the thermostat, try these tips to keep your house warmer for longer bbc.in/48gLc8A
Someone needs to organise a game of british bulldog or stuck in the mud on oxford street now with that room for activities
Roll to the rave 5 Mandeep retweeted
I’m not even ready for tomorrow.
Britain must be ready for war within 1,000 days, Defence Secretary warns
lbc.co.uk/article/defence-pr…
Roll to the rave 5 Mandeep retweeted
Sorry British people are genuinely so funny. Everybody’s saying will I fuck to stockpiling 😂😂😂😂😂😂😂
Roll to the rave 5 Mandeep retweeted
The repeated warnings to prepare for war in the UK aren't based on a serious assessment. It's a comms strategy. The govt know that shifting spending to arms during a collapse in living standards is unpopular. They justify it by creating a war fever. It's as simple as that.
Roll to the rave 5 Mandeep retweeted
The plumber and £5 pint story of how much the government is rinsing everyone in taxes. It’s not the cost of living crisis, It’s the cost of government taxation crisis.
Roll to the rave 5 Mandeep retweeted
Should I panic buy lots of items so that Supermarket profits get a boost, which when combined with Black Friday and Christmas spending artificially inflates GDP in early 2027 thereby enabling the government and BBC News to announce "Good News on Growth" just as Fuel Bills go up?
Why should I stockpile and what will I need? bbc.in/4yESD4t
