Boris Johnson

[Tom Joad]

I'd like to see those at the lower end pay more tax. No need to hike the 20% rate; they could do it if they were paid more.

I wonder what the net effect of, say, a £1.50/hour increase in the minimum wage would be, once increased tax revenues and a reduction in working tax credits were factored into the equation. We need to stop accepting that being a low wage economy is unavoidable.

Does anybody have access to the treasury's modelling software?

Wasn't that something Boris was promising? A high wage economy? We have been through a pandemic and now have a war in Europe,  add to that the energy crisis and need for renewable sources, I think most are realistic enough to accept a small tax increase is necessary. But let the government assume some fiscal responsibility also. This borrowing money for day to day expenses is far from ideal. Borrow to invest by all means, but I fear this government will just cut services and there will be no sign of the promised high wage economy.