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by michaelt
1211 days ago
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Liz Truss's vision of 'growth' meant cutting caps on bankers' bonuses, and an unfunded tax cut for people earning over £150,000. That's not likely to get many extra people into the pub, because there aren't that many people earning >£150k. |
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Those earning 55k a year used to, now they can't afford it.
(Marginal tax at 55k for a parent with 2 kids and a student loan is 69%, for someone on 150k who's probably paid off their loan it's 47%)