Quote Originally Posted by iceman View Post
A person working full time on the new minimum wage and a few weekends in overtime, now gets into the 30% bracket. The Government constantly increasing minimum wages on businesses, that then run right through to all other employees of the business and from there into prices of goods & services, while not adjusting tax brackets. This is just a clever (some say dishonest) increase in the tax take paid for by all businesses and consumers.
Lets not forget that everyone else in the organisation also has to have a pay increase of similar magnitude. It is inflationary and is going to bite them on the bum big time. I know plenty of people that were earning above minimum wage and were happy about it. Not anymore. They are going to have to have a commensurate increase and the cost is going to be borne by the consumer ultimately. Not a good thing. (Tax take will go up like you say. Tax increases by stealth. No one ever said this Labour govt were not sneaky)