Quote:
Originally Posted by nomadking
No, because the inevitable price increases because of ......... the living wage.
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The living wage isn't going to profoundly increase the amount of money in the economy so shouldn't make that much of an impression in prices.
The minimum wage didn't make much difference in the grand scheme.
Companies will see their own tax bills drop a bit, and will have to take hits on their bottom line, which many can certainly afford. Those who cannot, well, some are exactly the unproductive 'zombie' businesses that have been kept going on cheap credit and forbearance.
---------- Post added at 20:15 ---------- Previous post was at 20:14 ----------
Quote:
Originally Posted by Gary L
Isn't that what National Insurance is for?
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National Insurance is general taxation. It goes into the same pot as the rest. It's income tax under another name.