About: This is potentially misleading, because a “£1,000 reduction” could be understood in different ways. The figure is based on a counterfactual estimate of the additional amount someone on the minimum wage would pay in income tax and national insurance contributions (NICs) in 2023/24, had thresholds increased in line with inflation since 2010. It’s not an estimate of how the amount of tax and NICs they pay has actually changed since the Conservatives entered government.     Goto   Sponge   NotDistinct   Permalink

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  • This is potentially misleading, because a “£1,000 reduction” could be understood in different ways. The figure is based on a counterfactual estimate of the additional amount someone on the minimum wage would pay in income tax and national insurance contributions (NICs) in 2023/24, had thresholds increased in line with inflation since 2010. It’s not an estimate of how the amount of tax and NICs they pay has actually changed since the Conservatives entered government.
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  • This is potentially misleading, because a “£1,000 reduction” could be understood in different ways. The figure is based on a counterfactual estimate of the additional amount someone on the minimum wage would pay in income tax and national insurance contributions (NICs) in 2023/24, had thresholds increased in line with inflation since 2010. It’s not an estimate of how the amount of tax and NICs they pay has actually changed since the Conservatives entered government.
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