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Mark Rofe

@iamrofe

Bit of this, bit of that. Once put up a billboard to get a date. Work in marketing/PR. Building a local newsletter in Barcelona.
Never Miss What’s On in BCN → whatsonbarcelona.com/subscribe Joined March 2011
5K Following 14K Followers 63K Posts

Latest posts 5

Mark Rofe @iamrofe
My mum: “I don’t know how you manage to nap in the afternoon. I could never.”

3 days of helping me look after my nearly 2 year old and she’s taking afternoon naps too.

Think she gets it now 😂
Mark Rofe @iamrofe
Whenever inflation figures are thrown around, they don’t account for the fact that tax bands have barely changed.

So not only does stuff cost more, but people are paying a larger % of their income in tax.

So they’re getting poorer from both directions.
David Lawrence Verified account @d_1awrence Oct 27
Back in 2010, the minimum wage was £12,064 and the 'higher earner' band started at £43,875.

You only paid 40% tax once you were earning 3.6x the minimum wage.

There was clear incentive to progress, learn and aspire for more.

As things stand, you now start paying 40% tax once you earn £50,270 which is just 1.83x the minimum wage.

If it was the same multiple as 2010, the 'higher earning' band would be £98,841 and everyone below this amount would be paying 20%.

Someone on £98,841 is effectively losing out on £9714.20 net per year if the bandings had simply moved in line with previous multiples relative to minimum wage.

This is one of the reasons why the middle class is being eroded and why there's a cost of living crisis in the UK.
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