Treasury written question – answered at on 30 July 2024.
Richard Holden
Conservative, Basildon and Billericay
To ask the Chancellor of the Exchequer, what the average take home pay was of someone aged 23 working full-time on the minimum wage in (a) cash terms and (b) adjusted for inflation in the financial year (i) 2000-01, (ii) 2009-10 and (iii) 2023-24.
Tulip Siddiq
The Economic Secretary to the Treasury
The statistics requested can be calculated for a typical worker on the minimum wage using the following data sources: average hours from ONS dataset HOUR01; inflation from ONS CPI series D7BT; historic Income Tax liabilities from HMRC, “Income Tax Personal Allowances and Reliefs”; historic National Insurance liabilities from HMRC, “Main Features of National Insurance Contributions”.
Yes1 person thinks so
No1 person thinks not
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