Treasury written question – answered at on 3 September 2024.
To ask the Chancellor of the Exchequer, pursuant to the Answer of 30 July 2024 to Question 1812 on Pay: Young People, if she will make these calculations.
I refer the Rt Hon. member to the publicly-available data sources listed in response to his previous question, from which further calculations can be made.
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”. Links can be found on the GOV.UK Website here:
https://www.ons.gov.uk/economy/inflationandpriceindices/timeseries/d7bt/mm23
https://www.gov.uk/government/statistics/main-features-of-national-insurance-contributions
Yes2 people think so
No1 person thinks not
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