That wage compression at the top is striking and cannot be good for our productivity. We're either losing top talent (to other countries) or UK top talent is not in demand or not being rewarded (due to high taxes etc).
When you realise most of the top earners work in increasingly global/American companies, taxing them at 60%+ feels absurd.
The longer this goes on the youth are going to have another nastly realisation when they realise they’ve missed a ~decade of building a private pension. This has longer term effects.
Secondly, we should subsidise heavily degrees where a) the skills are highly valuable (STEM, etc) and/or b) we have a forecasted shortage. Gender studies etc self-funded or though loan mechanisms that actually make sense
That wage compression at the top is striking and cannot be good for our productivity. We're either losing top talent (to other countries) or UK top talent is not in demand or not being rewarded (due to high taxes etc).
When you realise most of the top earners work in increasingly global/American companies, taxing them at 60%+ feels absurd.
The longer this goes on the youth are going to have another nastly realisation when they realise they’ve missed a ~decade of building a private pension. This has longer term effects.
Secondly, we should subsidise heavily degrees where a) the skills are highly valuable (STEM, etc) and/or b) we have a forecasted shortage. Gender studies etc self-funded or though loan mechanisms that actually make sense
Thanks, Neil. A very clear article. Amazing the government don't think these things through.