The tax take: Are we now actually creating low-paid jobs?
More people are at work - but the income tax receipts don’t reflect this because the new jobs are low-paid
There was a bit less of a sheen than usual on the exchequer returns published last week.
Tax receipts have been described as positive, but positive is not an absolute value and has to be measured relative to something else. The Department of Finance often talks about “profile”, which in broad terms is the amount that government expects to receive in any given month. If receipts fall below the profile amount (which they did), that...
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