Higher Rate Tax
A minor quibble with an otherwise excellent read:
For many on the 40% higher rate (earning over around £42K/annum) they will be paying 2% NI on that extra £100 not 12%, meaning they can purchase goods worth around £48 not £40 (compared to the £57 the person on the standard rate pays).
Doesn't change your point though.
Biting the hand that feeds IT
