Re: Still don't understand....
"So a contractor on £400+ pday is probably doing the same work as an HMRC employee on £26K pa. ie. minimum wage"
No permie developers (except maybe graduates or juniors) are on 26k a year.
26k isn't minimum wage.
And you assume that client work is the only thing we do... How do you figure i reimburse myself for all the bits that i do for my company?
What about the evenings and weekends spent upskling? Actually... What about the costs of my training? On 400 a day after corp tax and company expenses and the wage you propose there's not enough for training (at least not decent training)
I don't think you've thought this through.. given your figures/assumptions i don't think you have much of a grip on the reality of the job market in 2017.