The last time wages got too high was when the trades unions were working on the ‘levelling up’. In strongholds such as car-making and newspapers, it was automation and technology which ultimately broke their hold. And it could see off Boris’s ‘boost pay and level up’ strategy too. Restaurants, especially the fast variety, won’t pay through the nose for long for staff, just as their punters won’t want to pay more for rubber chickens. So the way they’re cooked, ordered and served is already needing less and less jobs. And the levelling back down begins.
“Consumer Confidence Drops Amid Budget Uncertainty”
Will they/won’t they? Hit pension tax relief/tax-free lump sums/annual allowance/lifetime allowance? What about Inheritance Tax and Capital Gains Tax? And although they’ve said they won’t touch the rate of VAT, might they extend it? To the cost of our advice, for instance?
