When Labour came to power in 1997, people were left with 34.5% of their gross income after taxes, national insurance, mortgage or rent. Now it\’s 32.6%.
That\’s Zoe Williams.
She then goes off to talk about house prices, food and so on. The one thing she doesn\’t mention is that the tax burden has changed: no, I\’ve not got the figures in front of me but I\’m certain that the drop in disposable income can be explained by the rise in the average tax bill.