Lower wages have led to lost revenue

BKL tax partner David Whiscombe comments for the UK200Group on Labour’s revelation that the current government lost £95bn in revenue during the last five years due to depressed wages and faces losing a further £109bn if the same happens during the next parliament.


‘This is true only at the trivial level, where higher wages mean higher taxes. But they also mean higher costs and ultimately, pursued to the extreme, an inflationary spiral. It’s tempting for Government to seek to inflate its way out of crippling public debt. But it’s been tried in the past and the cure is worse than the illness.’


The full article is available via the UK200Group website.



Sam Inkersole

In 2022, Sam won the Taxation’s Rising Star award at the Taxation Awards in and was named in the Accountancy Age 35 Under 35.

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While Jon’s client work focuses on the financial services sector, he also oversees the firm’s assurance service, as well as supporting the trainees following in his footsteps.


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