Comments by "Greg Greg" (@SlowhandGreg) on "Cost of Living: Public sector pay rise will not be funded by borrowing- Chancellor" video.

  1.  @Benzknees  That old BS the wealthiest pay Fk compare to workers Quote Researchers from Warwick University and the London School of Economics (LSE) analysed anonymised HMRC tax returns of higher earners and found that the average person with £10m in total remuneration had an effective tax rate of just 21 per cent – less than someone on median earnings of £30,000.
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  2. so lets look at the BS oozing out here How much does giving a Public sector worker actually cost the Treasury in REAL terms Ex give a nurse +£1 the economic multiplier is around 0.81 at the last time I saw figures on this When the government gives someone a pay rise it claws back near 50% of that pay rise in income tax NI and student loan tax that money also helps reduce turnover which adds cost and reduces the requirement for agency staff (over 2 billion spent) The rest of the money gets spent into the economy creating a merry go round of spend and tax So total cost to the Treasury (and this is a lowball estimate ) 19p in the £
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