Incentives and outcomes strike again. FT decided to dig in to the biggest drag on growth this country has. We have a new record of a 72% marginal tax rate. If you are evenly remotely above average, it increasingly feels like Britain is not the place for you. I know many people caught in this. You either need household income closer to £500k or someone to stop working for this to make any sense. Yet again, the middle gets punished for doing the thing that the economy and country functions on (working, having a family). I try to be optimistic here but I don’t see this being fixed. It’s too small of an issue to be a vote winner and high-risk for any politician who’s trying to appeal to the average earner in third world Britain.

Just insane. If you told me there’s a country out there which spends more on welfare than infrastructure I’d assume it was a complete failure.

Over 50% of fuel prices are tax but thanks I’ll be sure to check google maps