“With personal allowances growing to £11,000 before being subject to tax, it will mean that people on less than a Living Wage will only be £6.40 per week better off in 2017-18. Surely this isn’t good enough.
“For far too long low income households have been struggling to make ends meet and for young people who are trapped in low paid jobs, with little prospects, it’s an even bleaker situation. The fact remains that more than five million people are earning less than they need to live on and this change will not eradicate working poverty. Too many families still struggle to afford the basics, meaning we face a scenario that, in the 21st century, should have long been consigned to the footnotes of history.”
Nahidur Rahman, KPMG Press Office
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This article represents the views of the author only, and does not necessarily represent the views or professional advice of KPMG in the UK.