Has always been the way in the UK. Get taxed highly, earn less, work longest hours.The UK must be the only advanced economy without rent capping. Just got back from New York where there are notices on subway trains announcing that rent increases are currently capped at 2% on two year leases and 0% on leases of 1 year or less. Meanwhile New York State has a minimum wage of $15 an hour. Now Congress has raised the basic salary below which all employees are entitled to an overtime rate of time plus 50% (for each hour worked over 40 per week) to $47500 pa. It has become apparent to me that working oeople are getting royally shafted in the UK.
Best thing we did was not join the Euro.