Thread by @Neil_Lewis

This is why Work from Home (#WFH) will succeed - as demonstrated by 'Telegraph writer and lead political analyst'

Would every office worker etc like an extra £5,280 per year - post tax? Ie. a >£10k pay rise for low income earners* or gradate tax payees?

🧵

Did you know that the average office worker spends £5,280 /yr to go to work?

Did you know that margin tax rates for graduates earning above £27k is 50% and for minimum wage income earners losing UC the rate is 44% - which is why you need ~ £10k / yr - in pre tax income!

NB. there are tax rises coming next April, fuel increases and inflation kicking in - so all these 'go to work' costs will rise!

Equally, you can spend £5k / yr savings on other things - maybe upgrade your home heating / insulation?

For some businesses, this is good news!

Now you know that going to the office requires a commensurate pay increase of approx £10k - what will employees do? Ask for bigger wage rises?

Or will smart businesses equip staff to WFH?

My bet is on the latter. #WFH

Couple of points - yes, this will damage office property developers & sandwich makers - but will benefit heat pump and home insulation fitters!

Yes, some jobs need staff to be present - in which case, expect some hefty pay increase requests - or help reduce the 'in work costs'.