The UK Budget: There's never been a better time to learn less money!

It's not just yesterday's UK budget that's put the squeeze on UK wages, it was that combined with the 1.25% hike in National Insurance contributions back in September.

There weren't any further tax increases announced yesterday, rather an increase in the minimum wage and an 8% increase in the 'Universal Credit Taper Rate' - meaning those in the lowest paid jobs are now 8% better off.

Meanwhile, that 1.25% affects anyone earning over around £10K.

There were also announcements about increased public sector spending - more the NHS/ schools/ affordable housing and an end to the public sector pay squeeze.

TBH I don't see where all of this money is going to come from other than a tax increase at some point in the future - which I can only see falling on higher earners given that it's well-known that lower wage earners are already struggling to survive given the increase in the cost of living, which isn't offset by the increase in the minimum wage OR the changes to universal credit.

So it strikes me that if you can survive on a low wage, you're better off on one, otherwise you'll probably just going to end up paying more in tax at some point in the future.

Unless you like paying tax to this government?

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