Downloads
living_wage2010.pdf
PDF | 223.43 KB
The following note contains a description and explanation of how the IFS has examined the impact on receipts of income tax and national insurance, and on spending on benefits and tax credits, if all private sector employers (and as a variant, all employers) increased wages to a "living wage" of £7.85 in London and £7.60 in the rest of the UK, and if there were no change in employment. Approximately 7.3 million people in the UK are paid less that these living wages, of which about 6 million are in the private sector and 1.3 million in the public sector.
Authors
Mike Brewer
Associate Director
David is Head of Devolved and Local Government Finance. He also works on tax in developing countries as part of our TaxDev centre.
Report details
- Publisher
- IFS
Suggested citation
Brewer, M and Phillips, D. (2010). IFS analysis on the "living wage". London: IFS. Available at: https://ifs.org.uk/publications/ifs-analysis-living-wage (accessed: 19 March 2024).
More from IFS
Understand this issue
2p cut is welcome but fiscal risks are serious
23 November 2023
Cutting inheritance tax isn’t quite as simple as its proponents suggest
20 November 2023
The way Chancellors respond to economic news adds to our debt - here's why
1 March 2024
Policy analysis
Scottish Budget: The medium-term outlook and choices
6 February 2024
The IFS Scottish Budget Report – 2024–25
22 February 2024
Top-ups to the Scottish Budget for 2024–25 are likely – but huge uncertainty on their scale
22 February 2024
Academic research
The labor market effects of disability benefit loss
29 September 2023
Is it time to reboot welfare economics? Overview
5 September 2023
The menopause "penalty"
18 March 2024