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That sounds good initially.maybe they can increase income tax to 25% but start with a threshold of 20k - that way the lower earners will have more disposable income
But if you earn £19999, that's what you take home.
If you earn £20,001, you suddenly take home £17,500.
The "banded" company I worked at also had another wrinkle.
One band rise took the overtime, and the enhancements off the table.
That made up several thousands of pounds to me, and replaced it with about £300.
I resisted the band rise all the time I was there, and moved up on my condition I kept my existing band!