- Wednesday, 18 November 2009The government should increase its support for low income earners by increasing the minimum wage and combating tax system inequality, it has been claimed.
That is according to the Institute for Employment Rights (IER), which has suggested that the government should address these issues in order to help those who are suffering the most during the recession.
By raising the minimum wage and offering better tax options to the poor, fewer people may struggle financially and come to rely on bankruptcy-avoiding measures such as
individual voluntary agreements (IVAs).
Carolyn Jones, director of the IER, said that an increase in the minimum wage was of little consequence compared to some of the City's bigger earners.
She commented: "We would like to see the minimum wage raised to half the median male earnings.
"It should take it up from [its current level] to around £7. When you compare that to the pay that some of these fat cats get, then it is still very low."
The Trades Union Congress recently called for limits on the amount of tax relief those on more than £100,000 per year are eligible to claim.
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