Daniel Priestley(@DanielPriestley):In 1999 you had to earn over 4x the minimum wage to be considered a higher earner on the 40% rate. Today just 1.8x the minimum wage considered high earner! If the same minimum-wage-to-high-earner ratio was applied from 1999 you’d have to earn over £115k before hitting the 40% income tax rate. We’re seeing a level of wage compression that would make a Soviet era socialist blush.

Daniel Priestley

@DanielPriestley

Founder of @DentGlobal & @itsScoreApp | Entrepreneur of the Year | 7x business books | Multiple 7 & 8 figure ventures/exits | Mission to develop entrepreneurs.

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Daniel Priestley@DanielPriestley

2026.10.28 22:38

In 1999 you had to earn over 4x the minimum wage to be considered a higher earner on the 40% rate. Today just 1.8x the minimum wage considered high earner! If the same minimum-wage-to-high-earner ratio was applied from 1999 you’d have to earn over £115k before hitting the 40% income tax rate. We’re seeing a level of wage compression that would make a Soviet era socialist blush.

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