The Great Debate UK
By John Evans, CEO of Incahoot.com. The opinions expressed are his own.
It’s a cold November morning last year, and in the Today programme studio Ed Miliband sits across the desk from John Humphrys.
John: “So Mr Miliband, can you tell us exactly what you mean by the ‘squeezed middle’?”
Ed: “Well John, we mean those above and below the median salary and, in particular, those earning less than £45,000 and therefore on the basic rate of income tax. This is a separate group from what we would normally call the ‘middle classes’.”
If that definition seemed vague, five months later we are getting a clearer picture of who falls into this group – and it’s clear they will suffer the most when the Budget is announced.