2005 approved spark 10.84 ph- 390.24 pw
2023 approved spark 17.20 ph - 619.20 pw
2005 min wage 5.05 ph - 181.80 pw
2023 min wage 10.42 ph - 375.12 pw
2005 Min wage 46% percentage of sparks wage
2023 Min wage 60% percentage of sparks wage 60%
Correction factor using 2005 minimum wage percentage for 2023 sparks wage.
375 ÷ 0.46
= £815 pw
815 - 619 = £196 pw before tax down
14% pay cut in 18 years.
2023 approved spark 17.20 ph - 619.20 pw
2005 min wage 5.05 ph - 181.80 pw
2023 min wage 10.42 ph - 375.12 pw
2005 Min wage 46% percentage of sparks wage
2023 Min wage 60% percentage of sparks wage 60%
Correction factor using 2005 minimum wage percentage for 2023 sparks wage.
375 ÷ 0.46
= £815 pw
815 - 619 = £196 pw before tax down
14% pay cut in 18 years.