Quote Derwent="Derwent"But ~£380 pa or £7.30 per week better off than right now, which you appear to be ignoring.'"
The only sensible calculation is between last year and this and not what might be next year because we have no idea what else is going to change that affects the net disposable income of anyone.
According to the BBC budget calculator someone on £20K a year will save £267 in tax and £18 in NI.
It's fairly pointless quoting that though because if you like the odd glass of wine , spirits or drive your net gain is less.
You have to take all circumstances into account.
For example if you have a kid and earn a higher salary and start to lose child benefit if one of the family hits the threshold you are soon worse off than last year. Even more so with two kids. A family with one person earning 52400 and the other at home looking after the 2 kids will be £132 worse off. A family with two working on exactly half that wage each are £562 better off. Idiotic state of affairs.
Of course it all changes when you earn £185K or more thanks to the cut in top rate of tax. Then even losing [iall [/ithe child benefit for your two kids is offset by the gains in lower tax and NI.
"Progressive" taxation? Osborne doesn't know the meaning of the word.