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I know you work in recruitment so I will try and put in some keywords:
Assuming you pay tax (either direct through earnings, VAT, etc.), this goes to the government who then pay some of it out back out in Tax Credits to low earners. If industry paid enough in wages, the Government wouldn't have to pay this out meaning either you paid less tax or it could be spent on other things (delete as appropriate).
Let me explain it to you how I see it.
If the government delivered public services efficiently there would be a well educated population, low crime no welfare industry and a healthier society. If they then got their house building sorted out there would be no need to tax people and the cost of living would fall. People would then not need tax credits and there would be more jobs because Britain would be:
1. A great place to live
2. A place that would attract foreign and domestic investment
By the way how is your fracking going?

