Meet the “High Earner, Not Rich Yet”—or Henry—the British six-figure worker who looks wealthy on paper but is quietly being squeezed by the tax system. In this episode, we dig into how earning just over £100,000 can trigger eye-watering marginal tax rates of 60–71%, wipe out allowances, and even leave some Henrys worse off than if they earned less. They’re excluded from perks like free childcare, pushed into odd tax-efficiency tactics, and largely ignored by every major political party—despite contributing nearly half of all income-tax revenue. What happens when a growing class of heavily taxed, politically homeless high earners starts to question a system that punishes upward mobility?

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