Manchester United superstar Cristiano Ronaldo and Liverpool star Mohamed Salah set to earn extra £1.3 million this year after controversial mini-budget - Reports × Follow Us Create Notifications New User posted their first comment this is comment text Link Approve Reject & ban Delete Log in Manage your profile Editing Story Queue Video Queue Editing Stats Writer Home SEO Redirection Admin Wiki Edits Taxonomy Home Edit Site Menu Mapping Dashboard Tag Pages Community Social Feed Queue Feed Center Notification Center Affiliate Home Manage Pages Bottom Tagline Dash Timeless Stories Logout Football EPL 2022-23 Rumors

Manchester United superstar Cristiano Ronaldo and Liverpool star Mohamed Salah set to earn extra £1 3 million this year after controversial mini-budget - Reports

By Jack Spedding Modified 28 Sep 2022 Follow Us Comment Share Cristiano Ronaldo and Mohamed Salah set to benefit from U.K mini budget Cristiano Ronaldo and Mohamed Salah are reportedly set to make an extra £1.3 million following the U.K.'s controversial mini-budget. According to The Times, the Conservative government has revealed that the highest rate of tax will drop from 45% to 40%. U.K. chancellor Kwasi Kwarteng has also announced income tax and national insurance cuts. This is, of course, excellent news for highly-paid Premier League footballers, who are now set to earn an average of £240,00 more a year after tax. This is a notable upgrade on their reported average annual wage of £4 million after tax. Kieran Maguire@KieranMaguireIf Cristiano Ronaldo uses @thetimes tax calculator following the mini budget yesterday on his £400,000 a week salary he may be smiling.1450306If Cristiano Ronaldo uses @thetimes tax calculator following the mini budget yesterday on his £400,000 a week salary he may be smiling. https://t.co/K4BdBPoA1Q The Mail has claimed that Cristiano Ronaldo will be one of the biggest beneficiaries of this new budget, as he reportedly earns £400,000 a week at Manchester United. The announcement of the tax cut has been roundly condemned by the U.K. public, with the pound crashing to a record low this week following the announcement. Sky News@SkyNewsIMF warns UK against mini-budget that will 'likely increase inequality' news.sky.com/story/imf-warn…467112IMF warns UK against mini-budget that will 'likely increase inequality' news.sky.com/story/imf-warn…

Football finance expert speculates how Cristiano Ronaldo s increased wage could be spent at Manchester United

Speaking to The i, football finance expert Kieran Maguire discussed the effects that Kwarteng's budget will have on the Premier League. Maguire proclaimed: “I’ll always defend footballer’s pay. We live in a market-based environment, it is a short career and the majority of players don’t earn the money that provides the focus for people like me who will show the strange benefits that these things can bring. I’m sure it wasn’t the driving force of Kwasi Kwarteng's decision making but it does illustrate the impact it has." “The tax issue in its own right isn’t significant but what will happen is the clue: there’ll be a significant uplift in terms of net pay and you have to ask yourself what’s going to happen in that situation? Is it going to have a positive impact on the economy?" Speaking about how the budget will affect Ronaldo's finances, Maguire continued: “Ronaldo gets an extra £1.3m, he’s going to save that as he already has a huge take home whereas it could be argued if you get Manchester United’s 1,000 part-time staff an extra £1,300 each, they’re going to spend that." "It’s the nature of income distribution, people who are poorer spend because they can’t afford to save. I’m not party political but it seems to be inconsistent with the Government’s leveling-up agenda.”SPORTbible@sportbibleCristiano Ronaldo has been SLAMMED by the Portuguese media after his 'disasterclass' against Spain last night.254971095Cristiano Ronaldo has been SLAMMED by the Portuguese media after his 'disasterclass' against Spain last night. https://t.co/OfzxpS1gZi Poll : 0 votes Quick Links More from Sportskeeda Edited by Ritwik Kumar × Feedback Thank You! Be the first one to comment Follow Us Share Show More Comments GIF Comment in moderation 0 0 Reply x Edit Delete Delete the comment? No thanks Delete GIF Cancel Update GIF Cancel Reply ❮ ❯ GIF Comment in moderation 0 0 Reply x Edit Delete Delete the comment? No thanks Delete GIF Cancel Update GIF Cancel Reply ❮ ❯ Be the first one to comment on this story More from Sportskeeda Fetching more content... 1 Manage your profile Editing Story Queue Video Queue Editing Stats Writer Home SEO Redirection Admin Wiki Edits Taxonomy Home Edit Site Menu Mapping Dashboard Tag Pages Community Social Feed Queue Feed Center Notification Center Affiliate Home Manage Pages Bottom Tagline Dash Timeless Stories Logout No Results Found Get the free App now Manage notifications Popular ‍ Sports (30+) CricketCricket HomeScheduleT20 World CupT20 warm upIND vs SAENG vs PAKAUS vs ENGLegends LeagueECS T10 CroatiaWBBL 2022ECC T10SMAT 2022Bukhatir LeagueNZ T20 Tri-SeriesWomen's Asia Cup 2022ECT10 FootballFootball HomeNewslettersSK Experts ScheduleEPLNations LeagueLa LigaLigue 1Champions LeagueFIFA WCMLS Bundesliga Serie A WWEWWE HomeNewslettersRumor RoundupRAWSmackDownResultsRosterChampionsWWE Crown Jewel 2022PPV ScheduleAEW EsportsEsports HomeMinecraftOverwatch 2RobloxGenshin ImpactFortniteGTAStreamersFree FirePUBGValorantBGMIPop CultureAnimeGaming TechWiki Guides TennisTennis HomeTennis calendarTennis Results TodayATP RankingsWTA RankingsRoger FedererRafael NadalNovak DjokovicSerena Williams MMAMMA HomeUFC NewsONE ChampionshipUFC Fight NightScheduleRankingsResultsUFC Fights TonightONE Championship ResultsONE Championship ScheduleONE Championship Rankings KabaddiKabaddi HomePKL 2022PKL SchedulePKL Points TableKabaddi Rules WikiWiki HomeMinecraft WikiNaruto WikiTikTok WikiYoutube WikiGTA WikiTerraria WikiOne Piece Wiki MoreSportsBasketballIndian FootballNFLMinecraftFormula 1NascarPop CultureCollege FootballHockeyGolfAthleticsBadmintonGymnasticsWrestlingSwimmingTennisShootingBoxingArcheryWinter SportsRobloxFree PicksSkateboardingKho KhoLifestyle LINKS About Us Write For Us Policies Editorial Standards Journalism Awards Fact Check Affiliate Program Careers CSR Privacy Policy Contact Us Edition: English हिन्दी