(Emergency) Budget 2015

[Osem]

Originally Posted by Gavin78

I'm all for the wage increase. although what bothers me is I am on just over £9 per hour with the crappy 1% pay increase I am expected to get over the next 4 years.

So someone who has left school never got far in life and can walk into a job any job and be on £9 per hour.

While we all have our places I consider my job to be worth more than say someone serving me coffee in a cafe or stacking shelves in the local Asda which is a kick in the teeth that they will be pretty much on the same wage as me and I have to take into account my job role and what I have to do in it to earn that £9 per hour

Most people do too.

[Kursk]

When the young aren't griping about the money the old people get, they're griping about the money that young people are to get .

[TheDaddy]

Originally Posted by Gavin78

I'm all for the wage increase. although what bothers me is I am on just over £9 per hour with the crappy 1% pay increase I am expected to get over the next 4 years.

So someone who has left school never got far in life and can walk into a job any job and be on £9 per hour.

While we all have our places I consider my job to be worth more than say someone serving me coffee in a cafe or stacking shelves in the local Asda which is a kick in the teeth that they will be pretty much on the same wage as me and I have to take into account my job role and what I have to do in it to earn that £9 per hour

The living wage of nine pounds is for over 25's not school leavers

---------- Post added at 04:16 ---------- Previous post was at 04:15 ----------

Originally Posted by techguyone

Would the current Minimum Wage have been likely to have risen to this 'Living Wage' value anyway in the time scale that is being talked about?

No it would have been about 7 pound fifty odd at the end of this parliament if the rises had been in line with other recent ones

Originally Posted by Kursk

When the young aren't griping about the money the old people get, they're griping about the money that young people are to get .

I think there is an obvious inequality to the benefits and cuts experienced by the under 25s compared to the over 65s.

[Kursk]

Originally Posted by Damien

I think there is an obvious inequality to the benefits and cuts experienced by the under 25s compared to the over 65s.

It is true that younger people will need to adjust; that's because tomorrow is their future and that needs to be planned for now.

The future of the elderly is considerably shorter so a shorter term plan is possible.

[ianch99]

Came across this a few days ago: http://www.theguardian.com/commentis...ment-inflation

The story begins with a single paragraph in the emergency budget a few weeks after the 2010 general election. Buried in its 100 pages was a small section stating that future benefits, tax credits and public sector pensions for retired emergency workers, civil servants, council employees and NHS staff would rise in line with a different measure of inflation: the consumer price index (CPI). Previously, the default increase was the retail price index, RPI – which has historically averaged about 1% higher.

The government has also created purely political exceptions for the elderly and businesses – overtly acknowledging it wants to ensure they “do not lose out”.

Perhaps the best proof of the severe impact of this policy is the OBR’s own warning that unless the policy is reversed after 2020 “the value of the benefits would fall dramatically, relative to the living standards of the rest of the population”. And let’s not forget, this is before the upcoming £12bn cuts.

If this article's claims are true then this dwarfs the benefit cuts in this Emergency Budget? Strange no one made as big a fuss over this if this is correct .. or did they?

[Kursk]

The RPI change to CPI took place very soon after the crash. An already pummelled public sector accepted it as an inevitability although even Dick Turpin had the decency to wear a mask.

[heero_yuy]

Originally Posted by Kursk

The RPI change to CPI took place very soon after the crash. An already pummelled public sector accepted it as an inevitability although even Dick Turpin had the decency to wear a mask.

Strange this concept that somehow public sector bares the brunt in recent years:



When the data clearly shows public sector pay outstripping the private sector during the recession and has stayed ahead.

IFS report

pay_gap.JPG

[Kursk]

As far as I know, public sector pay has been frozen for several years and will be limited to 1% increase for the next four; that seems like a pummelling to me. If the private sector can't do better than that, maybe they need to up their game. It's a bit oranges and lemons anyway since ianch99's post refers specifically to the way public sector pensions etc are calculated, not pay performance.

[joglynne]

Originally Posted by Kursk

The RPI change to CPI took place very soon after the crash. An already pummelled public sector accepted it as an inevitability although even Dick Turpin had the decency to wear a mask.

Following an emergency Budget on 22 June 2010 the Government switched the basis for uprating of Public Sector Pensions uprating to the Consumer Price Index (CPI) instead of being based on the RPI – the CPI was expected to be around 0.8-1.5% lower in each of the following five years than that predicted for the RPI.

This change was implemented from 4th April 2011 and effected the civil service and police, also the armed forces, the NHS and local government, as well as a number of state benefits that were also previously adjusted in line with RPI. It is also had an impact on the basic state pension from April 2012.

[Hom3r]

£9 per hour for the living wage is a joke.

I worked my nuts off to get a skill and get paid £11.50ph, and some unskilled talentless waste of air whose is only working because he has to, will be better of than me after benefits which they will no doubt be able to claim.

I cannot afford any rent in my town let along think a mortgage.

So I have to live at home, and as such my parents who are both retired can't claim anything as I live at home.

[Ignitionnet]

Harsh, bitter and pretty cynical post that one.

You should be aware that the median hourly income for men was £12.50 per hour in 2008. It sounds like you should be feeling more aggrieved that you are underpaid for your skill than that other people may be overpaid.

Would you rather we as taxpayers subsidise inadequate wages through tax credits?

Sorry about your situation but poverty wages and a race to the bottom benefit no-one.

[peanut]

Originally Posted by Hom3r

£9 per hour for the living wage is a joke.

I worked my nuts off to get a skill and get paid £11.50ph, and some unskilled talentless waste of air whose is only working because he has to, will be better of than me after benefits which they will no doubt be able to claim.

I cannot afford any rent in my town let along think a mortgage.

So I have to live at home, and as such my parents who are both retired can't claim anything as I live at home.

I reckon if you leave they'd have to up the wage to offset the new minimum wage but I doubt they'll pay up it you stay. That goes for most jobs.

So probably there might be a lot of people moving jobs for a better rate of pay for the same job they are doing now.

Also when inflation changes and interests rates go up because of this budget your £11.50 will look even worse. (Probable).

[Bulky]

Originally Posted by Hom3r

£9 per hour for the living wage is a joke.

I worked my nuts off to get a skill and get paid £11.50ph, and some unskilled talentless waste of air whose is only working because he has to, will be better of than me after benefits which they will no doubt be able to claim.

I cannot afford any rent in my town let along think a mortgage.

So I have to live at home, and as such my parents who are both retired can't claim anything as I live at home.

You earn £11.50 per hour and live at home, I have a member of staff who earns £6.77 per hour and rents his own flat !!!!! Where about are you!!!

[TheDaddy]

Originally Posted by Bulky

You earn £11.50 per hour and live at home, I have a member of staff who earns £6.77 per hour and rents his own flat !!!!! Where about are you!!!

Moonbase Harlow