All trade-unionism that improves the lot of the more-poorly-paid half of the population ***reduces inequality***.
The UK has become a vastly unequal society in our lifetimes. Fixing the Tory's economic disaster takes time - fixing, or at least reducing, inequality can be done now.
I suspect that he’s simply too rich to care about the little people, and just wants to protect the way that he got rich, so that he can go back to it after he’s “done his service” by spending time in politics. He and his party are utterly clueless about how people have to live in the real world, and especially about how we’re affected by their policies!
Even though a rise is better than nothing, believe me I know what that feels like, it is still behind inflation and prices are still rising, just not as much and are not dropping. So any increase is swallowed by the already inflated prices and the government will be getting some back in extra tax and NI too. Inflation will obviously come down, as compared to last year.
The worst, is that these rises will be funded by cuts, cuts to services that are already decimated.
Western inflation is being caused by monopoly price control, financialization, western sanctions and the hollowing out of it’s industrial and productive economic base starting with Reagan and Thatcher back in the 80s.
Even if we had competent and practical leadership in the west, which we’re far from, it will take decades to fix the destruction of the past 40 years.
I will be VERY interested to read what the wage rise of the politicians would be - if they took some of their huge wealth, then there wouldn't be a crisis!! But, of course, they're only in politics for the money, aren't they...?
It is reasonable to assume the majority of those receiving the increase will have 20% tax deducted, an 12% National Insurance deducted. In addition the employer will pay 13.8% National Insurance. All this goes back to the Government so the net cost to the Government is much less than the headline awards. In addition the net benefit to the recipients is less than the headline award as the deduction rate on the increase is greater than the average rate on their salary before the increase as the first tranches of salary are tax and NI free.
Pretty sure that the anti-Russian sanctions that saw fuel and food prices rocket was also a big inflationary factor. All these factors were political decisions taken by the Tory Government
All trade-unionism that improves the lot of the more-poorly-paid half of the population ***reduces inequality***.
The UK has become a vastly unequal society in our lifetimes. Fixing the Tory's economic disaster takes time - fixing, or at least reducing, inequality can be done now.
by who? Labour?
Likely not, but they still can’t do a worse job!
Sure they can. :|
I suspect that he’s simply too rich to care about the little people, and just wants to protect the way that he got rich, so that he can go back to it after he’s “done his service” by spending time in politics. He and his party are utterly clueless about how people have to live in the real world, and especially about how we’re affected by their policies!
"WE" did not "impose the Brexit economic sanctions on ourselves", that fukking mop-head then in Downing Street did !!!
Even though a rise is better than nothing, believe me I know what that feels like, it is still behind inflation and prices are still rising, just not as much and are not dropping. So any increase is swallowed by the already inflated prices and the government will be getting some back in extra tax and NI too. Inflation will obviously come down, as compared to last year.
The worst, is that these rises will be funded by cuts, cuts to services that are already decimated.
Western inflation is being caused by monopoly price control, financialization, western sanctions and the hollowing out of it’s industrial and productive economic base starting with Reagan and Thatcher back in the 80s.
Even if we had competent and practical leadership in the west, which we’re far from, it will take decades to fix the destruction of the past 40 years.
I will be VERY interested to read what the wage rise of the politicians would be - if they took some of their huge wealth, then there wouldn't be a crisis!! But, of course, they're only in politics for the money, aren't they...?
Oh, they got *their* pay rise, about 10% iirc, as recommended by their independent advisory committee. It’s everyone else who has to do without!
I missed that, but yeah, that sounds about right! But no one can accuse *them* of being hypocrites, can they?
It is reasonable to assume the majority of those receiving the increase will have 20% tax deducted, an 12% National Insurance deducted. In addition the employer will pay 13.8% National Insurance. All this goes back to the Government so the net cost to the Government is much less than the headline awards. In addition the net benefit to the recipients is less than the headline award as the deduction rate on the increase is greater than the average rate on their salary before the increase as the first tranches of salary are tax and NI free.
Pretty sure that the anti-Russian sanctions that saw fuel and food prices rocket was also a big inflationary factor. All these factors were political decisions taken by the Tory Government