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martingale

5% Salary Increases All Round Then

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The MPC only seem to care about wage increases and since RPI is traditionally used for wage negotiations lets have a look at the 2010 figures from the office of national statistics:

RPI all items (source)

2010 01 217.9

2010 02 219.2

2010 03 220.7

2010 04 222.8

2010 05 223.6

2010 06 224.1

2010 07 223.6

2010 08 224.5

2010 09 225.3

2010 10 225.8

2010 11 226.8

2010 12 228.4

percentage change over time period = [(Later date RPI - Earlier date RPI)/ Earlier date RPI]x100

percentage change over time period = [(228.4 - 217.9)/ 217.9]x100

percentage change over time period = 0.048187242 x 100

percentage change over time period = 4.8%

Something to send to your union to see if Merv starts to care about inflation then.... :P

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It`s only a matter of time,also talking to a few mates who run small business mainly in the construction game ,the feeling is they can no longer absorb the rising cost of materials and are going to have to raise rates ,and they have said competitors have discussed it with them so the rise is coordinated

Edited by long time lurking

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6% all round like the good old days the unions always went for inflation + 0.75% - 1% above the inflation figure and got close to it . That was how the standard of living rose for the average jo.

The companies affored it and the people spent it creating the economy . Low wages have pushed more and more onto benefits or both adults in a household haveing to work creating others not working .

Wage rises bring them on !!! Problem is we have no chance this time around and they wonder why the whole economy is going south .

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6% all round like the good old days the unions always went for inflation + 0.75% - 1% above the inflation figure and got close to it . That was how the standard of living rose for the average jo.

The companies affored it and the people spent it creating the economy . Low wages have pushed more and more onto benefits or both adults in a household haveing to work creating others not working .

Wage rises bring them on !!! Problem is we have no chance this time around and they wonder why the whole economy is going south .

Ahh the good old days.

Before people were brainwashed into thinking that standing up for their rights is bad for business and hence (by some weird Orwellian anti-logic) bad for their job security - whilst their jobs are being offshored apace by the 'wealth creators' in front of their very eyes.

Strange, isn't it, that the economies of high taxes and unionised labour seem to be doing so much better than the economies of the UK and the USA whose workers are - shall we say - flexible (no let's call it what it is - spineless).

Bed - make - lie, folks!

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The MPC only seem to care about wage increases and since RPI is traditionally used for wage negotiations lets have a look at the 2010 figures from the office of national statistics:

From what I heard this morning on R4, the idea seems to be a dose of inflation combined with a wage freeze creating wealth and income destruction for the masses which will never be regained. Ie a permanently lower average standard of living.

The majority are being put in our place by the elite folks.

Only a few of us will have the means and nouse to sidestep this. Most will fall into line.

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RMT have rejected a 5.2% (Nov RPI +0.5) for 10,000 Network Rail staff as one of the conditions is they promise no disruption to services around the Olympics.

Pays to be in a Union in times like these.mad.gif

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Ahh the good old days.

Before people were brainwashed into thinking that standing up for their rights is bad for business and hence (by some weird Orwellian anti-logic) bad for their job security - whilst their jobs are being offshored apace by the 'wealth creators' in front of their very eyes.

Strange, isn't it, that the economies of high taxes and unionised labour seem to be doing so much better than the economies of the UK and the USA whose workers are - shall we say - flexible (no let's call it what it is - spineless).

Bed - make - lie, folks!

Too true, sadly. Meanwhile France and Germany are both growing strongly (guess snow missed the Continent no?) because they actually make high end goods that other nations like China and India want. Renault, Siemens', BMW. What does the UK have? 'Financial services' and talent shows. Margaret Thatcher has to take a lot of blame for turning Britain into a nation of money-shufflers.

Chickens - home - roost :angry:

Edited by shermanator

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Like the shop workers at Tesco et al who are happy just to have a job. These are the people the Unions should be backing and fighting for wage rises. Give them wage rises and the money flows straight back into the economy. These jobs can't be off-shored easily.

The labour force has been divided and conquered since the early 80s. By all political powers.

I wonder what will be the tipping point for revolt in the UK? Maybe it is still years away?

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Too true, sadly. Meanwhile France and Germany are both growing strongly (guess snow missed the Continent no?) because they actually make high end goods that other nations like China and India want. Renault, Siemens', BMW. What does the UK have? 'Financial services' and talent shows. Margaret Thatcher has to take a lot of blame for turning Britain into a nation of money-shufflers.

Chickens - home - roost :angry:

Add in Areva and EDF with their nuclear power plants. Big earners that are technologically advanced. Engineers in France and Germany are still coveted. They produce so many that some even scoot off to the UK looking for work......... B)

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It`s only a matter of time,also talking to a few mates who run small business mainly in the construction game ,the feeling is they can no longer absorb the rising cost of materials and are going to have to raise rates ,and they have said competitors have discussed it with them so the rise is coordinated

Wouldn't that be viewed as illegal?

On the subject of salary increases as inflation is getting out of control we should be asking for 15% to 20% increases. Clearly prices are only going up so we need wages to match. If we are going to let this get out of control we might as well do it properly.

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On the subject of salary increases as inflation is getting out of control we should be asking for 15% to 20% increases. Clearly prices are only going up so we need wages to match. If we are going to let this get out of control we might as well do it properly.

Agreed. I was in Morrisons earlier and a tin of tomatoes was 98p. Admittedly it did have a nice sophisticated label on it but I'm pretty sure they did not have flecks of pure gold marbling their red flesh.

I can remember tins of tomatoes being no more than 20p a can (less than 4 years ago too).

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I'm going for 35%. Everything I quote now is going to have this lump added on. Luckily (for the moment at least) I seem to be in the situation where I can pick and choose on a like it or lump it basis.

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  • 284 Brexit, House prices and Summer 2020

    1. 1. Including the effects Brexit, where do you think average UK house prices will be relative to now in June 2020?


      • down 5% +
      • down 2.5%
      • Even
      • up 2.5%
      • up 5%



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