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Minimum Wage To Increase To £6.31

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http://www.bbc.co.uk/news/business-22153007

The national minimum wage is to rise by 12p an hour to £6.31 for adults and by 5p to £5.03 for 18-to-20-year-olds from October, the government has announced.

Business secretary Vince Cable said the government accepted the recommendation of the Low Pay Commission.

However, although the Commission said rate for apprentices should be frozen, Mr Cable said it would rise by 3p to £2.68 an hour.

The increases are below current inflation levels.

Excellent news increasing costs further, sure to help in the middle of a depression. Although still not high enough to get you on the housing ladder as a FTB.

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Utterly pointless as anyone on these wage levels will be so heavily subsidised by the taxpayer that such a rise makes so little difference to the top up benefits bill.

It's interesting how the Tories are perpetuating the socialist principle of most people receiving the same level of income regardless of what they earn.

I would have thought a true Tory would have scrapped the top up benefit system and forced employers to pay proper wages instead. There must be an earner in there somewhere for the mates of Dave and Nick.

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Utterly pointless as anyone on these wage levels will be so heavily subsidised by the taxpayer that such a rise makes so little difference to the top up benefits bill.

It's interesting how the Tories are perpetuating the socialist principle of most people receiving the same level of income regardless of what they earn.

I would have thought a true Tory would have scrapped the top up benefit system and forced employers to pay proper wages instead. There must be an earner in there somewhere for the mates of Dave and Nick.

Not everyone surely? Only those who have children they can't afford, or are "disabled", or something?

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Utterly pointless as anyone on these wage levels will be so heavily subsidised by the taxpayer that such a rise makes so little difference to the top up benefits bill.

snip

sweeping statement nonesense alert.

Mrs Loo hasnt had a rise in pay for several years....we take no taxpayer support.

We have lots of friends in her organisation who ARE on NMW, and they recieve no taxpayer support either.

having kids is the gateway to taxpayer riches....but not for White middle Englanders in general.

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http://www.bbc.co.uk...siness-22153007

Excellent news increasing costs further, sure to help in the middle of a depression. Although still not high enough to get you on the housing ladder as a FTB.

Salford Council pay their employees £7.50 minimum 'living wage'

Its a good idea (cos it circulates more money in local economy) but it is completely useless with Big Business chains (Supermarkets, Mall companies etc) sucking all the local profits back to head office > invested in The City

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Utterly pointless as anyone on these wage levels will be so heavily subsidised by the taxpayer that such a rise makes so little difference to the top up benefits bill.

It's interesting how the Tories are perpetuating the socialist principle of most people receiving the same level of income regardless of what they earn.

I would have thought a true Tory would have scrapped the top up benefit system and forced employers to pay proper wages instead. There must be an earner in there somewhere for the mates of Dave and Nick.

Scrap top ups, child tax credits etc, set minimum wage at £9.67ph, tax allowance at £20k, scrap NI and corp tax.

Half the population comes out of Tax completely. Businesses no worse off.

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sweeping statement nonesense alert.

Mrs Loo hasnt had a rise in pay for several years....we take no taxpayer support.

We have lots of friends in her organisation who ARE on NMW, and they recieve no taxpayer support either.

having kids is the gateway to taxpayer riches....but not for White middle Englanders in general.

My apologies. How you can pay rent/mortgage and all of life's expenses on NMW? I'm not being an **** I really thought everyone on NMW got topped up one way or another.

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My apologies. How you can pay rent/mortgage and all of life's expenses on NMW? I'm not being an **** I really thought everyone on NMW got topped up one way or another.

I can understand the sentiment....mate of mine and his wife are on little above NMW....they get no benefits now the "boys" have grown up...but, they have repaid their mortgage...

Lucky for them, he is soon to retire on his NHS pension.

about £100 per week.

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Apprentices still only qualify for £2 something? Utterly disgusting. Stick to making cafe lattes lads. Who needs a trade anyway?

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Apprentices still only qualify for £2 something? Utterly disgusting. Stick to making cafe lattes lads. Who needs a trade anyway?

Making or selling those lattes is what passes for a trade these days. £2.65 an hour to 'train' as an apprentice.

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http://www.bbc.co.uk/news/business-22153007

Excellent news increasing costs further, sure to help in the middle of a depression. Although still not high enough to get you on the housing ladder as a FTB.

That should say minimum wage rises by 4.5p an hour because under UC 60% of that is taken back from the means tested benefits.Wage levels make no difference to most low paid.Its the benefit increase that matters.So this year 1%.

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http://www.bbc.co.uk/news/business-22153007

Excellent news increasing costs further, sure to help in the middle of a depression. Although still not high enough to get you on the housing ladder as a FTB.

12p an hour increase, i can see why house prices and rents are static and falling in many places, rises in income like these are not going to generate house price inflation or increased rents.Incomes in general are static, one survey put them at 2003 rates cannot see much movement i house prices or rents for a while.

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Wages slashed in real terms for the lowest paid.

Doesn't sound so good does it.

#bullingdonclub

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  • 244 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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