gruffydd Posted June 7, 2007 Report Share Posted June 7, 2007 (edited) http://www.bloomberg.com/apps/news?pid=206...mp;refer=europe http://www.forbes.com/markets/feeds/afx/20...afx3792839.html About the Voca take home pay index The Voca take home pay index tracks monthly take-home pay levels in the UK. It is compiled from the salary payments of a sample of FTSE 350 companies, using data captured by Voca which process all automated payments in the UK including BACS Direct Credits and Direct Debits. Voca works with the centre for economics and business research (cebr) to deliver economists, analysts and the media with a powerful and timely indicator of pay inflation, which is an important aspect of the UK’s economic performance and one of the components that drives the Monetary Policy Committee’s interest rate policy. Methodological Notes The average payment per employee is estimated from the total value of payments and the number of transactions and then expressed as an index for each month. The data uses a 3-month moving average to mitigate seasonal variations and looks at the year on year increase to provide a fair economic indicator that is also comparable with other data. While the FTSE 350 sample is largely representative of the corporate economy in the UK, when comparing the Voca index data with, for example, government statistics, it is important to take into account the fact that some trends, which affect relatively larger firms differently, may have a disproportionate impact on the Voca take home pay index compared with the government’s official Average Earnings Index (AEI). For example, the Voca index does not include the public sector so when pay trends in the public sector are different from those in the private sector, this will affect the Voca index differently from the AEI. The Voca take home pay index is based on take home pay data. It is therefore affected by changes in tax rates, changes in national insurance contribution rates and changes in other employer payments or deductions. The index data series began in September 2004. Edited June 7, 2007 by gruffydd Quote Link to post Share on other sites
Jimmy2Times Posted June 7, 2007 Report Share Posted June 7, 2007 The findings from Voca show the growth in take home pay fell further to an annual 3.0 pct in May from 3.6 pct in April. This is the lowest rate of growth since December 2006 and indicates that wage inflation remains subdued With houses prices now rising at 0.3% a month thats works out quite well provided long as IR don't rise, whoooops, there goes there neighbourhood. Quote Link to post Share on other sites
dubsie Posted June 7, 2007 Report Share Posted June 7, 2007 Lets face it high wage inflation only happens for those on huge pay packets and has no reflection on working peoples incomes. You talk to anyone who has to work for a living and they all say that there pay packets are falling in relation to house hold expenses. We're basically nearly all broke by the time we've paid the bills Quote Link to post Share on other sites
kenclarkesshoes Posted June 7, 2007 Report Share Posted June 7, 2007 With houses prices now rising at 0.3% a month thats works out quite well provided long as IR don't rise, whoooops, there goes there neighbourhood. jeez. is english your second language ? it is their not there. they teach you that at kindergarten. Quote Link to post Share on other sites
Jimmy2Times Posted June 7, 2007 Report Share Posted June 7, 2007 jeez. is english your second language ? it is their not there.they teach you that at kindergarten. No its not ***kwit Quote Link to post Share on other sites
kenclarkesshoes Posted June 7, 2007 Report Share Posted June 7, 2007 No its not ***kwit so why are you so ill adept at using it ? never received a proper education ? Quote Link to post Share on other sites
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