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Realistbear

Uk Pay Inflation Picks Up To 3.6 Pct In July

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http://investing.reuters.co.uk/news/articl...BRITAIN-PAY.XML

UK pay inflation picks up to 3.6 pct in July -Voca
Wed Aug 1, 2007 3:07 PM BST
LONDON, Aug 1 (Reuters) - British take home pay rose an annual 3.6 percent in July, a survey showed on Wednesday, accelerating from 3.3 percent in June.
Pay processors Voca said it was the second monthly rise in a row. Services pay inflation picked up to 2.9 percent last month from 2.1 percent in June but manufacturing pay growth eased to 4.5 percent from 4.8 percent.

You can just picture the muppets as this news hit. Charging around the room in all directions with some bouncing up and down as Danny Blanchflower does a gonzo accorss the front of the room. What are they going to do now?

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Pay processors Voca said it was the second monthly rise in a row. Services pay inflation picked up to 2.9 percent last month from 2.1 percent in June but manufacturing pay growth eased to 4.5 percent from 4.8 percent.

And reading this site, you would think that NO ONE gets pay rises ;)

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http://investing.reuters.co.uk/news/articl...BRITAIN-PAY.XML
UK pay inflation picks up to 3.6 pct in July -Voca
Wed Aug 1, 2007 3:07 PM BST
LONDON, Aug 1 (Reuters) - British take home pay rose an annual 3.6 percent in July, a survey showed on Wednesday, accelerating from 3.3 percent in June.
Pay processors Voca said it was the second monthly rise in a row. Services pay inflation picked up to 2.9 percent last month from 2.1 percent in June but manufacturing pay growth eased to 4.5 percent from 4.8 percent.

You can just picture the muppets as this news hit. Charging around the room in all directions with some bouncing up and down as Danny Blanchflower does a gonzo accorss the front of the room. What are they going to do now?

Well we know what the ought to do.

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Well we know what the ought to do.

And so the inflation begins in earnest, Gordon cleverly dodges the "bust" punch being thrown with a little burst of inflation. Clever guy, can't see him getting kicked out anytime soon.

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http://investing.reuters.co.uk/news/articl...BRITAIN-PAY.XML
UK pay inflation picks up to 3.6 pct in July -Voca
Wed Aug 1, 2007 3:07 PM BST
LONDON, Aug 1 (Reuters) - British take home pay rose an annual 3.6 percent in July, a survey showed on Wednesday, accelerating from 3.3 percent in June.
Pay processors Voca said it was the second monthly rise in a row. Services pay inflation picked up to 2.9 percent last month from 2.1 percent in June but manufacturing pay growth eased to 4.5 percent from 4.8 percent.

You can just picture the muppets as this news hit. Charging around the room in all directions with some bouncing up and down as Danny Blanchflower does a gonzo accorss the front of the room. What are they going to do now?

:lol: "a gonzo" :lol::lol:

Merv must stamp his authority on them like a proper Miss Piggy should. A 1% IR increase will give him (her) back his (her) self respect.

Merv must know he's dropped the Inflation ball - his ball(s) have not dropped however.

High Noon tomorrow will sort the men from the boys (or girls). :lol:

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http://investing.reuters.co.uk/news/articl...S-INFLATION.xml

Food bills set to soar
Wed Aug 1, 2007 12:53 PM BST
Email This Article | Print This Article | RSS [-] Text [+] By Sumeet Desai
LONDON (Reuters) - Food bills look set to rocket in the next few months just when gas and electricity bills are finally coming down, keeping up pressure on inflation and a squeeze on consumer spending power.

Inflation, inflation, inflation. We see it here, we see it there, we now see it everywhere!*

Will the muppets keep to their remit or will they go vigilant until Gordon is elected? IMO, they will go vigilant.

_______________________

*

http://edinburghnews.scotsman.com/business.cfm?id=1199992007

Sector adds to inflation fears
MANUFACTURERS added to inflationary fears today after a survey found activity in the sector reached a three-year high in July.
Edited by Realistbear

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You can just picture the muppets as this news hit. Charging around the room in all directions with some bouncing up and down as Danny Blanchflower does a gonzo accorss the front of the room. What are they going to do now?

:lol: "It's time to play the music..."

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Guest d23
And reading this site, you would think that NO ONE gets pay rises ;)

the rules:

when discussing affordability payrises in the UK are non existent and wages have been static for the past 10 years.

when discussing IR's and inflation wage increases are running at an alarming rate.

just so we're clear.

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the rules:

when discussing affordability payrises in the UK are non existent and wages have been static for the past 10 years.

when discussing IR's and inflation wage increases are running at an alarming rate.

just so we're clear.

I would laugh d23, but with wage inflation still significantly below price inflation affordability is still very low. Some people on IR Only mortgages have seen their payments jump 27% this year. I think we need a good dose of wage inflation. I don't think this is enough, but even this modest increase will worry the MPC.

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the rules:

when discussing affordability payrises in the UK are non existent and wages have been static for the past 10 years.

when discussing IR's and inflation wage increases are running at an alarming rate.

just so we're clear.

Reading RB's second post, looks like you could also apply similar rules to manufacturing. :)

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You can just picture the muppets as this news hit. Charging around the room in all directions with some bouncing up and down as Danny Blanchflower does a gonzo accorss the front of the room. What are they going to do now?

You're sounding increasingly desperate, RB. Like you know that a crash is off the cards, the MPC will not hike sufficiently and debt will be eroded. Several million people are being given free houses effectively, and we aren't amongst them.

Owning your own home is the new council home: provided almost free of charge by the state (in the long run) and then you can sell it and move to spain. Gordon has created a socialist housing utopia, but only for those willing to embrace the dream.

Anyone still hankering after the old ways of the world will be the new poor. If you're not in, you can't win!

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You're sounding increasingly desperate, RB. Like you know that a crash is off the cards, the MPC will not hike sufficiently and debt will be eroded. Several million people are being given free houses effectively, and we aren't amongst them.

Owning your own home is the new council home: provided almost free of charge by the state (in the long run) and then you can sell it and move to spain. Gordon has created a socialist housing utopia, but only for those willing to embrace the dream.

Anyone still hankering after the old ways of the world will be the new poor. If you're not in, you can't win!

TBH I don't think the muppets are relevant anymore. IR hikes alone have never been effective at reigning in irrational exuberance.* Its all up to the credit markets now. The key is and always has been the bond market. When "the money" sees too much risk they will squeeze the sheeple, let the chips fall where they may and make a shedload of money in the process.

______

* As Alan "Big Al" Greesnpan discovered when he applied the word "conundrum" to the situation in the US just before Great Crash II began. Given the loose credit situation in the US, IR did not matter as sheeple could simply borrow into the inflating market. UP another $100k? No problemo, just borrow another $100k. Don't earn enough? No problem, your signature is just fine. The loans salesman made fat commissions, the EAs were happpy and the economy hummed along as sheeple MEWed and kept the bandwagon rolling.

Edited by Realistbear

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* As Alan "Big Al" Greesnpan discovered when he applied the word "conundrum" to the situation in the US just before Great Crash II began. Given the loose credit situation in the US, IR did not matter as sheeple could simply borrow into the inflating market. UP another $100k? No problemo, just borrow another $100k. Don't earn enough? No problem, your signature is just fine. The loans salesman made fat commissions, the EAs were happpy and the economy hummed along as sheeple MEWed and kept the bandwagon rolling.

As Alan "Big Al" Greenspan's grandaughter Melissa Greenspan was heard to say: "This house price crash thing is like, SO over."

Edited by Smell the Fear

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Two of my contractors are asking for more money. One has essentially asked for a 25% pay rise because his hourly rate is below the £45 an hour we currently pay other people.

The other contractor is unaware of his "pay increase", as it's his agency that's putting up their prices and NOT passing anything on. Nice. Why have the agency's costs increased? They haven't. But I suspect the mortage payments for the big cheese that runs it have reset to SVR and he's feeling the pinch...

Edited by AvidFan

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As Alan "Big Al" Greenspan's grandaughter Melissa Greenspan was heard to say: "This house price crash thing is like, SO over."

:lol: She then went on to say............. " These god dam poisons are now begining to hatch out of the mud "

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the rules:

when discussing affordability payrises in the UK are non existent and wages have been static for the past 10 years.

when discussing IR's and inflation wage increases are running at an alarming rate.

just so we're clear.

That is not what most say on here. Only that pay rises are are below the real rate of inflation for most people - that is as good as a pay cut and will do little or nothig to help the affrodability of long term debt. Moreover the widening wage differentials mean that more people are getting lesss thatn the headline rates of pay increase.

On the IR front well the inflation target is supposedly 2%!

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Meh, it's not the official figure, so they won't take much account of it. Hopefully it's a pointer to the way the official figure is going. I don't know how the official figure takes account of this of course, but half the public sector hasn't had a pay rise this year and isn't likely to any time soon, with the government offering 2% and the unions' negotiating position being for just over RPI inflation at 4.8%.

How do they account for this? Is it a 0 until the rise? Is it then in the figures twice if we get the pay rise on time next April?

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You can just picture the muppets as this news hit. Charging around the room in all directions with some bouncing up and down as Danny Blanchflower does a gonzo accorss the front of the room. What are they going to do now?

:lol::lol::lol::lol:

That is funny. I have a clear vision in my head of this scene. LOL.

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