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Most peoples take home pay has increased
Profile | Posted by | Options | Post Date |
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Jonesey | Report | 25 Jan 2014 10:26 |
Which comes first, is it a price increase or a wage increase? They are inextricably interlinked. If the worker paid to produce an item gets a pay rise then inevitably the price of the item has to be increased otherwise the manufacturer's wages (Their profit) will be reduced. So the item now costs more to buy so the worker asks for another wage increase. It is a never ending spiral that does nobody any good but harms those most who are on fixed incomes such as pensions. |
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+++DetEcTive+++ | Report | 25 Jan 2014 09:48 |
Those who are earning low wages don’t necessarily recognise that they have more personal allowance than in previous years. They only see the percentage rise as advised by their employer. |
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OneFootInTheGrave | Report | 25 Jan 2014 09:29 |
Purple **^*Sparkly*^** Diamond - I presume the new tax level you mention refer to the amount you can earn before you start paying income tax, if so these are the allowances, if I have got these wrong someone will correct me. |
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JustJohn | Report | 25 Jan 2014 09:03 |
I have just retired and largely dependent now on OAP and some small private income. In last 5 years we had a 1% to 3% increase in my job, averaging out about one and a half percent per year. Better than local government increases, but was still earming far less than a dustman or pen pusher behind a council "help desk" when I retired last October. |
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Purple **^*Sparkly*^** Diamond | Report | 25 Jan 2014 06:57 |
When does the new tax level start? I thought I read that the amount earned would be higher before being taxed but can't remember when it comes into play. I have a book somewhere where I wrote down my income and expenditure when I rented a house in the early 1970's, wish I could find it to see what the figures were. I always had enough to manage on then and didn't get into debt. Wouldn't be that way now I don't suppose, glad I am not having to start out again. |
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maggiewinchester | Report | 25 Jan 2014 00:44 |
When I first moved away from home, 40 years ago, my 4 roomed privately rented flat cost £8 a week, my pay (as a clerical assistant in the MOD) was £40. Then, a 'fair' rent was put on it - up to £10 a week (this included rates) - a quarter of my wages. |
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Florence61 | Report | 24 Jan 2014 22:01 |
Well being a special needs aux in a local school, i can tell you since i started in 2006 i am still on the same hourly rate and have had no pay increase whatsoever. Before I took the job, I cleaned 2 days a week for an elderly gentleman. He paid me £10 per hour. It was only 4 hours a week but it helped pay the bills. I get less than that for being a proffessional and for graduating from UNI last year. |
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maggiewinchester | Report | 24 Jan 2014 20:17 |
I work for local government, and thanks to re-grading - you've got it, managers went up a grade, those they rely on went down and lost pay - and the 5 year pay freeze we've been on, my take-home pay is the same as it was 11 years ago :-| |
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Newby | Report | 24 Jan 2014 19:59 |
Invest £2.00 with interest of 1.5% and after one year the RPI is 2.5% .. you loose.. |
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Elizabethofseasons | Report | 24 Jan 2014 19:51 |
Dear One Foot |
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OneFootInTheGrave | Report | 24 Jan 2014 09:32 |
This week the government is saying most people in the UK have seen their take-home pay rise in real terms in the past year. Ministers say new figures show everyone except the richest 10% saw their take-home wages rise by at least 2.5% once tax cuts were taken into account. They also say that consumer goods inflation is rising at a slower rate than wages. |
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