Where's the ST...
 

[Closed] Where's the STW summer budget thread?

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 Solo
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And where's the thread/ranting about the bank's maximum protection threshold being lowered from 85k to 70k, thread?


 
Posted : 08/07/2015 10:07 am
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All summed up nicely [url= http://www.theguardian.com/commentisfree/2015/jul/07/humanity-chancellor-emergency-budget-george-osborne-austerity ]here[/url]

We all know what we're getting. Shafted! Unless you're rich. In which case... happy *ing days!!!!

Disabled people can go and * themselves. The bloody parasites! My mates get to pass on their million pound + homes on to their braying offspring tax free. BOOM! prioriies well and truly sorted.

Cheers!

[img] [/img]


 
Posted : 08/07/2015 10:10 am
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TL;DR - the lefties aren't going to like people having to pay for their own lifestyles.


 
Posted : 08/07/2015 10:11 am
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Thanks, Binners, you realise I'm going to have to get my phone decontaminated now it's been directed to the guardian website.
😡
Does anyone know if theres any Gov support for replacing my phone?


 
Posted : 08/07/2015 10:17 am
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Excellent piece by Frankie 😀 Where'd you hear about that then binbins? 😛

In short folks, they hate you. Even you right wingers (who have been shown to be on average a bit thicker than lefties) who aspirationally vote for them - here's a thing...they hate you too.


 
Posted : 08/07/2015 10:21 am
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the [s]lefties[/s] poor aren't going to like people having to pay for [s]their own [/s] the rich's lifestyles.

FIFY

In short folks, they hate you. Even you right wingers (who have been shown to be on average a bit thicker than lefties) who aspirationally vote for them - here's a thing...they hate you too.

Unless you're a millionaire in which case you'll have already received your invite for the hookers and coke after budget party. Apparently they've hired some disabled people for paint ball target practice as part of the after party entertainment.


 
Posted : 08/07/2015 10:24 am
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I've heard in-work tax credits may be up for revision.

That's only ok with me if the gov twists both arms up the back of business to get wages elevated to fill the shortfall.


 
Posted : 08/07/2015 10:30 am
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trying to follow binnies link from work and I get

The website you have tried to access has been blacklisted by the UK security authorities and/or xxxxxx Security. Access to this site is not permitted


 
Posted : 08/07/2015 10:33 am
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yay! - tax cuts for millionaires!

thank Christ for that, i was beginning to worry about the poor lambs. Because, y'know, the problem with this country is that there just aren't enough ways for rich people to avoid paying tax.


 
Posted : 08/07/2015 10:35 am
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I've heard in-work tax credits may be up for revision.

Fine if they upped the minimum wage, but if they don't it's just shafting the poor whilst letting the rich off the hook for paying peanuts.


 
Posted : 08/07/2015 10:35 am
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trying to follow binnies link from work and I get

It's a guardian link, who do you work for? GCHQ?


 
Posted : 08/07/2015 10:36 am
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tax cuts for millionaires!

We need to keep wealth creators in the country don't you know! 🙂

Don't want them all going to live wherever they keep their bank accounts. 😐


 
Posted : 08/07/2015 10:37 am
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We do know that pic is old don't we? I believe it is Champagne delivered for Gordon Brown if memory serves.


 
Posted : 08/07/2015 10:39 am
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About the champagne photograph, it's from 2004, when a certain Mr Brown worked inside, but the champers is thought to be headed upstairs to Mr Blair's residence above.

[url= http://www.gettyimages.co.uk/detail/news-photo/delivery-of-champagne-waits-for-admittance-outside-no-11-news-photo/51276786 ]http://www.gettyimages.co.uk/detail/news-photo/delivery-of-champagne-waits-for-admittance-outside-no-11-news-photo/51276786[/url]


 
Posted : 08/07/2015 10:40 am
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Footflaps. I thought that was my point, wages need to rise.
essentially, replacing gov subsidies to shareholders, with higher wages paid by the employer.


 
Posted : 08/07/2015 10:41 am
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I've heard in-work tax credits may be up for revision.

Fine if they upped the minimum wage, but if they don't it's just shafting the poor whilst letting the rich off the hook for paying peanuts.

You're familiar with the Tories raison d'etre, right?

At the risk of sending the security forces round for midnight door knocking

[url= http://www.theguardian.com/politics/2015/jul/07/corporate-welfare-a-93bn-handshake ]the benefits scroungers George won't be addressing today[/url]


 
Posted : 08/07/2015 10:45 am
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How do we ALL finance this demand in wage rises? I run a small business and pay my shop staff above minumum wage, which she is happy about. If I had to pay her £9 odd p/h, my business would fold. I can't increase my retail prices, or reduce any other overheads.


 
Posted : 08/07/2015 10:52 am
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You're familiar with the Tories raison d'etre, right?

Sadly yes.

The five tenants of conservatism.

1. Poverty is a moral failing
2. Disability is a moral failing
3. Moral failings must be punished to instil character
4. Money is a virtue
5. There's no point being rich if you can't lord it over the poor, so the government's duty to the rich is to ensure there is an underclass to mock


 
Posted : 08/07/2015 10:55 am
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Posted : 08/07/2015 10:57 am
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And where's the thread/ranting about the bank's maximum protection threshold being lowered from 85k to 70k, thread?

does that only count for a single bank - ie can you spread it out between different banks and be protected?


 
Posted : 08/07/2015 11:01 am
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How do we ALL finance this demand in wage rises? I run a small business and pay my shop staff above minumum wage, which she is happy about. If I had to pay her £9 odd p/h, my business would fold. I can't increase my retail prices, or reduce any other overheads.

Do your staff top up their wages with tax credits? It sounds like it. What happens when they can't do that any more (tomorrow)? Then they no longer earn a wage they can live on. What happens then?

Do you think the Tories have thought that one through?

Actually, they probably have, and decided they couldn't care less. Somebody has to pay for their rich frends tax cuts, after all. The poor and the disabled are the usual scapegoats, but it seems like like the working poor are really for it this time! Again.


 
Posted : 08/07/2015 11:04 am
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Hate! So, um, those who voted Conservative, kinda like the conservatives, but they're fools because the conservative party hates them back.

Hhmmm, so it wasn't anything to do with what was on offer, with regard to whom to vote for....
A somewhat narrow perspective.

TAFKAS.
Profits are lower or if they're already zero, then..... 😉


 
Posted : 08/07/2015 11:04 am
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How do we ALL finance this demand in wage rises? I run a small business and pay my shop staff above minumum wage, which she is happy about. If I had to pay her £9 odd p/h, my business would fold. I can't increase my retail prices, or reduce any other overheads.

Oh well - it looks like your business, as with a hell of a lot of other businesses, isn't financially viable without government support.


 
Posted : 08/07/2015 11:22 am
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If we raised more money from large corporations we could reduce taxation on small companies eg reduce rates etc...


 
Posted : 08/07/2015 11:27 am
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A somewhat narrow perspective.

Voting Tory certainly is. 🙂 It's as narrow as it gets. Only allows one person through. Me me me me me me.


 
Posted : 08/07/2015 11:31 am
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That's only ok with me if the gov twists both arms up the back of business to get wages elevated to fill the shortfall.

If you think that's going to happen, you are smoking crack


 
Posted : 08/07/2015 11:32 am
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Err. If minimum wage is, £7 ph and "she" works 45 hours a week. Then if it goes up to £9 ph, a weekly difference of £90.
Then that £90 pw is going to sink the business? Or the business makes less than 5k profit a year??

Edit: Numbers above were simplistic, for illustrative purposes.


 
Posted : 08/07/2015 11:35 am
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And where's the thread/ranting about the bank's maximum protection threshold being lowered from 85k to 70k, thread?

does that only count for a single bank - ie can you spread it out between different banks and be protected?

£70k per financial institution. If you've got £210k in cash, place it with at least 3 banks. Be aware that cash balances with other firms (investment brokers for instance) are likely to be placed with similar firms & you may, in aggregate, have more than the threshold as a result.

The reason for the reduction has nothing to do with our government, its an EU directive. €100,000 is the maximum protected, Sterling equivalent is reviewed every 5 years. The strength of sterling means the GBP protected amount has fallen.


 
Posted : 08/07/2015 11:37 am
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DD.

With respect, I believe you're very much smarter than that.
😉


 
Posted : 08/07/2015 11:47 am
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"with respect" = "I'm about to floor you with a mild insult"

Typical tory.


 
Posted : 08/07/2015 11:50 am
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Voting Tory certainly is. It's as narrow as it gets. Only allows one person through. Me me me me me me.

People think they're voting for 'me', but really they're voting for 'them' (as in the rich, which they'll never be).

It's a great scam which seems to work really well.


 
Posted : 08/07/2015 11:52 am
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Ending permanent non-dom status and not allowing it to be inherited = terrible tories being terribly tory again.


 
Posted : 08/07/2015 11:53 am
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[i] Typical tory [/i]

I meant it, also, I didn't vote, if that helps.


 
Posted : 08/07/2015 11:53 am
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It's a guardian link, who do you work for? GCHQ?

No, but close 😉


 
Posted : 08/07/2015 11:55 am
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So, 'road tax' returns!


 
Posted : 08/07/2015 12:03 pm
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guardian links dont work here since the recent format change.


 
Posted : 08/07/2015 12:04 pm
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Is that since they relocated their servers to North Korea?


 
Posted : 08/07/2015 12:19 pm
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Pay rise capped at 1% for public sector workers for another 4yrs.

<doffs cap>

W@nker


 
Posted : 08/07/2015 12:22 pm
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You do know that GCHQ run the Guardian, it's a honey pot for 5th columnists.


 
Posted : 08/07/2015 12:22 pm
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Pay rise capped at 1% for public sector workers for another 4yrs.

That much! He must be feeling generous. Probably matched with a tax credit cut of 50%, just to balance the books!


 
Posted : 08/07/2015 12:24 pm
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Err. If minimum wage is, £7 ph and "she" works 45 hours a week. Then if it goes up to £9 ph, a weekly difference of £90.
Then that £90 pw is going to sink the business? Or the business makes less than 5k profit a year??

Edit: Numbers above were [s]simplistic[/s]wrong, for illustrative purposes.

FTFY.

Increasing an employee's hourly rate by £2 costs the business much, much more than that due to employers NI, pension, etc. contributions. Can be as much as double.


 
Posted : 08/07/2015 12:26 pm
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Looks like they are going to stop paying people to breed.

/likes


 
Posted : 08/07/2015 12:29 pm
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Looks like you cannot get free money if you cannot feed them after having 2 children. No more free breeding. 😛


 
Posted : 08/07/2015 12:30 pm
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Yeah brilliant, just what you need when you've got a ageing population: a disincentive to rejuvenate. Oh hang on it's OK we can ship in some fully grown drones from the former colonies AND they'll be cheaper.


 
Posted : 08/07/2015 12:33 pm
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buy to let reforms are long overdue and also a poke in the eye to the "tories are the party of the rich" camp... can think of a lot of people I know who have massively over extended themselves on buy to lets without ever really thinking about the affordability / returns if interest rates and tax allowances change.

The change should see a cooling off on prices for smaller properties with more coming back on to the market for sale as the returns from buy to let diminish.


 
Posted : 08/07/2015 12:34 pm
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I love a bit of spin - one of the first measures out of the blocks - £10k a year reward for VC and GC Medal winners, paid for by fines levied on Banks.

Was there a ever a more right of centre vote winner - it's "flags for Orphans" only in real life!

Yes, VC and GC medal holders are very worthy of their allowance, but there are currently 10 living VC holders and 20 living GC holders, with no Wars we're currently involved in, it's not likely we'll see anymore soon - they currently get about £2500 a year so it represents a £7500 a year increase for them - collectively it's a little over £200k a year.

A £200k a year increase in spending it's worthy of a memo, let alone a budget and certainly not an 'Emergency Budget'. It's pure spin.


 
Posted : 08/07/2015 12:35 pm
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thestabiliser - Member
Yeah brilliant, just what you need when you've got a ageing population: a disincentive to rejuvenate. Oh hang on it's OK we can ship in some fully grown drones from the former colonies AND they'll be cheaper.

Or work harder and longer. 🙄


 
Posted : 08/07/2015 12:36 pm
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buy to let reforms are long overdue and also a poke in the eye to the "tories are the party of the rich" camp.

They still get basic tax relief and 2 years notice of losing higher rate, so not much of poke, more a gentle nudge....


 
Posted : 08/07/2015 12:37 pm
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thestabiliser - Member
Yeah brilliant, just what you need when you've got a ageing population: a disincentive to rejuvenate. Oh hang on it's OK we can ship in some fully grown drones from the former colonies AND they'll be cheaper.

As @cassetteboy said, they have the bravery to bring back slavery. Will solve all our servant needs and very cheaply too!


 
Posted : 08/07/2015 12:38 pm
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Or work harder and longer.

Oooh, yes please!


 
Posted : 08/07/2015 12:39 pm
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thestabiliser - Member
Or work harder and longer.

Oooh, yes please!

And get the children to look after their elders.

edit: I need to kick someone's head in if I hear the term "Northern power house" again. Which ZM(s) started calling the North ... Northern power house shite?


 
Posted : 08/07/2015 12:45 pm
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Pay rise capped at 1% for public sector workers for another 4yrs.

Meanwhile... the Guardian reprted yesterday that boardroom pay, as submitted to their Renumeration Comittee's* is set to rise by yet another 20 - 30% this year. We're all in this together, right?

* otherwise known as their mates


 
Posted : 08/07/2015 1:00 pm
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mrchrispy - Member
Looks like they are going to stop paying people to breed.

/likes

better get more immigrants then or how will our old age costs be paid for?


 
Posted : 08/07/2015 1:05 pm
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Loving the bitterness on this thread! 🙂


 
Posted : 08/07/2015 1:06 pm
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Northern power house shite?

The numbers say it all really:

[url= https://farm1.staticflickr.com/478/19335098198_20b6a20b4d_z.jp g" target="_blank">https://farm1.staticflickr.com/478/19335098198_20b6a20b4d_z.jp g"/> [/img][/url][url= https://flic.kr/p/vszr53 ]Northern power house my arse[/url] by [url= https://www.flickr.com/photos/brf/ ]Ben Freeman[/url], on Flickr

http://www.theguardian.com/uk-news/2015/jul/08/uk-economy-six-summer-budget-graphs-you-need-to-see


 
Posted : 08/07/2015 1:07 pm
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The resurrection of the road fund and a hypothecated "road tax" is worthy of a thread all by itself!

http://singletrackworld.com/forum/topic/you-dont-pay-road-tax-1

or two

http://singletrackworld.com/forum/topic/osborne-brings-back-road-tax


 
Posted : 08/07/2015 1:08 pm
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9 pound an hour living wage by 2020, it was due to rise to 8 by then anway. Yay, they gave the oiks an extra pound an hour!

[img] [/img]

Who wants to bet that the real living wage will be 11 pounds an hour in London by 2020?


 
Posted : 08/07/2015 1:08 pm
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edit: I need to kick someone's head in if I hear the term "Northern power house" again. Which ZM(s) started calling the North ... Northern power house shite?

Indeed.... [url= http://www.theguardian.com/commentisfree/2015/jun/25/the-guardian-view-on-network-rail-the-great-northern-power-cut ]Georges real commitment to the 'Northern Powerhouse'[/url]

He must think we've all just fallen out of a *ing tree, oop here in't north, the patronising *!!!!! 😈


 
Posted : 08/07/2015 1:09 pm
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Wow, that's an interesting graph....we need those Norverners to pull their fingers out! 😮


 
Posted : 08/07/2015 1:10 pm
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Over 10% increase in minimum wage, plus national living wage 😯


 
Posted : 08/07/2015 1:10 pm
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N E Fink on Fagz n Beer ?

*sniff


 
Posted : 08/07/2015 1:12 pm
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I'm so very skeptical of all this, I don't think we will ever see American levels of pay or a "high pay low welfare society" - we're just going to get British pay with American welfare.


 
Posted : 08/07/2015 1:12 pm
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I do love all this left wing grumpiness.

"Yeah, we wanted a rise in the minimum wage, but we didn't want it from you, you bastards!"

"We demand a living wage!".
"OK, here's a living wage".
"We demand a HIGHER living wage!!!".


 
Posted : 08/07/2015 1:14 pm
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I don't think we will ever see American levels of pay

You do know only the rich are paid well in the US?

The (Tory) plan is to have US level of low pay and US levels of benefits.


 
Posted : 08/07/2015 1:15 pm
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footflaps - Member
Northern power house shite?

The numbers say it all really:

Not much power there ... 😯

binners - Member
Indeed.... Georges real commitment to the 'Northern Powerhouse'

He must think we've all just fallen out of a *ing tree, oop here in't north, the patronising *!!!!!

😆 True. True.


 
Posted : 08/07/2015 1:16 pm
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"Yeah, we wanted a rise in the minimum wage, but we didn't want it from you, you bastards!"

I think the plan is to have killed off most of poor by 2020 so they can't actually claim it.


 
Posted : 08/07/2015 1:19 pm
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Is £7.20 a living wage? Is it ****.


 
Posted : 08/07/2015 1:48 pm
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Quickly eyeballing the numbers Stoner, the living wage goes up on average 25p per annum in London I reckon. So in 5 years time the living wage will have gone from 9.15 to 10.40.

So how exactly is George Osbornes proposed wage increase a "living wage"? It's anything but, it's a token PR gesture to the plebs to derail labour.


 
Posted : 08/07/2015 1:49 pm
 Drac
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Pay rise capped at 1% for public sector workers for another 4yrs.

Except for MPs of course.


 
Posted : 08/07/2015 1:52 pm
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Obviously


 
Posted : 08/07/2015 1:53 pm
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Pay rise capped at 1% for public sector workers for another 4yrs.

Oh. Goody.
Glad we are all in it together.
[img] [/img]


 
Posted : 08/07/2015 1:58 pm
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Loving the youth obligation.

There was a story on R4 this morning about kids leaving care without a scooby and not being able to support themselves/get orgainsed. This'll help them a lot to quickly prioritise their move into prostitution/petty crime/drug dealing. Which is good, cos it's included in GDP now too. Win!


 
Posted : 08/07/2015 1:59 pm
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Is £7.20 a living wage? Is it *.

That was calculated as a living wage, assuming Tax Credits and Housing Benefit remaining unchanged at their present level.

Obviously thats no longer the case, so as you correctly asserted...

Is it *


 
Posted : 08/07/2015 1:59 pm
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<froths>


 
Posted : 08/07/2015 2:00 pm
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It's anything but, it's a token PR gesture to the plebs to derail labour.

They needn't have bothered, Labour has derailed itself and is going to spend the next 5-10 years staring at it's own navel wondering what to do.


 
Posted : 08/07/2015 2:02 pm
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Tom_W1987 - Member

So how exactly is George Osbornes proposed wage increase a "living wage"? It's anything but, it's a token PR gesture to the plebs to derail labour.

It's particularily brazen, isn't it. The living wage is £7.85. Announcing something less and calling it the living wage is just a barefaced lie. It's just an increase in the minimum wage.

More debt for the poorest students, hurrah. Justified with the same false numbers used to justify all student loan decisions- the actual cost of lending is almost certain to be higher, it always is.

Tax credits, tax credits... It's a completely unsound concept of course and fundamentally a subsidy for businesses. Moving to better pay and less subsidy is of course desirable. But they've only bothered to do half of that, there's nothing in this budget to actually drive the compensating pay rises that are required (no, the not-living wage doesn't achieve this)

mrchrispy - Member

Looks like they are going to stop paying people to breed.

Or, that they're going to start punishing children for wantonly being born.

The thing is... The actual budget isn't what they promised, 2 months ago. 12 bn of cuts in 2 years, that's the [i]long term economic plan[/i]. 2 months later, already backing out. Was it always a lie? Or are they just incompetent? We will never know, seems reasonable to assume the former. But that's the headline- Government Breaks Election Promises Even Faster Than Usual.

The odd thing is that as with much of their other policies we have to be relieved that they break their promises, because if they'd followed through, it'd be worse. But what does that tell you, that we have to hope our government is lying to us?

Still, we have to cut this spending, and cut these taxes, because otherwise we'll be Greece.


 
Posted : 08/07/2015 2:09 pm
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No Binners, the living wage was 7.20 in [b]2011[/b] it is now 7.85 outside of London.

They needn't have bothered, Labour has derailed itself and is going to spend the next 5-10 years staring at it's own navel wondering what to do.

There is that, but this is effectively the Tories kicking them repeatedly whilst they lay unconscious on the floor.

At least the Tories bothered though, I guess. If it weren't for the opposition they'd probably just be doing away with the minimum wage entirely.


 
Posted : 08/07/2015 2:10 pm
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An interesting stat for you:

If the minimum wage had kept pace with average boardroom pay rises since it was introduced, it would now stand at £21 an hour.


 
Posted : 08/07/2015 2:14 pm
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Hang on, how many of you self title middle class whiney c*ockbags are actually on minimum wage?

I'm not trying to argue the rights or wrongs of it I just wonder why you're getting so het up about something that's going to have minimal impact in your lives (yes I'm aware that it might impact on some of you due to being an employer/being on min. wage, I'm talking about the other middle class whiney ones)


 
Posted : 08/07/2015 2:18 pm
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Hang on, how many of you self title middle class whiney c*ockbags are actually on minimum wage?

I'm not trying to argue the rights or wrongs of it I just wonder why you're getting so het up about something that's going to have minimal impact in your lives

Yeah... why would we give a flying **** about anyone else other than ourselves?

There's no such thing as society, after all eh?

I wonder who you voted for?


 
Posted : 08/07/2015 2:21 pm
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