I think the reality is that the large businesses wont absorb it in their margin as the shareholders won't allow it. If they cut their dividend, the shareholders will place their money elsewhere. If the share price starts to take a dive, one of the first things they will do is shed staff from the areas which are not making decent profits and not seen as core business.So the poor old massive companies with massive profit will pass the rise onto their staff and not take a dent in their profits?
And the poor pensioners £480pa rise is shit now is it?
No, and i never said they did.
£4000 better offSky have done an analysis of the rises in the cost of living with the rises in income in the last 12 months. The conclusion was that a single person would be approximately £1300 better off and a middle income couple would be over £4000 better off.
As for laying people off, we’ll see, as there’s also a shortfall in the workforce so other opportunities available.
Not my conclusion, speak to Sky.£4000 better off
Pmsl.
Suburban purples telling folk how much better off they are, quality U turn in their moral outlook.Remember to use that next time you’re knocking on doors.
It’s a nailed on vote winner for sure.
Who are these ‘purples’ you talk about? Seems that you don’t like to discuss stuff, just try to jump in two-footed.Suburban purples telling folk how much better off they are, quality U turn in their moral outlook.
They've gone from Rick 'tte peoples poet' to Alan B'stard in months.
Few things to discuss here.
First, as you stated, I didn’t use the word guarantee because I think it’s a bit of a meaningless phrase, but I still think it’s very, very likely that the NI hike does push up on inflation over the next few months. The inability to guarantee that something occurs doesn’t reduce the prospect of it happening or make its impact any less severe.
The more substantive issue relates to the proportion of businesses planning a price rise in relation to the NI hike and how this is likely to lift inflation.
The fact that only just over half of the businesses sampled are planning to raise prices, and not 80 or 90%, doesn’t really reduce the risk of a spike in inflation.
If you look at the underlying price data sampled for the CPI by the ONS each month, it really isn’t uncommon to find that half or even a majority of prices remain unchanged over the month. The key issue is obviously how the price change observed over the month relates to the price change in the corresponding month of the previous year. Given that the NI hike is a new factor and not related to the normal seasonal pattern of price change, I would think it very likely that monthly price change will be unusually strong for a period and therefore boost inflation. Even if the NI hike only causes businesses to bring forward planned price increases, I would still expect price growth to remain stronger than it otherwise would be on a year to date basis, and therefore boost inflation.
Also, describing the DMP survey as a crowdsourced guess is a bit OTT. It does provide good information and its message in relation to the NI hike has been backed up by other surveys.
Not my conclusion, speak to Sky.
People who WERE below this ie those who were below the new minimum wage prior to increase.Who earns below minimum wage?
£72k joint income.... not your average working people then.... and pensioners and those on minimum wage, did this report focus on these cohorts? Taking everything into account how much better off will the be?Who are these ‘purples’ you talk about? Seems that you don’t like to discuss stuff, just try to jump in two-footed.
The detail written was from Sky News analysis, saying that a middle earning couple (approx £36,000 each) would be over 4 grand better off with the average pay rises.
As for the rest of your attacking the poster, not the post, get fucked.
Yes mate I know that.I think the reality is that the large businesses wont absorb it in their margin as the shareholders won't allow it. If they cut their dividend, the shareholders will place their money elsewhere. If the share price starts to take a dive, one of the first things they will do is shed staff from the areas which are not making decent profits and not seen as core business.
Sadly thats how large private businesses wor..k.
I did, but I didn't say everyone.You literally mentioned massive companies with massive profits.
What about the vast majority not working for those companies?
Take a quick google and it’s literally just shy of £900 a year extra to employ someone on £30k which isn’t even the average wage in the UK.
If you think this policy is right and won’t affect jobs and people’s lives then I’m sorry, I think you’re very wrong in
What??People who WERE below this ie those who were below the new minimum wage prior to increase.
Quite simple in response to bluehammer85 not all full time workers benefit from the rise only those who were between the old rate and new will benefit anyone above the new NMW will not see any benefit.What??
Full-time working adults are between £1,400 and £2,500 a year better off from today, thanks to a rise in the minimum wage.
Employees aged 21 and over are entitled to £12.21 an hour, 77p more, representing a 6.7% increase.
Staff aged 18 to 20 will see their wages increase from £8.60 to £10 an hour, or 16.3%.
It did. I think it said that pensioners would be approx £400 better off and single minimum wage approx £1300.£72k joint income.... not your average working people then.... and pensioners and those on minimum wage, did this report focus on these cohorts? Taking everything into account how much better off will the be?
Trouble is the tax system is loaded and we’ve got an aversion to taxing wealth. We tax workers because it’s easy and we’ve no choice but to pay.£72k joint income.... not your average working people then.... and pensioners and those on minimum wage, did this report focus on these cohorts? Taking everything into account how much better off will the be?
Quoting average middle income for a couple is pointless. Wonder why a couple? I wonder how many couples are on this magical figure which means all is good? Could it be just because it looks twice as good? I'm not sure couple's on that amount of money( I'm in that area) really are the concern.£72k joint income.... not your average working people then.... and pensioners and those on minimum wage, did this report focus on these cohorts? Taking everything into account how much better off will the be?
Quoting average middle income for a couple is pointless. Wonder why a couple? I wonder how many couples are on this magical figure which means all is good? Could it be just because it looks twice as good? I'm not sure couple's on that amount of money( I'm in that area) really are the concern.
No such thing as a typical average wage family in reality, state pension and min wage are pretty much set. Its a non figure.It’ll be just to show your typical average family household. It shows pensioners and minimum wage earners too.