How do we fix our Economy and the country?

abu13 said:
Putting to one side party politics for the moment, what needs to happen to put an end to this mess?

We cant continue down this road we are on.

We need to find a way to pay down the national debt for starters.
How can we get people back into work and contributing to society.
How can we become more productive as a nation.
Can we improve our infrastructure?
How can we overhaul the entire welfare system.
How do we become more self sufficient?

I have never understood this career politician lark, why do we not try having the countries top economical minds in charge of the economy?
Click to expand...
Democracy demands that the elected members have the final say. The cabinet gets plenty of good advice from professionals but ignore it half the time.
A key need is to move decisions to where they have effect I.e.devolution. Manchester’s special arrangements have worked wonders. All the big cities need more self governing powers.
Our late honorary President Bernstein worked wonders. He was not, I think, an economist but was a great leader of men. PS Edit. And a true blue!
 
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We need to start by completely updating the political system, starting with PR voting and the elimination of that chamber of cronies, the Lords.

Stop pretending we are a Great Power and admit we are a regional one. We still have bases around the world that could be shut down. East of Suez, in particular, is none of our concern. We should focus on defending the UK and Western Europe.

Work towards rejoining the EU. Europe is our future and it's far better than being a lackey state of the USA, China or Russia. The world is divided into power blocs. Deal with it.

Simplify the tax system and make tax dodging socially unacceptable, like drunk driving. Require all MPs to be domiciled in the UK for tax purposes and make it illegal for them to have any investments in tax havens.

Regulate political donations much more severely. Not a penny from foreign individuals or companies allowed.

Invest heavily in education, BUT make it education fit for a 21st-century European state, not a weak attempt to imitate Eton in 1911. This would include much more emphasis on practical skills, not least work skills. But also an emphasis on broadening minds and teaching critical thinking.
 
Benign dictatorship.

Everyone is given a home who contributes to society.

Education and health priortised with health being a prevention more than cure based system. Mandatory GP visits every 12 months. Clinics for injuries. Hospitals very last resort in life threatening circumstances.

Kids will be tested at 12 and their education will either be academic or technology trade based thereafter to build up the skills we need in the future. This will make kids feel pride in offering a service they are good at.

Defence would be exactly what it means. Defending our nation on its own land. Not using our forces for imperialist gain of other nations.

Regional assemblies to ensure the strengths of each region are utilised be it economical or industrial.

Probably a few more ideas when I stop smoking the bong later...
 
abu13 said:
Putting to one side party politics for the moment, what needs to happen to put an end to this mess?

We cant continue down this road we are on.

We need to find a way to pay down the national debt for starters.
How can we get people back into work and contributing to society.
How can we become more productive as a nation.
Can we improve our infrastructure?
How can we overhaul the entire welfare system.
How do we become more self sufficient?

I have never understood this career politician lark, why do we not try having the countries top economical minds in charge of the economy?
Click to expand...

This one we 1st need to identify why people are out of work. there's no surprise that long term sick is far higher now that it was pre pandemic due to long covid which is causing people to be out of work. getting some investment into Long covid and its causes and ultimately a fix would help address that one.

If there is also a lack of jobs so people cant find work then thats a whole other set of issues that need fixing but I think with AI and businesses rushing to cut staff thats going to be a harder one to fix.
 
Here we go - my manifesto to put things right !

Public Sector Pensions - arguably the elephant in the room - salary related public pensions cost approximately £60 bn a year with £30 bn coming from current workers with the government / us making up the other £30bn . There is no underlying fund. It is estimated that the overall future liability / "promised payments" is in the order of £1400 billion in today's value!

Solution : These need to be abolished and be based on actual pension contributions and the performance of an underlying fund and not be salary related / index linked. Companies did this years ago to manage their liabilities and costs - but MP's love their pensions, so they are not going to vote to get rid of them, therefore the rest of the public sector is probably safe. However, given the economics it can't really be allowed to continue. Perhaps introduce to new members only - that way MPs and existing beneficiaries should be happy !

Immigration - Foreign Students - approximately 750,000 per year (nearly 400k from non EU countries). Of the 2021 arrival cohort, 59% continued to hold valid or indefinite leave to remain three years later, compared with 39% for the 2019 cohort. I can't think of a good reason for any of these to remain.

Solution: Enforce study periods and hold bonds for foreign students (offered by private companies and mandatory for all students or those coming from problem areas (those least likely to return to their country of origin). Bond forfeited by private company if student doesn't return. The private company has the right to apprehend and return students to immigration officials if they breach their study period. Bit like the USA, for criminal offenders out on bail, who breach their bail conditions.

No extensions to the initial study periods to be granted, without going through the complete process again and a strict limit of x years put on study terms with enforcement from immigration officials . Foreign Student non attendance to be notified immediately to immigration officials and offenders removed / have their visas cancelled. Absenteeism rates, of say 20%, should result in the immediate cancellation of study visas.

Fines and closure for universities and schools that have a high percentage of non returning foreign students (some of these schools are a complete scam - just a means for people to enter the country). To ensure proper credentials of universities and schools, foreign students should be limited to a fixed percentage of UK students (e.g. maximum of 20%). No family members should be permitted. If the child is a minor they should not be here or they should be in a paid for full-boarding facility.


Economic migrants / small boats - Solution no payment of benefits until citizenship (think this has been proposed but see potential problem below) and no more rights than an individual in the UK.

No language support/ non english documents - except when removing / challenging their right to stay .

Any employer or anyone employing an illegal immigrant fined £100,000 or 5% of their turnover whichever is greater (consistent offenders to face forfeiture of business/ assets and the same applies to any business / person leasing premises to consistent offenders). These rules would apply to the main and sub contractors - i.e to capture any business ultimately benefiting from the employment of illegal immigrants. Rewards of £10,000 for every illegal immigrant worker who is reported and subsequently deported.

This would choke off the reason for immigrants coming here and avoiding immediate safe havens. If we remove the right to benefits before citizenship, we will see an explosion in illegal working, so this has to be controlled and policed to a far greater extent than it has in the past.

Reform of the welfare state - needs to be based on contribution and helping temporarily, not permanently (a way of life), plus stimulating economic activity not discouraging it e.g rent being paid for you if you only work a maximum of 16 hours or per week . When this point is reached there simply is no incentive to work - hence businesses can't find anyone to employ or have 3 part time "workers" where they used to have one. Solution: Remove free rent after a period of time or put it on a sliding scale (lose 20%- 33% per year after year one) and combine it with a condition to work more hours. Perhaps only make rent payments available to new people, who have at least completed a certain minimum period of full time hours, in the first place.

Uk mobility scheme - limit it to one car manufacturer and base models or cancel all together.

Skilled workers and immigrant labour Solution - Establish a technical college in each major town so we have the plumbers, builders, and crafts people to both maintain and build the infrastructure and housing we require today and in the future.
At the moment, we can't even maintain what we have, never mind building 1.5 million new homes. Courses should also include the hospitality, care and every other sector of the economy (priority should be given to creating places where we have the greatest needs and import the most workers). Every school leaver should have a skill and hence no excuse not to work. With AI a lot of more intellectual /student type jobs will be lost . Technical colleges offering skills can fill the hole and make sure the economy benefits not suffers as a result.

Long term unemployed should be encouraged to attend, take courses, or lose their right to benefits ... There should be creches on site,with priority given to single mums, or people/families coming from the long-term unemployed. The most recent youth labour‑market bulletins show around 2.86 million 16–24‑year‑olds were economically inactive (inactivity rate ~38.4%) in the latest quarter, and youth unemployment and employment figures are published in the same releases.

According to the OBD an average low‑paid worker who arrives in Britain at age 25 can cost the public purse roughly £150,000 over their working lifetime (measured to state pension age). If a newly retired person receives £12,800 per year in public spending and lives 15 years after pension age, nominal public spending ≈ £192,000; for 20 years it’s ≈ £256,000. These are straightforward multiplications and do not discount future spending to present value or include all NHS/social‑care costs, which would increase totals. So with healthcare and pensions and other benefits many of these low paid immigrant workers could cost us £500,000 over a lifetime. Many of these work in the health service etc, because we do not have the people with the necessary skills/willing. The above needs to and should address this !

Dynamic assessment / Active management - we need to constantly assess where rises in unemployment / immigration are coming from and take action immediately - provision of courses and skills, removal of benefits , stricter assessments and look at the corresponding potential long term damage/benefits and prioritize on that basis. This should be hardwired into Government reporting and management.

MP's pay and experience - Quadruple MP's pay or have salary alignment if they have relevant sector experience to encourage people that have actually done the job to go into politics and discourage career politicians. For example , an ex general/high ranking successful officer to be responsible for the military, the head of the most successful National Health Service Trust to run the NHS, etc...

It's incredible to think that today we probably have someone in charge of the armed forces or national health that has no military or health service experience and has never managed a huge budget or corporation / organization. This would never happen in industry. Basically, as in most things in life, you get what you pay for and there is no substitute for real job experience. At the moment hardly any of our MPS have any private sector job experience never mind relevant directly related job experience.

The Governement has the biggest jobs and budgets with the biggest implications - we need and deserve the best people to manage them !
 
Scoobz3 said:
Here we go - my manifesto to put things right !

Public Sector Pensions - arguably the elephant in the room - salary related public pensions cost approximately £60 bn a year with £30 bn coming from current workers with the government / us making up the other £30bn . There is no underlying fund. It is estimated that the overall future liability / "promised payments" is in the order of £1400 billion in today's value!

Solution : These need to be abolished and be based on actual pension contributions and the performance of an underlying fund and not be salary related / index linked. Companies did this years ago to manage their liabilities and costs - but MP's love their pensions, so they are not going to vote to get rid of them, therefore the rest of the public sector is probably safe. However, given the economics it can't really be allowed to continue. Perhaps introduce to new members only - that way MPs and existing beneficiaries should be happy !

Immigration - Foreign Students - approximately 750,000 per year (nearly 400k from non EU countries). Of the 2021 arrival cohort, 59% continued to hold valid or indefinite leave to remain three years later, compared with 39% for the 2019 cohort. I can't think of a good reason for any of these to remain.

Solution: Enforce study periods and hold bonds for foreign students (offered by private companies and mandatory for all students or those coming from problem areas (those least likely to return to their country of origin). Bond forfeited by private company if student doesn't return. The private company has the right to apprehend and return students to immigration officials if they breach their study period. Bit like the USA, for criminal offenders out on bail, who breach their bail conditions.

No extensions to the initial study periods to be granted, without going through the complete process again and a strict limit of x years put on study terms with enforcement from immigration officials . Foreign Student non attendance to be notified immediately to immigration officials and offenders removed / have their visas cancelled. Absenteeism rates, of say 20%, should result in the immediate cancellation of study visas.

Fines and closure for universities and schools that have a high percentage of non returning foreign students (some of these schools are a complete scam - just a means for people to enter the country). To ensure proper credentials of universities and schools, foreign students should be limited to a fixed percentage of UK students (e.g. maximum of 20%). No family members should be permitted. If the child is a minor they should not be here or they should be in a paid for full-boarding facility.


Economic migrants / small boats - Solution no payment of benefits until citizenship (think this has been proposed but see potential problem below) and no more rights than an individual in the UK.

No language support/ non english documents - except when removing / challenging their right to stay .

Any employer or anyone employing an illegal immigrant fined £100,000 or 5% of their turnover whichever is greater (consistent offenders to face forfeiture of business/ assets and the same applies to any business / person leasing premises to consistent offenders). These rules would apply to the main and sub contractors - i.e to capture any business ultimately benefiting from the employment of illegal immigrants. Rewards of £10,000 for every illegal immigrant worker who is reported and subsequently deported.

This would choke off the reason for immigrants coming here and avoiding immediate safe havens. If we remove the right to benefits before citizenship, we will see an explosion in illegal working, so this has to be controlled and policed to a far greater extent than it has in the past.

Reform of the welfare state - needs to be based on contribution and helping temporarily, not permanently (a way of life), plus stimulating economic activity not discouraging it e.g rent being paid for you if you only work a maximum of 16 hours or per week . When this point is reached there simply is no incentive to work - hence businesses can't find anyone to employ or have 3 part time "workers" where they used to have one. Solution: Remove free rent after a period of time or put it on a sliding scale (lose 20%- 33% per year after year one) and combine it with a condition to work more hours. Perhaps only make rent payments available to new people, who have at least completed a certain minimum period of full time hours, in the first place.

Uk mobility scheme - limit it to one car manufacturer and base models or cancel all together.

Skilled workers and immigrant labour Solution - Establish a technical college in each major town so we have the plumbers, builders, and crafts people to both maintain and build the infrastructure and housing we require today and in the future.
At the moment, we can't even maintain what we have, never mind building 1.5 million new homes. Courses should also include the hospitality, care and every other sector of the economy (priority should be given to creating places where we have the greatest needs and import the most workers). Every school leaver should have a skill and hence no excuse not to work. With AI a lot of more intellectual /student type jobs will be lost . Technical colleges offering skills can fill the hole and make sure the economy benefits not suffers as a result.

Long term unemployed should be encouraged to attend, take courses, or lose their right to benefits ... There should be creches on site,with priority given to single mums, or people/families coming from the long-term unemployed. The most recent youth labour‑market bulletins show around 2.86 million 16–24‑year‑olds were economically inactive (inactivity rate ~38.4%) in the latest quarter, and youth unemployment and employment figures are published in the same releases.

According to the OBD an average low‑paid worker who arrives in Britain at age 25 can cost the public purse roughly £150,000 over their working lifetime (measured to state pension age). If a newly retired person receives £12,800 per year in public spending and lives 15 years after pension age, nominal public spending ≈ £192,000; for 20 years it’s ≈ £256,000. These are straightforward multiplications and do not discount future spending to present value or include all NHS/social‑care costs, which would increase totals. So with healthcare and pensions and other benefits many of these low paid immigrant workers could cost us £500,000 over a lifetime. Many of these work in the health service etc, because we do not have the people with the necessary skills/willing. The above needs to and should address this !

Dynamic assessment / Active management - we need to constantly assess where rises in unemployment / immigration are coming from and take action immediately - provision of courses and skills, removal of benefits , stricter assessments and look at the corresponding potential long term damage/benefits and prioritize on that basis. This should be hardwired into Government reporting and management.

MP's pay and experience - Quadruple MP's pay or have salary alignment if they have relevant sector experience to encourage people that have actually done the job to go into politics and discourage career politicians. For example , an ex general/high ranking successful officer to be responsible for the military, the head of the most successful National Health Service Trust to run the NHS, etc...

It's incredible to think that today we probably have someone in charge of the armed forces or national health that has no military or health service experience and has never managed a huge budget or corporation / organization. This would never happen in industry. Basically, as in most things in life, you get what you pay for and there is no substitute for real job experience. At the moment hardly any of our MPS have any private sector job experience never mind relevant directly related job experience.

The Governement has the biggest jobs and budgets with the biggest implications - we need and deserve the best people to manage them !
Click to expand...
You are right about the lack of experience but the greatest need in that regard is reform of the civil service rather than the HoC. No need to pay oodles more to MPs! MPs are there to provide democratic approval, permanent secretaries actually run things. They are normally very smart people but lack practical experience of Healthcare, Military matters etc.
Some long standing beliefs in the civil service have led to disastrous decisions such as the appallingly wasteful Treasury Model which treated UK as a business rather than a society.
 
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Scoobz3 said:
Here we go - my manifesto to put things right !

Public Sector Pensions - arguably the elephant in the room - salary related public pensions cost approximately £60 bn a year with £30 bn coming from current workers with the government / us making up the other £30bn . There is no underlying fund. It is estimated that the overall future liability / "promised payments" is in the order of £1400 billion in today's value!

Solution : These need to be abolished and be based on actual pension contributions and the performance of an underlying fund and not be salary related / index linked. Companies did this years ago to manage their liabilities and costs - but MP's love their pensions, so they are not going to vote to get rid of them, therefore the rest of the public sector is probably safe. However, given the economics it can't really be allowed to continue. Perhaps introduce to new members only - that way MPs and existing beneficiaries should be happy !
Click to expand...
There are underlying funds which are invested. The GMPF has hundreds of different investments and is worth about £30b.

It is fully funded by employee and employer contributions.

They are obviously salary related, but final salary only went to March 2024 for most, and it was 1/80th (meant you would need to work 80 years to get your final salary to be the same as your pension) up to 2008, and 1/60th them to 2014, but 1/49th now so rises tend to increase the post 2014 bit more than the final salary bit. Early retirement goes up to 57 soon, but retire then you lose 42% of what you would have got it if you deferred it to 67, and you lose the 10 years in contributions, so a £50k pension predicted could end up about £19K.

That is why a lot defer their pension for a a few years and live of AVCs to bridge the gap, and those are most affected by the budget today. Without looking in to it, may take is that it you put £500 a month in AVCs, that is a £6k salary sacrifice so the employee would be £80 a year worse of if it is in the 40% bit which is almost the same point where NIC goes from 8% down to 2%. It isn't a disincentive when saving £2,400. The employer takes a bigger hit though.

Where the pension funds are struggling some employers have to put more in but the employee % stays the same for their band.
 
Quite right I should have made the distinction between Local governement and Cenral Governement - "The main funded public pension system is the Local Government Pension Scheme (LGPS) and many employer‑level or defined‑contribution public plans; most large central government defined‑benefit schemes (NHS, Teachers, Civil Service, Armed Forces, Police, Fire) are run on a pay‑as‑you‑go (unfunded) basis"

They quoted “£1.4 trillion” shortfall refers to the unfunded future liabilities of public service (central government) defined‑benefit pension schemes — the present value of promised benefits not covered by assets — and not to a single cash pot held today.
 
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Scoobz3 said:
Here we go - my manifesto to put things right !

Public Sector Pensions - arguably the elephant in the room - salary related public pensions cost approximately £60 bn a year with £30 bn coming from current workers with the government / us making up the other £30bn . There is no underlying fund. It is estimated that the overall future liability / "promised payments" is in the order of £1400 billion in today's value!

Solution : These need to be abolished and be based on actual pension contributions and the performance of an underlying fund and not be salary related / index linked. Companies did this years ago to manage their liabilities and costs - but MP's love their pensions, so they are not going to vote to get rid of them, therefore the rest of the public sector is probably safe. However, given the economics it can't really be allowed to continue. Perhaps introduce to new members only - that way MPs and existing beneficiaries should be happy !

Immigration - Foreign Students - approximately 750,000 per year (nearly 400k from non EU countries). Of the 2021 arrival cohort, 59% continued to hold valid or indefinite leave to remain three years later, compared with 39% for the 2019 cohort. I can't think of a good reason for any of these to remain.

Solution: Enforce study periods and hold bonds for foreign students (offered by private companies and mandatory for all students or those coming from problem areas (those least likely to return to their country of origin). Bond forfeited by private company if student doesn't return. The private company has the right to apprehend and return students to immigration officials if they breach their study period. Bit like the USA, for criminal offenders out on bail, who breach their bail conditions.

No extensions to the initial study periods to be granted, without going through the complete process again and a strict limit of x years put on study terms with enforcement from immigration officials . Foreign Student non attendance to be notified immediately to immigration officials and offenders removed / have their visas cancelled. Absenteeism rates, of say 20%, should result in the immediate cancellation of study visas.

Fines and closure for universities and schools that have a high percentage of non returning foreign students (some of these schools are a complete scam - just a means for people to enter the country). To ensure proper credentials of universities and schools, foreign students should be limited to a fixed percentage of UK students (e.g. maximum of 20%). No family members should be permitted. If the child is a minor they should not be here or they should be in a paid for full-boarding facility.


Economic migrants / small boats - Solution no payment of benefits until citizenship (think this has been proposed but see potential problem below) and no more rights than an individual in the UK.

No language support/ non english documents - except when removing / challenging their right to stay .

Any employer or anyone employing an illegal immigrant fined £100,000 or 5% of their turnover whichever is greater (consistent offenders to face forfeiture of business/ assets and the same applies to any business / person leasing premises to consistent offenders). These rules would apply to the main and sub contractors - i.e to capture any business ultimately benefiting from the employment of illegal immigrants. Rewards of £10,000 for every illegal immigrant worker who is reported and subsequently deported.

This would choke off the reason for immigrants coming here and avoiding immediate safe havens. If we remove the right to benefits before citizenship, we will see an explosion in illegal working, so this has to be controlled and policed to a far greater extent than it has in the past.

Reform of the welfare state - needs to be based on contribution and helping temporarily, not permanently (a way of life), plus stimulating economic activity not discouraging it e.g rent being paid for you if you only work a maximum of 16 hours or per week . When this point is reached there simply is no incentive to work - hence businesses can't find anyone to employ or have 3 part time "workers" where they used to have one. Solution: Remove free rent after a period of time or put it on a sliding scale (lose 20%- 33% per year after year one) and combine it with a condition to work more hours. Perhaps only make rent payments available to new people, who have at least completed a certain minimum period of full time hours, in the first place.

Uk mobility scheme - limit it to one car manufacturer and base models or cancel all together.

Skilled workers and immigrant labour Solution - Establish a technical college in each major town so we have the plumbers, builders, and crafts people to both maintain and build the infrastructure and housing we require today and in the future.
At the moment, we can't even maintain what we have, never mind building 1.5 million new homes. Courses should also include the hospitality, care and every other sector of the economy (priority should be given to creating places where we have the greatest needs and import the most workers). Every school leaver should have a skill and hence no excuse not to work. With AI a lot of more intellectual /student type jobs will be lost . Technical colleges offering skills can fill the hole and make sure the economy benefits not suffers as a result.

Long term unemployed should be encouraged to attend, take courses, or lose their right to benefits ... There should be creches on site,with priority given to single mums, or people/families coming from the long-term unemployed. The most recent youth labour‑market bulletins show around 2.86 million 16–24‑year‑olds were economically inactive (inactivity rate ~38.4%) in the latest quarter, and youth unemployment and employment figures are published in the same releases.

According to the OBD an average low‑paid worker who arrives in Britain at age 25 can cost the public purse roughly £150,000 over their working lifetime (measured to state pension age). If a newly retired person receives £12,800 per year in public spending and lives 15 years after pension age, nominal public spending ≈ £192,000; for 20 years it’s ≈ £256,000. These are straightforward multiplications and do not discount future spending to present value or include all NHS/social‑care costs, which would increase totals. So with healthcare and pensions and other benefits many of these low paid immigrant workers could cost us £500,000 over a lifetime. Many of these work in the health service etc, because we do not have the people with the necessary skills/willing. The above needs to and should address this !

Dynamic assessment / Active management - we need to constantly assess where rises in unemployment / immigration are coming from and take action immediately - provision of courses and skills, removal of benefits , stricter assessments and look at the corresponding potential long term damage/benefits and prioritize on that basis. This should be hardwired into Government reporting and management.

MP's pay and experience - Quadruple MP's pay or have salary alignment if they have relevant sector experience to encourage people that have actually done the job to go into politics and discourage career politicians. For example , an ex general/high ranking successful officer to be responsible for the military, the head of the most successful National Health Service Trust to run the NHS, etc...

It's incredible to think that today we probably have someone in charge of the armed forces or national health that has no military or health service experience and has never managed a huge budget or corporation / organization. This would never happen in industry. Basically, as in most things in life, you get what you pay for and there is no substitute for real job experience. At the moment hardly any of our MPS have any private sector job experience never mind relevant directly related job experience.

The Governement has the biggest jobs and budgets with the biggest implications - we need and deserve the best people to manage them !
Click to expand...

Student wise I have to disagree to an extent. We should be encouraging the world’s best students to come and study and stay here, the ones that will build top end businesses.

Lots of silicone valley is built this way. We can and should encourage that sort of student to come and stay.
 
Up MPs salaries but they can’t receive money from anywhere else whilst in office, build a block of flats to house them so no second home bollocks and give them a rail card, don’t subsidies the House of Commons canteen etc. If they don’t like it fuck off and let someone who’s there for the right reason do the job, get rid of the HoL.
 
I am a big believer in what Churchill said

‘democracy is the worst form of government apart from all the rest’

We need a strong leader.
 
What if it’s not going to be ‘fixed’. Most of human history was rich people and peasants. We don’t say Victorian people went through a ‘cost of living crisis’ do we?

The last 70 years have been good when it comes to home ownership, secure work, state support etc but that’ not typical

Maybe the good times are over and we go back to slaving away for the rich folk??
 
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abu13 said:
Putting to one side party politics for the moment, what needs to happen to put an end to this mess?

We cant continue down this road we are on.

We need to find a way to pay down the national debt for starters.
How can we get people back into work and contributing to society.
How can we become more productive as a nation.
Can we improve our infrastructure?
How can we overhaul the entire welfare system.
How do we become more self sufficient?

I have never understood this career politician lark, why do we not try having the countries top economical minds in charge of the economy?
Click to expand...
Interesting, a list that looks to punch down, how about the wealth equality?

I was recently in a discussion with our directors about the cost of living crisis, and mentioned that the average pay rise for them was 6 and half grand while Joe Bloggs got approx 750 quid. All because we want a ‘sense’ of equality.

The reality, since 2010, those near the top end received near the same percentage based pay rise as the rest of the business. Those near the top had seen a real-time pay rise of approx 35 grand. Those at the top scale of ‘workers’ had received less than half that, at approx 16 grand.

A perfect example of a system that strips away money from those that will spend it, nor need it.
 
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