Debate House Prices


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The Budget

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Comments

  • Rinoa
    Rinoa Posts: 2,701 Forumite
    National minimum wage - £9 per hour by 2020.

    Wow.
    If I don't reply to your post,
    you're probably on my ignore list.
  • vivatifosi
    vivatifosi Posts: 18,746 Forumite
    Part of the Furniture 10,000 Posts Mortgage-free Glee! PPI Party Pooper
    FINAL MEASURE:

    Higher wages - can't continue to subsidise low pay. New national living wage to be £9 by 2020. Will be compulsory and received by those 25 and over next year start at £7.20. Low pay commission will suggest future rises.
    Please stay safe in the sun and learn the A-E of melanoma: A = asymmetry, B = irregular borders, C= different colours, D= diameter, larger than 6mm, E = evolving, is your mole changing? Most moles are not cancerous, any doubts, please check next time you visit your GP.
  • Graham_Devon
    Graham_Devon Posts: 58,560 Forumite
    Part of the Furniture 10,000 Posts Combo Breaker
    Well done, and thank you Viva.

    You must have been typing away like mad!!
  • vivatifosi
    vivatifosi Posts: 18,746 Forumite
    Part of the Furniture 10,000 Posts Mortgage-free Glee! PPI Party Pooper
    2016 National Insurance Cut for small firms. Will be able to employ four people on national living wage and pay no national insurance whatsoever.

    People on NMW will see wages rise by 1/3.
    Please stay safe in the sun and learn the A-E of melanoma: A = asymmetry, B = irregular borders, C= different colours, D= diameter, larger than 6mm, E = evolving, is your mole changing? Most moles are not cancerous, any doubts, please check next time you visit your GP.
  • michaels
    michaels Posts: 29,133 Forumite
    Part of the Furniture 10,000 Posts Photogenic Name Dropper
    Well done, and thank you Viva.

    You must have been typing away like mad!!


    Seconded - thanks Viva, you were consistenly ahead of the BBC and captured more detail.
    I think....
  • michaels wrote: »
    Don't get me wrong, I think making the loans available to all is by far the fairest and use other means to target students from low income families into higher education. However for me (or my kids) it will be a loss.

    I don't agree with loans at all for University education but I am aware that ship has well and truly sailed. However, if students are considered adults at 18 why hsould any parental income be taken account of? It should be a level playing field for all, with loans being repaid from earned income so that no one is disadvantaged.

    This scheme is a ticking timebomb for every govt though, as if record numbers go, many will never repay anything.
  • lisyloo
    lisyloo Posts: 30,077 Forumite
    Part of the Furniture 10,000 Posts Name Dropper
    Is that because your parents didn't pay you the portion the government said they should
    Yes correct (although they did pay me some).
    With 4 kids and low incomes (albeit 2) they claimed they simply didn't have it.
    At one point they were passing my brothers housekeeping money onto me (and not telling him).
    I went in late 80's, so got some grant but my parents had to make up the remainder
    Correct.
    And this seriously dis-advantaged those whose parents either couldn't or wouldn't pay.
    It also gave an advantage to divorced parents as you claimed for 1 parent and of course everyone used the poorer of the two parents.
    I felt this was highly inequitable.

    Surely the new system is fairer?
  • kabayiri
    kabayiri Posts: 22,740 Forumite
    Part of the Furniture 10,000 Posts
    Harriet steps up to the plate to sprout organic home grown morality nonsense.

    Nothing new here, move along please..
  • michaels
    michaels Posts: 29,133 Forumite
    Part of the Furniture 10,000 Posts Photogenic Name Dropper
    vivatifosi wrote: »
    FINAL MEASURE:

    Higher wages - can't continue to subsidise low pay. New national living wage to be £9 by 2020. Will be compulsory and received by those 25 and over next year start at £7.20. Low pay commission will suggest future rises.


    Moe bad news for me, costs me in extra NI at about 21% of the increase in minimum wage :( The increased personal allowance obviously helps a little but not nearly as much as I lose out on.
    I think....
  • Graham_Devon
    Graham_Devon Posts: 58,560 Forumite
    Part of the Furniture 10,000 Posts Combo Breaker
    edited 8 July 2015 at 1:47PM
    Actually re-looking at the living wage, it's not THAT radical.

    Minimum wage has gone up around 30p each year anyway.

    Achieving £9 an hour by 2020 is only a 45p increase each year. Comes with a one off 70p rise next year instead of approx 30p.

    Seems business's are the biggest benefactors with the NI cut.

    Think it just seemed massive as it's entitled "Living Wage". In reality, it's not really that far away from what we had anyway.

    If you are working 30 hours a week on NMW currently, it's an extra £14.70 a week. Easily swallowed by the tax credits measures for many.
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