MSE News: Minimum wage to rise by less than 2%

This is the discussion thread for the following MSE News Story:

"The 1.8% rise is way below the most recent RPI inflation figures which recorded a 3.9% rise in January ..."

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  • The Government are short changing those who would have MWA Jobs when inflation is higher. A wilful cruel decision that has Cost of Living implications for poor sods forced on if lucky onto MWA short term work.
    #TY[/B] Would be Qaulity MSE Challenge Queen.
    Reading whatever books I want to the rescue!:money::beer[/B
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  • HappyMJ
    HappyMJ Posts: 21,115 Forumite
    10,000 Posts Combo Breaker
    11p....and the taxpayer has to continue to subsidize that rate by paying working tax credits to working people. Why can't we ask employers to pay just enough so no one would be entitled to any working tax credits and scrap them so the self employed and the intentionally under employed can't take advantage of a flawed system? As the report says £8 an hour would be enough for many single working adults and working couples not to be entitled to any benefits.
    :footie:
    :p Regular savers earn 6% interest (HSBC, First Direct, M&S) :p Loans cost 2.9% per year (Nationwide) = FREE money. :p
  • chambta
    chambta Posts: 2,770 Forumite
    Part of the Furniture Combo Breaker
    It's bigger than my pay-rise.
  • Kite2010
    Kite2010 Posts: 4,308 Forumite
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    The Min wage might only be going up by less than 2% (which is more than most people will see as a pay-rise this year), but so is the personal allowance so they will be able to keep more of their money from the tax-man.
  • oldvicar
    oldvicar Posts: 1,088 Forumite
    As Kite says, full time workers on min wage will get a lot of benefit from raising the personal allowance.

    Many of those who don't work full time will get an inflation proofed uplift from tax`payers subsidising their tax credit benefits.

    So overall, most of those working for low wages will be doing comparatively well during these challenging times - as is only right.
  • pqrdef
    pqrdef Posts: 4,552 Forumite
    oldvicar wrote: »
    As Kite says, full time workers on min wage will get a lot of benefit from raising the personal allowance.
    No more than most people.
    oldvicar wrote: »
    Many of those who don't work full time will get an inflation proofed uplift from tax`payers subsidising their tax credit benefits.
    Many are losing their tax credits, owing to the required working hours being raised from 16 to 24.
    oldvicar wrote: »
    So overall, most of those working for low wages will be doing comparatively well during these challenging times - as is only right.
    Pious claptrap.
    "It will take, five, 10, 15 years to get back to where we need to be. But it's no longer the individual banks that are in the wrong, it's the banking industry as a whole." - Steven Cooper, head of personal and business banking at Barclays, talking to Martin Lewis
  • oldvicar
    oldvicar Posts: 1,088 Forumite
    pqrdef wrote: »
    No more than most people.


    Many are losing their tax credits, owing to the required working hours being raised from 16 to 24.


    Pious claptrap.

    1, Proportionately (percentage-wise) they will gain most, which is natural in a progressive tax system

    2. They are benefits for those in work. PROVIDING that work is available I don't think 24 hours a week, possibly between 2 people, is asking too much. The policy is a deliberate change to encourage those who are artificially declining work to do a bit more.

    3. That's your opinion. I don't know which bit you don't like - (a) the FACT that low paid are doing Relatively well or (b) that they deserve a bigger percentage of the cake
  • JimmyTheWig
    JimmyTheWig Posts: 12,199 Forumite
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    I wonder what pay rise John Longworth, director-general of the British Chambers of Commerce, is getting this year.
  • oldvicar
    oldvicar Posts: 1,088 Forumite
    I wonder what pay rise John Longworth, director-general of the British Chambers of Commerce, is getting this year.

    Why? What do you think he should get?
  • JimmyTheWig
    JimmyTheWig Posts: 12,199 Forumite
    Part of the Furniture 10,000 Posts Name Dropper Combo Breaker
    oldvicar wrote: »
    Why? What do you think he should get?
    Fromt he article, it appears he belives that 1.8% is "far" to high. I wonder if he'll be turning down anything above what he feels to be reasonable.
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