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The Edcawber Principle

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  • edinburgher
    edinburgher Posts: 13,824 Forumite
    Part of the Furniture 10,000 Posts Name Dropper
    £116.09 paid off CCs (regular payments) :)

    My back pay will not be paid until April - to say I am disappointed is an understatement. I'm trying to find a silver lining, the best I can do is that at least it will be a full year of back pay, plus a 6.5% pay rise from that point onwards?
  • Suffolk_lass
    Suffolk_lass Posts: 10,253 Forumite
    Part of the Furniture 10,000 Posts Name Dropper Photogenic
    As you say, very disappointing. Can you think of it as ready made savings? The other aspect you should consider, is what happens if it is not processed at the end of March. Does that back pay (added to the pay-rise) negatively impact your tax position? Added together, do they mean the difference between 40% tax and not in tax year 19-20?
    Save £12k in 2025 #2 I am at £4863.32 out of £6000 after May (81.05%)
    OS Grocery Challenge in 2025 I am at £1286.68/£3000 or 42.89% of my annual spend so far
    I also Reverse Meal Plan on that thread and grow much of our own premium price fruit and veg, joining in on the Grow your own thread
    My new diary is here
  • beanielou
    beanielou Posts: 95,387 Ambassador
    Part of the Furniture 10,000 Posts Academoney Grad Mortgage-free Glee!
    Boo to that news :(
    I am a Forum Ambassador and I support the Forum Team on Mortgage Free Wannabe & Local Money Saving Scotland & Disability Money Matters. If you need any help on those boards, do let me know.Please note that Ambassadors are not moderators. Any post you spot in breach of the Forum Rules should be reported via the report button , or by emailing forumteam@moneysavingexpert.com. All views are my own & not the official line of Money Saving Expert.

    Lou~ Debt free Wanabe No 55 DF 03/14.**Credit card debt free 30/06/10~** MFW. Finally mortgage free O2/ 2021****
    "A large income is the best recipe for happiness I ever heard of" Jane Austen in Mansfield Park.

    ***Fall down seven times,stand up eight*** ~~Japanese proverb.
    ***Keep plodding*** Out of debt, out of danger. ***Be the difference.***
    One debt remaining. Home improvement loan.
  • edinburgher
    edinburgher Posts: 13,824 Forumite
    Part of the Furniture 10,000 Posts Name Dropper
    beanielou wrote: »
    Boo to that news :(

    It gets worse. Now the chat is that people are starting to expect pay cuts in 2 years to help fund equal pay (which I fully support as long overdue). I'm trying to be optimistic (cutting wages is not the only way to save money), but it feels a bit like a kick in the sensitive parts!

    £4.83 paid off a credit card.

    Off to grind through another day of my largest piece of work in years :D
  • Suffolk_lass
    Suffolk_lass Posts: 10,253 Forumite
    Part of the Furniture 10,000 Posts Name Dropper Photogenic
    If that is the big equal pay case (IRO £500m) that made the national press, the leader indicated it would be settled through capitalisation of assets (ie mortgaging the much valued historic buildings) - not through pay cuts and job cuts. The Unions are strong throughout the public sector in Scotland. They will stand up for you.
    Save £12k in 2025 #2 I am at £4863.32 out of £6000 after May (81.05%)
    OS Grocery Challenge in 2025 I am at £1286.68/£3000 or 42.89% of my annual spend so far
    I also Reverse Meal Plan on that thread and grow much of our own premium price fruit and veg, joining in on the Grow your own thread
    My new diary is here
  • edinburgher
    edinburgher Posts: 13,824 Forumite
    Part of the Furniture 10,000 Posts Name Dropper
    If that is the big equal pay case (IRO £500m) that made the national press, the leader indicated it would be settled through capitalisation of assets (ie mortgaging the much valued historic buildings) - not through pay cuts and job cuts. The Unions are strong throughout the public sector in Scotland. They will stand up for you.

    Hi SL.

    Yes, that one! I suppose it's not too "outing" to discuss it, we must employ xx,xxx men who could be me!

    While the issue of settlement is being covered by one time measures, they have also committed to changing pay and grading for all staff. After a decade of cuts, nobody is optimistic that this will be funded in any manner other than robbing Peter to pay Paul(ine).

    That's not intended as a sexist comment - in fact the most concerned colleagues are well paid women.
  • Suffolk_lass
    Suffolk_lass Posts: 10,253 Forumite
    Part of the Furniture 10,000 Posts Name Dropper Photogenic
    I did not take it as such. The article (FT, I think) said that the Job Evaluation Scheme in place since 2006 used criteria that were weighted towards male jobs.

    That is pretty much what happened in Birmingham and Morrisons - In Morries they weighted the logistics and warehouse posts (male dominated) more than the equivalent skills levels on the shop-floor and in the offices. If I recall from Birmingham the fallout is closer to £1bn and it was the care assistants, nursery workers and office staff who lost out to the grave-diggers, refuse collectors and gardeners.

    When the place I worked for merged with another it was awful. I can't say more without outing myself.
    Save £12k in 2025 #2 I am at £4863.32 out of £6000 after May (81.05%)
    OS Grocery Challenge in 2025 I am at £1286.68/£3000 or 42.89% of my annual spend so far
    I also Reverse Meal Plan on that thread and grow much of our own premium price fruit and veg, joining in on the Grow your own thread
    My new diary is here
  • edinburgher
    edinburgher Posts: 13,824 Forumite
    Part of the Furniture 10,000 Posts Name Dropper
    That would explain why Birmingham have sold off so many properties!
  • edinburgher
    edinburgher Posts: 13,824 Forumite
    Part of the Furniture 10,000 Posts Name Dropper
    £43.43 paid off a CC (regular payment and a TT).

    I think I am going to fall short of my £15k by Easter challenge by about £250. Not too annoyed, as 3 small windfalls that are in the pipeline have not materialised yet.
  • edinburgher
    edinburgher Posts: 13,824 Forumite
    Part of the Furniture 10,000 Posts Name Dropper
    £7.99 paid off a CC.

    I am skint - roll on Tuesday payday!
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