| Budget out early oops 12:13 - Nov 26 with 1924 views | RIPbobby |
Lol. What a bunch this lot are. [Post edited 26 Nov 13:22]
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| Budget out early oops on 15:15 - Nov 26 with 274 views | positivity |
| Budget out early oops on 13:19 - Nov 26 by mellowblue |
minimum wage has (rightly) more than doubled in 15 years, I doubt very much general wage growth has done that. I know mine hasn't !! Upskilling is all very fine for the individual, the problem is with the employer who is seeing the erosion of the gap between the unskilled an the skilled yet can not afford to maintain that gap by across the board pay rises. The minimum wage has been addressed now and the increase should be slowed to inflation levels. |
i was talking about this year (4.1% cf 4.6% from what i could see), think it should keep pace with wage growth imho |  |
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| Budget out early oops on 16:03 - Nov 26 with 206 views | mellowblue |
| Budget out early oops on 15:15 - Nov 26 by positivity |
i was talking about this year (4.1% cf 4.6% from what i could see), think it should keep pace with wage growth imho |
Comes into effect in April. inflation currently 3.5% is estimated to be 2.5% next year so that would be a benchmark for employers. 4.1% is still fairly generous. pensions at 4.8% even more so | | | |
| Budget out early oops on 18:03 - Nov 26 with 150 views | DJR |
A couple of welcome snippets from the Guardian.
"Best budget day for UK gilts since 2006
Deutsche Bank analysts have spotted an interesting fact – this was the best Budget day for UK government debt, compared to German and American debt, in almost 20 years!
They report:
"At first glance, the gilt market likes what it heard from the Chancellor today.
In fact, benchmarked relative to Bunds and US Treasuries, at the time of writing today marks the largest fall in 10y gilt yields on the day of a UK budget or major fiscal statement since 2006."
"Gordon Brown says Reeves has done more to tackle child poverty in 1 budget than Tories did in 14 years
The decision to scrap the two-child benefit cap has been warmly welcomed by charities, thinktanks, anti-poverty campaigners and Labour MPs.
The Institute for Fiscal Studies says:
"The abolition of the two-child limit will cost £3bn per year in 2029-30, benefiting 560,000 families with an average gain of over £5,300. This is one of the most cost-effective ways to quickly address child poverty, and the government estimate it will reduce child poverty by 450,000 in 2029-30. Children in families of three or more children had relative poverty rates of almost 44% in 2023-24, compared to 24% for those in smaller families, and the rise in child poverty seen over the 2010s was entirely driven by larger families."
Gordon Brown, the former Labour PM, says in a New Statesman article that Rachel Reeves has “done more to transform the lives of 450,000 of Britain’s poorest children than any of the seven previous Conservative chancellors, who, in 14 long years, did nothing but harm to the lives of vulnerable children”. |  | | |
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