Costs of jobs-possible inflation?

[TOPGUN749]

From next April anyone working 40 hours a week on the minimum wage gets a rise from £23,795 to £25,396,(6.7%) On top of this the employer has to pay an extra £1.032 a year in national insurance. Making a total of £2622 per employee. Naturally others on more than the minimum will expect to keep differentials,so they will also have a rise too. This year the minimum wage rise 9.8%, next year employers need to find 10.2% .The change in National Insurance is huge,but the Tory reduction to 8% employees contributions was a mistake now being clawed back from employers!

Wonder what this will do to inflation for all of us? Every thing we buy,council tax,utilities,services,transportation of goods.Only companies with 3 or 4 staff are exempt from paying the national insurance,but they still have to meet the minimum wage 6.7% rise.How will this not affect inflation? Can’t see companies absorbing it!

Edited Monday at 19:39 by TOPGUN749

[Yellow Bear]

Not so clever back door tax on all of us that will cost jobs where most needed, just to give inflation busting pay rises on the public services and "spave" on "climate change" issues.

This will cause so much inflation that the PS will demand even bigger rises next year.

[oldypigeonpopper]

Hello, Maybe it is needed for the 3.5 million public sector workers 5/6% on average pay rises 🤔

[Penelope]

A what effect will the Ginger Growler's 4 day week have, if that gets off the ground?

[Vince Green]

How can it not cause job losses and inflation? There is no way it's going to create more jobs or reduce prices is there?

Typical socialist mis management of the economy because they don't understand the first principles 

[TOPGUN749]

There are other ways to raise funds. Can’t understand how they can give away thousands in child benefit a year to parents getting up to £80,000 a  year,with no means test so they can be extremely wealthy in many cases , yet can’t afford a £200 heating allowance for pensioners on £11,400,with a means test!

 

Edited Tuesday at 07:56 by TOPGUN749

[oldypigeonpopper]

41 minutes ago, TOPGUN749 said:

There are other ways to raise funds. Can’t understand how they can give away thousands in child benefit a year to parents getting up to £80,000 a  year, yet can’t afford a £200 heating allowance for pensioners on £11,400!

Hello, Only those Pensioners getting Pension Credit with a State pension of less than £218.15 per week will now get the heating allowance, That is £11.343 so your not far out

[old'un]

4 minutes ago, oldypigeonpopper said:

Hello, Only those Pensioners getting Pension Credit with a State pension of less than £218.15 per week will now get the heating allowance, That is £11.343 so your not far out

I think they also take any saving into account before you can get pension credit

[old man]

1 hour ago, TOPGUN749 said:

There are other ways to raise funds. Can’t understand how they can give away thousands in child benefit a year to parents getting up to £80,000 a  year, yet can’t afford a £200 heating allowance for pensioners on £11,400!

Easy maybe, old peeps less likely to vote for their carp schemes?

[oldypigeonpopper]

5 minutes ago, old'un said:

I think they also take any saving into account before you can get pension credit

Hello, Oh that must come when you fill in the application as i have not seen on U Gove web site

[old man]

2 minutes ago, oldypigeonpopper said:

Hello, Oh that must come when you fill in the application as i have not seen on U Gove web site

Another example of being prudent throughout life?

Save at your own peril?

[old'un]

3 minutes ago, oldypigeonpopper said:

Hello, Oh that must come when you fill in the application as i have not seen on U Gove web site

Your savings and investments

If you have £10,000 or less in savings and investments this will not affect your Pension Credit.

If you have more than £10,000, every £500 over £10,000 counts as £1 income a week. For example, if you have £11,000 in savings, this counts as £2 income a week.

[oldypigeonpopper]

9 minutes ago, old'un said:

Your savings and investments

If you have £10,000 or less in savings and investments this will not affect your Pension Credit.

If you have more than £10,000, every £500 over £10,000 counts as £1 income a week. For example, if you have £11,000 in savings, this counts as £2 income a week.

Hello, That is interesting, Thanks to Post, PS Seems they have you by the Short and Curlies as we say in England 🤔😒😄

Edited Monday at 11:18 by oldypigeonpopper

[old'un]

3 minutes ago, oldypigeonpopper said:

Hello, That is interesting, Thanks to Post, PS Seems they have you by the Short and Curlies as we say in England 🤔😒😄

You can use this to find out if you are entitled to pension credit...https://pensioncreditcalculator.dwp.gov.uk/pension-credit-calculator-form.php?stage=1

 

[TOPGUN749]

35 minutes ago, oldypigeonpopper said:

Hello, Oh that must come when you fill in the application as i have not seen on U Gove web site

Yes savings over £10,000 is counted. For every £500 over they assume £1 a week income,so if someone has about £11500 and a pension of £214 a week it’s NO pension credit! If on the old pension of about £170 a week you could have up to £34,000 in savings approximately and be eligible for the heating allowance,possibly a council tax reduction etc.

Edited Monday at 11:35 by TOPGUN749

[oldypigeonpopper]

6 minutes ago, old'un said:

You can use this to find out if you are entitled to pension credit...https://pensioncreditcalculator.dwp.gov.uk/pension-credit-calculator-form.php?stage=1

 

👍 ,   It makes you think if it was all worth the struggle of Saving Money to fund retirement, I know a few people who never did and ended up better off than me, 

Edited Monday at 11:35 by oldypigeonpopper

[TOPGUN749]

3 minutes ago, oldypigeonpopper said:

👍 ,   It makes you think if it was all worth the struggle of Saving Money to fund retirement, I know a few people who never did and ended up better off than me, 

Exactly right!

[oldypigeonpopper]

1 minute ago, TOPGUN749 said:

Exactly right!

Hello, Yes, I have enough to last me out and a few extra Bob for my 2 Sons so its not all doom and gloom, Next year I might splash out with a Charity shop suite as after years in the Single Life Desert my Younger son is getting married to a lovely lady, only trouble in Bristol !!!!!

[ditchman]

Its what they do with the tax that stuns me........

[Vince Green]

3 hours ago, TOPGUN749 said:

There are other ways to raise funds. Can’t understand how they can give away thousands in child benefit a year to parents getting up to £80,000 a  year, yet can’t afford a £200 heating allowance for pensioners on £11,400!

I can't understand how they give thousands away in child benefit to children who are not even in the country and in many instances have never ever been in the country.

In fact why pay child benefit at all? 

[TOPGUN749]

1 hour ago, Vince Green said:

I can't understand how they give thousands away in child benefit to children who are not even in the country and in many instances have never ever been in the country.

In fact why pay child benefit at all? 

Governments know how to waste money and have strange priorities..

[TIGHTCHOKE]

7 hours ago, TOPGUN749 said:

There are other ways to raise funds. Can’t understand how they can give away thousands in child benefit a year to parents getting up to £80,000 a  year, yet can’t afford a £200 heating allowance for pensioners on £11,400!

STOP being so damned sensible, it is all part of the "Master Plan"

[team tractor]

I’ve 4 staff members. I’m trying to charge more but I’m struggling to keep up . 
£20,000 a year rent and it’s climbing . 
just the van insurances were £500 each extra . 
everything is going up except the prices. 
My mates a carpet fitter the last 20 years and he’s just got a job employed. He loves it . Pension , holidays etc.

 

ive had 6 days holiday this year plus stats . No chance of more 

[TIGHTCHOKE]

But you do get free plasters.........................

[mel b3]

2 minutes ago, TIGHTCHOKE said:

But you do get free plasters.........................

Snigger 😁