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Cost of Living Crisis


Paco

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33 minutes ago, Granny Danger said:

Does anyone know if the rise in the NI threshold affects the rate at which employers start paying their contributions?

Looked again.

The threshold has increased from £9880 to £12570 which is a big saving for employees, but, as far as I can see, it stays the same for the employer.

 

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9 minutes ago, Left Back said:

Thanks but is that not from April 2022?

It has changed from July 2022, I think?

Anyway, ill just hope that my software package knows what it’s doing.

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2 minutes ago, Dawson Park Boy said:

Thanks but is that not from April 2022?

It has changed from July 2022, I think?

Anyway, ill just hope that my software package knows what it’s doing.

Primary threshold 6 April 2022 to 5 July 2022:

£190 per week
£823 per month
£9,880 per year

6 July 2022 to 5 April 2023:

£242 per week
£1,048 per month
£12,570 per year
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Diesel down to 189.9/lt in Maghera yesterday, 6p cheaper than before.
Still 198.9 per litre at my local Tesco yesterday.
Travelling to Dundee (24miles) for the football yesterday. Jet 196.9, Shell 196.9,CO-OP 196.9.

Tesco's are ripping the pish.
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34 minutes ago, Hedgecutter said:

Brechin's prices the other night.  Lowest I've seen anywhere for ages.

PXL_20220706_182404443.thumb.jpg.04aa9b1e5a6004aa90f9609d60be1424.jpg

Over here we can get a litre of petrol for about £1.32 (conversion 1.16€ to the £) plus the Spanish government has been discounting it by 20 cents (17p) per litre since April and that discount has been extended to 31 December.

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11 hours ago, Clown Job said:

 

His attempt to liken the situations of big business profits and individual trade union leaders' salaries is bizarre.

Big businesses have shareholders, investors, their share price, dividends, stakeholders, borrowing power and all sorts of other things to think about.  The profits are created by them, via business decisions they make, and result in wealth creation and knock on effects to help other businesses, positively affecting a plethora of people and contributing to the economy.

In terms of their individual salaries, all union leaders have to think about are their own personal champagne socialist lifestyle.  Unsurprisingly, the guy is from a union himself.

This sort of nonsensical codswallop only appeals to the lowest common denominator.

Edited by Duries Air Freshener
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3 hours ago, Duries Air Freshener said:

His attempt to liken the situations of big business profits and individual trade union leaders' salaries is bizarre.

Big businesses have shareholders, investors, their share price, dividends, stakeholders, borrowing power and all sorts of other things to think about.  The profits are created by them, via business decisions they make, and result in wealth creation and knock on effects to help other businesses, positively affecting a plethora of people and contributing to the economy.

In terms of their individual salaries, all union leaders have to think about are their own personal champagne socialist lifestyle.  Unsurprisingly, the guy is from a union himself.

This sort of nonsensical codswallop only appeals to the lowest common denominator.

 

We tried neoliberalism. It was pish.

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41 minutes ago, Clown Job said:

 

Both you and he are missing the point.  Wage rises don't start the process.  The process was started (as it usually is) by an energy crisis.  This was driven by the end of the pandemic and the war in Ukraine.  This caused the current high inflation.  No-one is saying that wages are responsible for inflation as it is at the moment.  Large wage rises happening now have the potential to further fuel inflation thereby causing a spiral.

Exactly what happened in the 70's.

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17 minutes ago, Left Back said:

Both you and he are missing the point.  Wage rises don't start the process.  The process was started (as it usually is) by an energy crisis.  This was driven by the end of the pandemic and the war in Ukraine.  This caused the current high inflation.  No-one is saying that wages are responsible for inflation as it is at the moment.  Large wage rises happening now have the potential to further fuel inflation thereby causing a spiral.

Exactly what happened in the 70's.

I would have to go looking but I'm quite sure I've saw the finger being pointed at wages as one reason among others.

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18 minutes ago, Anonapersona said:

I would have to go looking but I'm quite sure I've saw the finger being pointed at wages as one reason among others.

I’d be shocked if you could find any economist or anyone in government that claimed wage rises are anything to do with the current state of inflation.  What they’re all talking about is what wage rises could do to the future state of inflation by making it worse.

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1 hour ago, Left Back said:

I’d be shocked if you could find any economist or anyone in government that claimed wage rises are anything to do with the current state of inflation.  What they’re all talking about is what wage rises could do to the future state of inflation by making it worse.

From the Bank of England.

  • there are more job vacancies than there are people to fill them, which means employers are having to offer higher wages to attract job applicants
  • businesses are charging more for their products

All of these things pushed prices (and so the rate of inflation) up.

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