Jump to content

Cost of Living Crisis


Paco

Recommended Posts

IIRC it's tomorrow that the CPI figures come out for September. That figure is normally used to determine things like the public sector pension and benefits increases that will take effect from next April.  I think the August figure was 9.9%.

It's not "automatic" though; anyone know when the Government takes the decision on what to do?

 

Link to comment
Share on other sites

7 minutes ago, Clown Job said:

 

Looking forward to hearing Westminster and Holyrood Tories congratulating His Britannic Majesty's Government's handling of the economy and that OF COURSE pensions and benefits will rise by 10.1% from April. 

In other news, the RAF was scrambled to deal with flying pigs over Edinburgh. 

Link to comment
Share on other sites

On 19/10/2022 at 09:02, Salt n Vinegar said:

Looking forward to hearing Westminster and Holyrood Tories congratulating His Britannic Majesty's Government's handling of the economy and that OF COURSE pensions and benefits will rise by 10.1% from April. 

In other news, the RAF was scrambled to deal with flying pigs over Edinburgh. 

To provide a little context, eurozone inflation is 9.9%.

Hardly an earth shattering difference!

Regarding pensions and benefits, it would seem logical that the energy assistance that we are all receiving should be taken account of in calculating the true inflation rate? 

Link to comment
Share on other sites

7 minutes ago, Dawson Park Boy said:

To provide a little context, eurozone inflation is 9.9%.

Hardly an earth shattering difference!

Regarding pensions and benefits, it would seem logical that the energy assistance that we are all receiving should be taken account of in calculating the true inflation rate? 

😂😂😂

Link to comment
Share on other sites

58 minutes ago, dundeefc1783 said:

Scots Gov now offering NHS staff a "significantly improved" £2205 uplift.  Which for a decent proportion of staff is lower than the original 5% wage rise that was previously rejected. 

Only if they're on over £44k a year - in which case they're in no position to mewl about a cost of living crisis

For someone on the median full-time wage in Scotland that represents around a 7-8% pay increase. 

Link to comment
Share on other sites

6 hours ago, Dawson Park Boy said:

To provide a little context, eurozone inflation is 9.9%.

Hardly an earth shattering difference!

Regarding pensions and benefits, it would seem logical that the energy assistance that we are all receiving should be taken account of in calculating the true inflation rate? 

There is no such thing as the "true" inflation rate.  Inflation is a personal measure as each household's budget is unique.  If we take into account the people that were recipients of all the government assistance then I would bet the vast majority of them are seeing inflation at far more than 10% even after taking the assistance into account.

 

On the positive side, rampant inflation should lead to an increase in wages that will help us have an increased number of millionaires.  Personally I can't wait until Sally that works part time at the local garage won't get out of bed for less than £5m a week.

Edited by strichener
Link to comment
Share on other sites

7 hours ago, virginton said:

Only if they're on over £44k a year - in which case they're in no position to mewl about a cost of living crisis

For someone on the median full-time wage in Scotland that represents around a 7-8% pay increase. 

Sorry I forgot that those who earn above average wages are immune to increases in cost of living and should just accept whatever the govt decides to give them.

Link to comment
Share on other sites

14 minutes ago, dundeefc1783 said:

Sorry I forgot that those who earn above average wages are immune to increases in cost of living and should just accept whatever the govt decides to give them.

Where do you think redistributive policies should kick in?

Just below, at or above your wage?

Link to comment
Share on other sites

25 minutes ago, dundeefc1783 said:

Sorry I forgot that those who earn above average wages are immune to increases in cost of living and should just accept whatever the govt decides to give them.

If you're earning fully 50% more than the average worker in the country, then you can take your £2000 pay rise and lump it.

And people on higher wages are actually relatively immune - because the biggest inflationary pressures are on essentials like food and energy, which take up far more of the outgoings of a worker on £25k per year than £45k. Food doesn't become 80% more expensive depending on your final salary after all. A fixed rate mortgage is also not increasing - which a higher earner is much more likely to have and so is shielded from a huge part of their cost of living compared to those renting. 

Inflation is a relative experience and so there's no grounds to give a flat percentage pay increase to management level as entry level. That would be a total waste of public money.

Edited by vikingTON
Link to comment
Share on other sites

1 minute ago, virginton said:

If you're earning fully 50% more than the average worker in the country, then you can take your £2000 pay rise and lump it.

And people on higher wages are actually relatively immune - because the biggest inflationary pressures are on essentials like food and energy. A fixed rate mortgage is not increasing at all - which a higher earner is much more likely to have. 

Inflation is a relative experience and so there's no grounds to give a flat percentage pay increase to management level as entry level. That would be a total waste of public money.

Sorry I also didn't realise that fixed rate mortgage products were never ending. 

 

Link to comment
Share on other sites

2 minutes ago, dundeefc1783 said:

Sorry I also didn't realise that fixed rate mortgage products were never ending. 

There were literally full-term fixes available six months ago. Not that this deflects from the reality that inflation on energy and food is nowhere near as significant for someone on £45k per year as it is for someone on £25k. Get off your cross.

Link to comment
Share on other sites

Join the conversation

You can post now and register later. If you have an account, sign in now to post with your account.

Guest
Reply to this topic...

×   Pasted as rich text.   Paste as plain text instead

  Only 75 emoji are allowed.

×   Your link has been automatically embedded.   Display as a link instead

×   Your previous content has been restored.   Clear editor

×   You cannot paste images directly. Upload or insert images from URL.

Loading...
  • Recently Browsing   0 members

    • No registered users viewing this page.
×
×
  • Create New...