cheltenham_villa Posted October 18, 2011 Share Posted October 18, 2011 My payrise for Nov 1st is RPI +0.5% is it RPI or RPIX (i think thats what they call it), often it is the latter, the one that doesnt include mortgages which is often much lower. No idea if it is or isnt though. Link to comment Share on other sites More sharing options...
Genie Posted October 18, 2011 Share Posted October 18, 2011 it is RPI + 0.5% for sure. The other figure for inflation which is often lower is cpi. Link to comment Share on other sites More sharing options...
mockingbird_franklin Posted October 18, 2011 Share Posted October 18, 2011 Hmm so I wonder if those celebrations at pension rises no longer being linked to inflation were a bit premature? Link to comment Share on other sites More sharing options...
drat01 Posted October 18, 2011 Share Posted October 18, 2011 Winter fuel payments have been cut by £50 for people over 60 & by £100 for people over 80, yet Tories promised no cuts in these payments . Being reported tonight Link to comment Share on other sites More sharing options...
peterms Posted October 18, 2011 Share Posted October 18, 2011 There are still some people being quoted tonight, people with academic qualifications and practical experience, saying that if we can reduce interest rates, that will enable businesses to start borrowing, and generate growth. They really, really don't get it. They are reading the script from an economics textbook from their youth, with a complete lack of critical thought and awareness of what has changed since then. Though there was one bloke on R5 who stated the obvious, that the obstacle to borrowing is not interest rates but the lack of demand. They soon followed up with Alan Budd, one of Thatch's old mates, to explain that in fact this person was wrong, and the aim should be to reduce interest rates from the current, er, 0.5%. A slight credibility gap there, Sir Alan! As well as an apparent complete lack of awareness of what has been happening in Japan for a decade. It's quite astonishing that they continue to wheel out people like this, when the gap between what they say and what actually exists is so vast and incontrovertible. And how little airtime is given to alternative views, no matter what their credibility and track record. Link to comment Share on other sites More sharing options...
Risso Posted October 18, 2011 Share Posted October 18, 2011 Winter fuel payments have been cut by £50 for people over 60 & by £100 for people over 80, yet Tories promised no cuts in these payments . Being reported tonight Weren't these reported back in March, and isn't it just not renewing the temporary increase? Link to comment Share on other sites More sharing options...
CI Posted October 18, 2011 Share Posted October 18, 2011 In the Mids alone, 28,000 young people working part time as they can't get full time jobs Inflation at 5.2%, very worrying Link to comment Share on other sites More sharing options...
peterms Posted October 18, 2011 Share Posted October 18, 2011 Winter fuel payments have been cut by £50 for people over 60 & by £100 for people over 80, yet Tories promised no cuts in these payments . Being reported tonight Weren't these reported back in March, and isn't it just not renewing the temporary increase? Yes, it was reported as part of the budget. Does that make the cut easier to bear? The current level has been paid for three years, but the government says it was "temporary" and has withdrawn it, at the exact time that fuel bills have gone through the roof and Cameron has decided, after much huffing and puffing about bearing down on the utilities companies, to do precisely nothing. Link to comment Share on other sites More sharing options...
peterms Posted October 18, 2011 Share Posted October 18, 2011 In the Mids alone, 28,000 young people working part time as they can't get full time jobs Inflation at 5.2%, very worrying But those unwanted part-time jobs that don't pay the bills count as "jobs created". More like jobs lost, full-time proper jobs replaced with part-time checkout stuff. Link to comment Share on other sites More sharing options...
PauloBarnesi Posted October 18, 2011 Share Posted October 18, 2011 From a timing point of view, the Government have excelled again today with the announcement that our, the taxpayers donation to The Royal Family has been increase to £34m per annum Great, just **** great I suspect after the royal wedding its probably performance related? Link to comment Share on other sites More sharing options...
CI Posted October 18, 2011 Share Posted October 18, 2011 Hey if we could all have a go on Kate, Pippa and Zara I'd probably support the £34m bailout + add ons Link to comment Share on other sites More sharing options...
thetrees Posted October 19, 2011 Share Posted October 19, 2011 From a timing point of view, the Government have excelled again today with the announcement that our, the taxpayers donation to The Royal Family has been increase to £34m per annum Great, just **** great So on that basis we can have the Royal Family for approx 360 years for the price of the Olympics for four weeks. Not a bad deal in my book. Link to comment Share on other sites More sharing options...
drat01 Posted October 19, 2011 Share Posted October 19, 2011 Winter fuel payments have been cut by £50 for people over 60 & by £100 for people over 80, yet Tories promised no cuts in these payments . Being reported tonight Weren't these reported back in March, and isn't it just not renewing the temporary increase? Yes, it was reported as part of the budget. Does that make the cut easier to bear? The current level has been paid for three years, but the government says it was "temporary" and has withdrawn it, at the exact time that fuel bills have gone through the roof and Cameron has decided, after much huffing and puffing about bearing down on the utilities companies, to do precisely nothing. Exactly Peter but as we are seeing Tory supporters are not exactly known for their benevolence when it comes to helping (unless you are a party donator obviously) Cameron tried all of his marketing spin to try and show that he was going to attack the power companies, and then went very quiet when he had to admit that he could / would do nothing at all. Inflation is marching onwards and upwards and the weaker in society, not exactly the top of this Gvmt's prty list are being hit. It's interesting that the lack of concern from the Tory party and its supporters on the impacts of the winter fuel payments for the elderly, maybe that shows a trait that the marketing millions have failed to smother? I suppose when we have that old style Tory like Edwina Curry claiming that poverty doesn't happen, what can you really expect from the rest of them and their supporters link Link to comment Share on other sites More sharing options...
ender4 Posted October 21, 2011 Share Posted October 21, 2011 a bit of good news (kind of): September deficit - £14.1bn, compared to £15.4bn previous year. On target for 'only' borrowing £122bn this year, compared to £137bn last year. Link to comment Share on other sites More sharing options...
VILLAFC2000 Posted October 21, 2011 Share Posted October 21, 2011 a bit of good news (kind of): September deficit - £14.1bn, compared to £15.4bn previous year. On target for 'only' borrowing £122bn this year, compared to £137bn last year. Tell that to the elderly who have just found out a large proportion of their winter fuel allowance will be reduced. Tell that to the students who have to pay 10 k just to get an education. Tell that to the 2.7 million who are unemployed. ect ect ect. Link to comment Share on other sites More sharing options...
peterms Posted October 21, 2011 Share Posted October 21, 2011 a bit of good news (kind of): September deficit - £14.1bn, compared to £15.4bn previous year. On target for 'only' borrowing £122bn this year, compared to £137bn last year. No, that's bad news. The deficit needs to be much higher if we are to avoid a recession, because the private sector is net saving. Cutting the deficit simply reduces demand in a situation where the main problem is a lack of demand. It's the economic equivalent of bleeding the patient, and we can expect similar results. Don't be taken in by this hysterical bullshit about the deficit, and the false analogy to what a household can do. It's a cyncial lie, to provide cover for the cuts this government want to make for purely ideological reasons. The deficit is not unusually high compared to the last 200 years, and nor is the debt at unusual or problematic levels in relation to gdp. The panicmongering is ludicrous. Link to comment Share on other sites More sharing options...
Risso Posted October 21, 2011 Share Posted October 21, 2011 A deficit of £107bn isn't unusual or problematic? Link to comment Share on other sites More sharing options...
CI Posted October 21, 2011 Share Posted October 21, 2011 I'm off to pump some money into the East Devon economy next week, can't wait Link to comment Share on other sites More sharing options...
peterms Posted October 21, 2011 Share Posted October 21, 2011 A deficit of £107bn isn't unusual or problematic? Been through this before. This is the debt, in historical perspective. The deficit has risen in recent years, for known and predictable reasons (bailout, recession, falling tax revenues and increasing welfare spending because of policies which create unemployment). The deficit rises because the private sector is net saving. These two, with the balance of trade, form an accounting identity, which you will doubtless understand. If one goes down, the other will go up, other things being equal. If the private sector net saves, we could cut the public deficit by securing a vast increase in exports to all those other countries who are also trying to increase exports over imports - unlikely. Or we could see the level of economic activity slump to a lower level, which is what is happening now. Link to comment Share on other sites More sharing options...
Risso Posted October 21, 2011 Share Posted October 21, 2011 You seem to be confusing the terms 'deficit' and 'debt'. Link to comment Share on other sites More sharing options...
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