Your Chacellor has just announced a living wage, in 5 years time, which is below that currently available in Scotland and below that agreed by Boris to be needed in London to live now.
1% reduction in rent will be balanced out by the 20% plus increase in rents for those earning £30/£40k pa.
I have no idea where the loss of 4k units comes from, as rental income is only part of the financing of new homes. Funding is all about surplus and how large that is.
A slanted view?! It's from the OSB direct. They're facts, you can't dispute them.
"The Office for Budget Responsibility was created in 2010 to provide independent and authoritative analysis of the UK’s public finances. It is one of a growing number of official independent fiscal watchdogs around the world."
1% reduction in rent will be balanced out by the 20% plus increase in rents for those earning £30/£40k pa.
I have no idea where the loss of 4k units comes from, as rental income is only part of the financing of new homes. Funding is all about surplus and how large that is.
But the "slanted view" quoted in the tweet is taken directly from the assessment of the affects of this budget measure by the government's own 'Office for Budget Responsibility' (OBR) which Osbourne set up and uses to predict the outcome of all of his budget proposals.....?
£9 ph living wage by 2020, what world are they in ? £9 ph isn't enough now
So put it up to 12 ph and the businesses who employ them go tits up then those people enjoying the 12 an hour will be down the big house looking for 150 a fortnight.
Common sence, simple common sense
With inflation, the minimum wage would need to be £9 in 2020 anyway.
What is it they say ?
Common sense.... Simple common sense
Inflation is running at 0.1%
Try telling the train companies that when they put their fares up
Your Chacellor has just announced a living wage, in 5 years time, which is below that currently available in Scotland
There is no statutory living wage in Scotland, or at least one that will differ from the national living wage when this one is introduced, it is not a devolved matter.
No, it isn't statutory, but it is gaining pace and it is paid by the Scottish Parliament amongst others. Currently £7.85 North of the Border and £7.20 down here.
Nice also to see Priti Patel left floundering when asked whether this new minimum wage would be applied to the public sector. Never mind, just laugh it off, flutter your eyelids and say "we'll have to see". "Fantastic" as your mate would say!
Your Chacellor has just announced a living wage, in 5 years time, which is below that currently available in Scotland
There is no statutory living wage in Scotland, or at least one that will differ from the national living wage when this one is introduced, it is not a devolved matter.
No, it isn't statutory
Then there's no comparison, also, £9 is more than £7.85, so it is not going to below what is currently available in Scotland, even though what is available in Scotland is not actually available, it is just discretionary.
Your Chacellor has just announced a living wage, in 5 years time, which is below that currently available in Scotland
There is no statutory living wage in Scotland, or at least one that will differ from the national living wage when this one is introduced, it is not a devolved matter.
No, it isn't statutory
Then there's no comparison, also, £9 is more than £7.85, so it is not going to below what is currently available in Scotland, even though what is available in Scotland is not actually available, it is just discretionary.
You know this isn't 2020 don't you??? When we will eventually reach the £9 figure.
Your Chacellor has just announced a living wage, in 5 years time, which is below that currently available in Scotland
There is no statutory living wage in Scotland, or at least one that will differ from the national living wage when this one is introduced, it is not a devolved matter.
No, it isn't statutory
Then there's no comparison, also, £9 is more than £7.85, so it is not going to below what is currently available in Scotland, even though what is available in Scotland is not actually available, it is just discretionary.
You know this isn't 2020 don't you??? When we will eventually reach the £9 figure.
Just checking!!
But you said £9 "is below that currently available in Scotland" - but isn't £7.85 the "encouraged" living wage in Scotland?
Your Chacellor has just announced a living wage, in 5 years time, which is below that currently available in Scotland
There is no statutory living wage in Scotland, or at least one that will differ from the national living wage when this one is introduced, it is not a devolved matter.
No, it isn't statutory
Then there's no comparison, also, £9 is more than £7.85, so it is not going to below what is currently available in Scotland, even though what is available in Scotland is not actually available, it is just discretionary.
You know this isn't 2020 don't you??? When we will eventually reach the £9 figure.
Just checking!!
You're the one that said 'in 5 years time', not me.
Got to laugh, it was basically a Labour budget as opposed to a Conservative one, yet it is the Labour supporters who are (naturally) most critical. Would love to know what they were realistically expecting
If it is a Labour budget then God help us. I suspect a Labour budget would have been more targeted in creating more homes for people to live in rather than more roads to drive on.
I meant in the sense Seth there are net tax rises than tax cuts, the extent of welfare savings was less than half previously expected, higher borrowing levels than expected, the pace of return to surplus much more shallow than expected, and an address of non dom status and buy-to-let. It was (as a generalisation) far less austere than expectations, or what a coalition pre-budget suggested.
I'm sorry but isn't this a card trick? Minimum wage is statutory but living wage isn't. Tories can set it at £20ph but employers aren't obliged to pay it.
Your Chacellor has just announced a living wage, in 5 years time, which is below that currently available in Scotland
There is no statutory living wage in Scotland, or at least one that will differ from the national living wage when this one is introduced, it is not a devolved matter.
No, it isn't statutory, but it is gaining pace and it is paid by the Scottish Parliament amongst others. Currently £7.85 North of the Border and £7.20 down here.
Nice also to see Priti Patel left floundering when asked whether this new minimum wage would be applied to the public sector. Never mind, just laugh it off, flutter your eyelids and say "we'll have to see". "Fantastic" as your mate would say!
I'm sorry but isn't this a card trick? Minimum wage is statutory but living wage isn't. Tories can set it at £20ph but employers aren't obliged to pay it.
As I understand it, the living wage becomes an entitlement for the over 25s. So its a rebranding of the old name. The Labour manifesto was only offering to raise it to £8 by 2020. Yet they still complain!
Got to laugh, it was basically a Labour budget as opposed to a Conservative one, yet it is the Labour supporters who are (naturally) most critical. Would love to know what they were realistically expecting
Did nobody else feel slightly cheated ? After all was it not the Tory manifesto pre election appealing to the self flaggelationists that we really do need more of that nasty medicine wot got the votes.
Not sure how outraged of Tunbridge Wells is feeling this morning knowing that the disabled got off scot free.
Agree with Seth that nothing about house building is astonishing.
Got to laugh, it was basically a Labour budget as opposed to a Conservative one, yet it is the Labour supporters who are (naturally) most critical. Would love to know what they were realistically expecting
Did nobody else feel slightly cheated ? After all was it not the Tory manifesto pre election appealing to the self flaggelationists that we really do need more of that nasty medicine wot got the votes.
Not sure how outraged of Tunbridge Wells is feeling this morning knowing that the disabled got off scot free.
Agree with Seth that nothing about house building is astonishing.
If Osborne had said everyone in the country is getting £10k transferred into their bank acccount today then some on here would still be moaning.
He won, its a good budget and better than a lot of people thought it might be especially as they have just won an election and usually you get the bad news out of the way for 1/2 years and then give away a few freebies in the run up to the election.
The reason he hasnt had to do that is because of the bloody good job they have done looking after the economy for the last few years.
I meant in the sense Seth there are net tax rises than tax cuts, the extent of welfare savings was less than half previously expected, higher borrowing levels than expected, the pace of return to surplus much more shallow than expected, and an address of non dom status and buy-to-let. It was (as a generalisation) far less austere than expectations, or what a coalition pre-budget suggested.
It's where those tax rises are that points to why it's a Tory budget. Removing tax on pension savings for people earning over £150,000, cutting corporation tax and raising inheritence tax to £1,000,000 tax free.
All nice tax cuts for the higher earners in the country. Shame the working class didn't get similar treatment, instead they'll have their income support removed and rent increased.
I meant in the sense Seth there are net tax rises than tax cuts, the extent of welfare savings was less than half previously expected, higher borrowing levels than expected, the pace of return to surplus much more shallow than expected, and an address of non dom status and buy-to-let. It was (as a generalisation) far less austere than expectations, or what a coalition pre-budget suggested.
All nice tax cuts for the higher earners in the country. Shame the working class didn't get similar treatment, instead they'll have their income support removed and rent increased.
Comments
"The Office for Budget Responsibility was created in 2010 to provide independent and authoritative analysis of the UK’s public finances. It is one of a growing number of official independent fiscal watchdogs around the world."
Nice also to see Priti Patel left floundering when asked whether this new minimum wage would be applied to the public sector. Never mind, just laugh it off, flutter your eyelids and say "we'll have to see". "Fantastic" as your mate would say!
Obviously clueless!!
Some people are still clearly bitter about the election result.
To resurrect a Charlton Life favourite line.... "Move on"
Just checking!!
Has Osborne rebranded the "minimum wage" as the "living wage"?
Or has he just taken ownership of the term (and kept the difference to minimum) to remove its political significance?
Seems clever, if he's done either.
The point should have been about setting a rate now that is still below that in Scotland and below what has been agreed is needed in London.
As with any give, in any budget, the £7.20 quoted doesn't even start until next April, so still (as minimum wage) at £6.50 for another 9 months.
It was (as a generalisation) far less austere than expectations, or what a coalition pre-budget suggested.
Not sure how outraged of Tunbridge Wells is feeling this morning knowing that the disabled got off scot free.
Agree with Seth that nothing about house building is astonishing.
He won, its a good budget and better than a lot of people thought it might be especially as they have just won an election and usually you get the bad news out of the way for 1/2 years and then give away a few freebies in the run up to the election.
The reason he hasnt had to do that is because of the bloody good job they have done looking after the economy for the last few years.
I really shouldnt rise to political banter..
All nice tax cuts for the higher earners in the country. Shame the working class didn't get similar treatment, instead they'll have their income support removed and rent increased.