Tagged: wage

The minimum income is 2.5 times what people get on benefits – but still they are labelled scroungers

Mike Sivier's blog

140630minimumincome The numbers speak for themselves: Under ‘Adequacy of safety-net benefits’, EVERY SINGLE INCOME GROUP has lost out. While others have suffered a great percentage drop, single working-age people remain the least able to make ends meet.

“How much money do you need for an adequate standard of living?”

That is the question posed every year by the Joseph Rowntree Foundation – and every year the organisation calculates how much people have to earn – taking into account their family circumstances, the changing cost of these essentials and changes to the tax and benefit system – to reach this benchmark.

This year’s research finds:

A lone parent with one child now needs to earn more than £27,100 per year – up from £12,000 in 2008. A couple with two children need to earn more than £20,200 each, compared to £13,900 each in 2008. Single working-age people must now earn more…

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Britain’s richest are even better-off – but how did they get that way?

Mike Sivier's blog

inflation

The Sunday Times Rich List has confirmed what some of us have been saying for years – that Austerity has funnelled Britain’s money into the hands of a very few, very selfish people.

The 1,000 richest Britons now own one-third of the nation’s gross domestic product, with their combined wealth rising from last year’s total of £449,654,000,000 to £518,975,000,000.

That’s an increase of 15.4 per cent, an average rise of £69,321,000 each and an average income of 518,975,000.

Average wages in the UK are stagnant at around £26,500, with average pay for the lowest earners having fallen by 14 per cent since David Cameron’s Tory government got its nose in the trough in 2010.

There are only two points to make from this.

Firstly, bearing in mind Gary Barlow’s recent appearances in the news for taking part in a tax avoidance scheme: How many of these 1,000 very rich people…

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Inflation drop doesn’t mean wages will rise

Mike Sivier's blog

'For the privileged few': If you're earning the average wage of £26,500 per year, or less, then nothing George Osborne says will be relevant to you. ‘For the privileged few’: If you’re earning the average wage of £26,500 per year, or less, then nothing George Osborne says will be relevant to you.

Why are the mainstream media so keen to make you think falling inflation means your wages will rise?

There is absolutely no indication that this will happen.

If you are lucky, and the drop in inflation (to 1.7 per cent) affects things that make a difference to the pound in your pocket, like fuel prices, groceries and utility bills, then their prices are now outstripping your ability to pay for them at a slightly slower rate. Big deal.

The reports all say that private sector wages are on the way up – but this includes the salaries of fatcat company bosses along with the lowest-paid office cleaners.

FTSE-100 bosses all received more pay by January 8 than average workers earn in a year. Their…

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Bad apples?

Mike Sivier's blog

The highly confrontational former managing editor of both The Sunday Times and The Sun has been named as the new director of communications at the Department for Work and Pensions.

Richard Caseby takes over after former comms boss John Shield was hired by the BBC last September.

Gosh, what an incestuous world we live in! The BBC, now confirmed as little more than a mouthpiece for the Conservative Party in its political news content, hires the former press officer for the Tory-run DWP. The DWP then hires an executive from Rupert Murdoch’s News UK, previous home of – oh, yes – former Number 10 press supremo Andy Coulson, currently on trial for criminal offences allegedly committed while he was employed by the same firm!

Murdoch, the government, the BBC – these people like to stick together, and they like to put their people in positions of influence.

There is no evidence…

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