Anyone getting a pay rise.

It won’t be a pay rise taking inflation into consideration.

 

Just had a letter stating military pension increasing by 3.1%. So after over 40 years Service a 4% decrease in real terms!

 

We've been told there will be a review in April so were guessing it will be a token 1% (3% max) while the "Directors" will be on about 7-10% (all kept very "Hush-Hush")

 

In defence of the MP's (ouch, that hurt), they don't set their pay, its done by an external body who will be judging it based on CPI and or RPI inflation.

Broadband, mobile phone, insurance, water, electricity, gas, petrol and food have all hugely increased. They will all increase more. We've got the additional burden of brexit, the reverse effect post covid, general high inflation and now, a European war with sanctions that will further cause problems to our base costs of energy and every business and person who uses it.

It's going to be a very difficult time for many.

 

True, and a number of MPs have already said that they'll be donating their pay rise to local causes.

But there'll be a lot of MPs, particularly on one side of the house that are happy to pocket the rise, whilst voting against rises for other public sector workers.

 

I suspect a lot of MP's will pocket the rise. It's not so much the base salary of MP's that I've an issue with. It's the extras on the side and the additional jobs they are allowed to take.

By all means set MP pay at a competitive level, but then strip away second jobs, perks, "research funding" and donations to office. You're either an MP, or you're not. If as an MP you don't like the terms, go do something else instead.

 

I'll be having a pretty good one, because looking at the jobs market, and the upcoming cost of living increases, I've applied for a new job and just been offered it.
We got 2.3% in January though.

 

If it was down to me I would double MP's pay, have half as many of them and ban all other earnings and claiming of expenses.

You'd save taxpayers money overall, get way better candidates and never have any conflicts of interest arising.

 

Our has dragged on for the last 12 months and in the end we've had to settle for 3.6% last year back paid and 6.1% this year.

 

My pension increases by 3.1% in April. On the one hand, I'm fortunate that it's linked to inflation. The downside is that the increase is based on inflation for the 12 month period ending last September, so it always feels like we're running to catch up - even more so, now that inflation is shooting up further.

 

My thoughts exactly Helen. I'm buckling down in readiness.
I could do with a Premier footballer asking me to quote for a big buggar off extension lol

 

I'm getting sick of this government and their NHS pay 'rises'. The minimum wage has been catching us up for years and is now dangerously close.

In 2019 the minimum wage rose 4.9% - mine (band 2 NHS employee) up 1.7%
In 2020 - MW up 6.2% - mine 1.67%
In 2021 - MW up 2.2% - mine 3% (wahey, we won one!!)
In 2022 - MW up 6.6% - who knows, but proposed 3%

With rising costs everywhere, I really don't know how we're going to live to a reasonable standard. We already shop on a budget. We don't expect many luxuries, and I don't mind about that, but even our one holiday a year is at risk of being culled.

 

The increases in the Minimum Wage are a way of reducing the cost of Universal Credit. In effect making employers pay rather than taxpayers.

I fully agree with your view that as the minimum wage rises, more and more workers will be subsumed within it, thus it will be harder to find jobs paying more than the minimum wage.

All part of the High Wage High Skills economy eh!

Most people will be in for a period of "belt tightening" over the next couple of years. What are the odds on bit of a cut in income tax before the next election after 3 years of tax increases?

 

I'm fortunate that I get my state pension at the end of the month (reduced due to occupational pensions) and my mortgage is paid off in August. Otherwise I'd be in serious financial straights.

I was looking forward to being comfortable but somehow I think I'll be lucky if I maintain the status quo.

 

I hope that you can remain comfortable in the coming years. At least you will be able to get the concessionary rate on Your "Seasonal Pass".

 

Thanks mate, my current season ticket is at the concessionary rate (starts at 65), however, I don't think I'll be renewing.

We're off to Europe on 5th April til late June. If anyone wants my ST after that, I'm happy to pass it on at the Reading match on 2nd April. Somebody might as well make use of it.

 

How's about this then, as an FE teacher, I have had two 1% pay rises in the past 10 years!

God knows what inflation has been overall in that time. Oh and btw, we earn much less than an equivalent school teacher does with the same responsibilities.

Great!

 

Have a great trip. I hope the camper remains trouble free.

I have a ST and I will be renewing for another season , whatever the outcome this season. As I, hopefully,will have exceeded the biblical span next week I cannot forsee me making the journey to Oakwell every fortnight much beyond that.