UK gov universal pay increase


OK, let's say everyone gets a pay increase.

Immediately every business that employs anyone needs to raise their prices to pay the additional wages.

As a result, everyone is still just as poorly paid in reality even though the numbers on their wage cheques are bigger.

The pound plummets in value compared with other currencies.

Foreign imports become more expensive and so foreign items become more unaffordable and overall quality of life decreases.

People can't afford homes anymore as they can't compete with foreign investors whose foreign money is now worth more pounds than it used to.

Everyone ends up renting from foreign investors, pushing British money out of the country, strengthening other economies and weakening our own.

The pound plummets further.

People can't afford food and heating anymore.

Businesses close because nobody can afford to use them, everyone loses their jobs, and we're into a new Great Depression.

tl;dr nah it wouldn't work marra


Also, salary is only one element of your remuneration package, an 8% salary increase for a nurse isn't as good as an 8% pay rise for teachers as nurses pensions are nowhere near as good.

Op sounds like a communist and shouldn't be trusted.
 
Also, salary is only one element of your remuneration package, an 8% salary increase for a nurse isn't as good as an 8% pay rise for teachers as nurses pensions are nowhere near as good.

Op sounds like a communist and shouldn't be trusted.

They probably consume the same amount of biscuits everyday though.
 
Also, salary is only one element of your remuneration package, an 8% salary increase for a nurse isn't as good as an 8% pay rise for teachers as nurses pensions are nowhere near as good.

Op sounds like a communist and shouldn't be trusted.

The teachers pension & nhs pension will be quite similar tbf
 
I opened this thread thinking it was regarding a universal credit benefit increase, obviously misread but will offer a potentially contravertial opinion anyway.

As far as I'm aware, there has been no increase in universal credit entitlement in the last 3 or 4 years, barring the temporary uplift of £20 per week which was revoked a while ago. I did a calculation a few weeks back just on the off chance I found myself out of work and my entitlement as a 30 year old single male in rented accommodation was £670pcm. I'm in council accommodation so fortunately me rent is low. Let me do a quick breakdown of costs:

330 rent
100 Council tax
180 energy costs
35 water
26 broadband
29 phone contract
120 food.

This comes to roughly £800pcm for absolute essentials.

These are my absolute costs / expenses per month and there are a few more what would be considered "luxuries". My question is this, how on earth can someone who is out of work afford to live in the current cost of living crisis? The universal credit benefit amount needs to be increased significantly to allow the some of the lost vulnerable / worse off citizens to have any decent opportunity of life.

I know there's generally hatred towards those claiming benefits but in this day and age there are various amounts of circumstances that lead to people really having no other choice. I for one am appalled at the way in which this government have continuously treated the worse off in out society.
They wouldn't cope with the costs , they claim it and do cash in hand work on top .
I know loads who do that
 
The teachers pension & nhs pension will be quite similar tbf
They are.
Private sector 7.2% average. The vast majority of public sector would accept that.
I'm sure they would. I doubt they'd trade the pension deal they get though.
Also, salary is only one element of your remuneration package, an 8% salary increase for a nurse isn't as good as an 8% pay rise for teachers as nurses pensions are nowhere near as good.

Op sounds like a communist and shouldn't be trusted.
It would certainly be fairer if the employer pension contribution was included in the comparisons. It won't be in the media nor by the people getting the great pensions though.
 
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So everyone gets a pay rise and then taxes rise.

Am I better off?
Depends, I don’t think everyone in the NHS would be when mandatory pension contributions are taken in to account
Think matching inflation is right. Ultimately this is about ensuring people are not worse off due to inflation, something the government is accountable for managing.

Above inflation would suggest their role has become worth more. If this is the case pay could be increased on that basis, or if the opposite if that was the case.
Supply and demand would factor heavily on wage and value too, currently nurses and social workers can leave and be guaranteed another job where they will get paid more or/and get a welcome bonus.
Certain kids don't go to school and certain people can't have healthcare?
Don't increase the demand until we've worked out the supply for one
Demand is difficult to control and in social care and health the only way to control demand is to create stricter eligibility criteria. That should alleviate pressure at point of service but just leaves lots more people without a service and the negative consequences of that are potentially felt across other services like A and E, voluntary sector etc as well as the overall societal and economic consequences.
 
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Depends, I don’t think everyone in the NHS would be when mandatory pension contributions are taken in to account

Come off it man. You can opt out.

there is currently an issue i believe that the contribution bands don't rise by the same rate as pay rises, so if your salary is on the borderline, you could end up worse off after a pay rise. If that was sorted out then they would be.
 
They are.

I'm sure they would. I doubt they'd trade the pension deal they get though.

It would certainly be fairer if the employer pension contribution was included in the comparisons. It won't be in the media nor by the people getting the great pensions though.
A lot don't realise how good they can be.

Think I managed to talk my mate out of leaving his final salary council pension to save £100 and coppers.

Was about £500 a month I'd have to put away to get anywhere close, then still not guaranteed.
 
They are.

I'm sure they would. I doubt they'd trade the pension deal they get though.

It would certainly be fairer if the employer pension contribution was included in the comparisons. It won't be in the media nor by the people getting the great pensions though.

Think the only time employer pension contributions are mentioned is by the tax payers alliance when it comes to council CEO's as they have to report them in the accounts
 

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