Wage inflation ...

[NoddY]

... is lower than 'real' inflation, hence the value of work falls.

http://www.telegraph.co.uk/money/mai...6/cnbpay26.xml

Trust Labour to lower the value of labour.

So the monetary system is used to control the proles - well done Marx, your critique of capitalism was spot on.

[vetran]

So the Poles control the Proles?

[bobhope]

IT contractors' incomes have been falling (in real terms) since 2000. We're just trend setters.

[milanbenes]

from the same article, more evidence of the economic miracle...

'The Institute of Directors' latest business opinion survey shows 44 per cent of respondents reporting an acceleration in pay growth since December against the background of growing confidence about the economic outlook. The survey shows expectations about the growth in profits are the highest for seven years. ',


nobody can deny that we have had economic stability and sustained earnings for the last ten years, a massive achievement for any chancellor

you lot need to wake up and small the coffee and be grateful for the excellent economic situation your government has architected for you.


Milan.

[Captain Dispensable]

Just like all those who reconsolidate their debts over 25 years have reduced their debt.

Or how people are better off because their house has risen in value so they remortgage to release equity.

Or how 0% credit is free money.

And how all this debt is propping up the economy.

All smoke and mirrors.

[milanbenes]

Captain,

aside of everything you mention, the product of what you mention is that big business is doing well and therefore spending on IT which keeps parasites like you me in work - which in my book is not a bad thing.

Long may the economic miracle continue.

Remember, in life there will always be winners and losers, for once, our lot are on the winning side, enjoy it while it lasts, because in the next economic cycle we may be on the losing side.

Milan.

[Captain Dispensable]

But brownstuff's mantra is "give with one hand and take away with the other".

At the moment he's giving but I'm wary of what else he may come up with to try to do the taking, seeing as IR35, IR36, and all the other measures haven't taken everything just yet.

Your right though, certainly make hay but don't squander it thinking it will always be this easy or lucrative, or indeed that all that hay is really yours, you might just be storing it for the tax man.

[wendigo100]

But brownstuff's mantra is "give with one hand and take away with the other".

At the moment he's giving ...

Eh? How? Where?

I seem to recall that his last budget was neutral at best.

[milanbenes]

understood,

however, poor Gordo has to do his best to please everyone, and if he simply let us make hay without appearing to be persecuting us it wouldn't look fair in the eyes of the masses

therefore we have to play the game, take our fruit in one hand and accept the 'punishments' for the unfairness of our game with the other hand

it's all a game, we have to take a step back and see how good we have things and accept that in the eyes of fairness the _party_ have to chase us a bit

what's the minimum wage, what's the average wage, how much do we make, and how long have we had a sustained environment in which to milk the situation ? it's not so bad is it ?


Milan.

[wendigo100]

It was "neutral" for those who earn more than £18k...

Oh.

I thought the poor were worse off, because they lost the lower tax band. In which case the budget would be a bit on the "take" side, wouldn't it?