The spring Budget

[localzuk]

As much as those arguments make sense, they don't counter the simple fact that it isn't really someone else's job to interfere with what you do with your money. Sure, your employer has paid into it, but that's neither here nor there - they have no control over it.

 

Personal finances are just that, personal.

[sparkeh]

As much as those arguments make sense, they don't counter the simple fact that it isn't really someone else's job to interfere with what you do with your money. Sure, your employer has paid into it, but that's neither here nor there - they have no control over it.

 

Personal finances are just that, personal.

Sure, and I'm not saying that I don't agree with you.

However there is a lot of positive reaction to this move in some quarters without fully understand the potential consequences.

 

On a different note, I see that our pay increase cap of 1% is now applied to 2015-16 and that the LGA has indeed offered 1% for this year.

[localzuk]

On a different note, I see that our pay increase cap of 1% is now applied to 2015-16 and that the LGA has indeed offered 1% for this year.

 

Yup. Which means we actually get a 1% cut, when you take inflation into account.

[zag]

Yup. Which means we actually get a 1% cut, when you take inflation into account.

 

Your beginning to sound like a union haha

 

A 1% pay rise is 1%, its not a cut or a tax

 

I'd be happy with 1%!!

[localzuk]

Your beginning to sound like a union haha

 

A 1% pay rise is 1%, its not a cut or a tax

 

I'd be happy with 1%!!

 

It may be an increase of money in the pocket, but in real terms, as spending power, its a 1% cut.

[zag]

It may be an increase of money in the pocket, but in real terms, as spending power, its a 1% cut.

 

I came into education from a private company where you had to earn your payrises, this attitude makes me sad about the world

[localzuk]

I came into education from a private company where you had to earn your payrises, this attitude makes me sad about the world

 

The attitude that a cost of living increase in line with inflation should be earned extra makes me sad. Does our time reduce in value as time goes on then?

[Andrew_C]

where you had to earn your payrises,

That's fair, but it is quite reasonable to expect your pay to remain at the same "spending power", inflation linked.

 

If you want to move up the payscale you have to do more, or different, work.

[PotNoodleTech]

I came into education from a private company where you had to earn your payrises, this attitude makes me sad about the world

 

Bankers and Footballers make me sad about the world.

[flyinghaggis]

Another side effect of this (again evidenced in other countries) that retirees plough their cash in to the buy to let market and further inflate the housing market making it harder for first time buyers which is the last thing we need at the moment.

 

I'd agree. You have to think by the time most people get to 60-70 they'll be extremely cautious with their retirement fund and are unlikely to squander it on expensive cars and luxury goods. I think given the current record low interest rates and annuity levels we're likely to see quite a fair share of pension money ending up in the property market which is only going to further inflate the bubble.

[Andrew_C]

Yup. Why would they trust the banks, or a bunch of yuppies, to look after their saving?

 

Buy bricks & mortar.