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Don't get old in Armenia is the takeaway from that!
Don't get old in Armenia is the takeaway from that!This is from a financial advisor's website so unsure on real source. State pensions across Europe:
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On the flip side, my ex worked for the NHS. They paid her fees to go to Uni for 3 years, she continued to get her salary and they had to pay for someone to cover her for 3 years.Been saying for years there should be a bursary and/or refund system for tuition fees for certain subjects and jobs as part of a wider industrial strategy.
For certain public sector jobs ie teachers or nurses it could be part of an agreement to gradually write off tuition fees after years served. More years you serve in public sector, more written off
I think there is already some support for nurses but more just grants/bursary, no tie in which doesn’t make sense to me
At least they will find it difficult to do anything about the two child benefit cap. Won’t be able to blame the unfounded cost pressures on the Tories.It is austerity. They backed themselves into a corner on tax, all that’s left is austerity. Should have just reversed the NI cuts really.
On the flip side, my ex worked for the NHS. They paid her fees to go to Uni for 3 years, she continued to get her salary and they had to pay for someone to cover her for 3 years.
There was absolutely nothing in place to say she had to work a single day for NHS after completing the degree.
I wonder why pensions are so many multiples of cost of living in Luxembourg? EU?This is from a financial advisor's website so unsure on real source. State pensions across Europe:
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I wonder why pensions are so many multiples of cost of living in Luxembourg? EU?
Because the Luxembourg government chooses to pay pensions that highly is the only reason, it's state pension so nothing to do with the EU.
The UK government chooses not to pay pensions and instead chooses to spend a lot more money treating ailments associated with poor health and poor standards of living for some old people.
It chooses to give some old people the illusion of wealth through property inflation rather than actual money.
Because the Luxembourg government chooses to pay pensions that highly is the only reason, it's state pension so nothing to do with the EU.
The UK government chooses not to pay pensions and instead chooses to spend a lot more money treating ailments associated with poor health and poor standards of living for some old people.
It chooses to give some old people the illusion of wealth through property inflation rather than actual money.
Interesting comparison with Spain. NHS pension contributions by employees is 5.2% to 12.5% and employers is 23.7%. Certainly don’t receive anything approaching 81% of gross annual salary.I think it’s a bit more complex than that. I’m not sure about luxumborg specifically but with other nations employees and/or employers are required to pay more into the state pension pot over the employees working life. This would impact their take home pay during their career
We now have compulsory private pensions with companies having to pay in set amounts and contributions matched (this amount should be rolled into the state pension comparison really as it’s compulsory). I believe our standard company pensions are higher than some and also don’t know what countries tax reliefs are on employee contributions. we also know public sector workers have excellent private pensions
How Much is the UK State Pension Compared? | Profile Pensions
The UK state pension gives valuable peace of mind that regardless of any other pension arrangements. But how much is it when compared to the rest of the world?www.profilepensions.co.uk
an example…
‘Pre-tax rates for the full pension in Spain are more than 81% of the gross annual salary, the highest rate in Europe. Pensions are funded by contributions from both employees (4.7% of salary) and employers (23.6% of a worker’s salary). Self-employed people must pay all of their contributions’
I’m not saying ours are great but comparisons are not always like for like and everything needs to be taken in the round. As you say many pensioners have built up value in their property rather than maybe paying into a pension, the equity of which can be released later in life
Interesting comparison with Spain. NHS pension contributions by employees is 5.2% to 12.5% and employers is 23.7%. Certainly don’t receive anything approaching 81% of gross annual salary.
If so, you would have to add NI contributions, employee and employer, to the numbers I quoted.I suppose you roll state pension and nhs pension together though to make a fairer comparison. I was just saying the structure of pensions, contributions etc appears different in every nation
I thought it would be some one stole my light tonight. Didn't they!!And it seems to me, I'll live my life, with a candle for my light
I think they mean "cut for the first time since Liz Truss's barking mad budget". It was rolling along nicely at less than 0.5% for years before that
Interest rates cut 'important moment', says Bank of England boss
The Bank of England cuts borrowing costs from 5.25% to 5% in the first drop for more than four years.www.bbc.co.uk
It was only a matter of minutes from this being announced to the first article I saw that was 'of course this won't mean mortgage rates will come down'. Always the same with anything, quick to go up, slow to come back down.I think they mean "cut for the first time since Liz Truss's barking mad budget". It was rolling along nicely at less than 0.5% for years before that
Interest rates cut 'important moment', says Bank of England boss
The Bank of England cuts borrowing costs from 5.25% to 5% in the first drop for more than four years.www.bbc.co.uk
Savings rates on the other hand will come down today !It was only a matter of minutes from this being announced to the first article I saw that was 'of course this won't mean mortgage rates will come down'. Always the same with anything, quick to go up, slow to come back down.
It will they already did in advance of to this, on New borrowing anyway!It was only a matter of minutes from this being announced to the first article I saw that was 'of course this won't mean mortgage rates will come down'. Always the same with anything, quick to go up, slow to come back down.
Already had that email about my savings account!Savings rates on the other hand will come down today !
This is what happens when bean counters are allowed to have too much influence.This doesn't seem a great way to promote tech investment and push for growth
Government shelves £1.3bn UK tech and AI plans
The future of a number of major products - including a new UK supercomputer - are now in doubt.www.bbc.co.uk
This doesn't seem a great way to promote tech investment and push for growth
Government shelves £1.3bn UK tech and AI plans
The future of a number of major products - including a new UK supercomputer - are now in doubt.www.bbc.co.uk
Much more from 2010 onwards needs repealing than just that, but it’s a start. I do trust Rayner on this if she’s allowed free rein over it.
Much more from 2010 onwards needs repealing than just that, but it’s a start. I do trust Rayner on this if she’s allowed free rein over it.
I was reading that the right to strike isn’t enshrined in UK law.Much more from 2010 onwards needs repealing than just that, but it’s a start. I do trust Rayner on this if she’s allowed free rein over it.
It got lost in everything else, but I meant to say that I’m no fan of Reeves as you know, but she had the good sense to recognise that not giving teachers the pay deal would be a lot more costly than doing so.I do believe your prediction was they wouldn’t repeal anything. Agreed a good start.
The 2023 legislation is especially egregious, but there have been several rounds of anti union laws passed since 2010. As a minimum, all of these need to be repealed.I was reading that the right to strike isn’t enshrined in UK law.
It got lost in everything else, but I meant to say that I’m no fan of Reeves as you know, but she had the good sense to recognise that not giving teachers the pay deal would be a lot more costly than doing so.
It also stands to reason that actually talking to unions and coming to the table with them leads to strike action getting sorted much sooner.Im not a fan, but this base level of competence it what you get from any Labour chancellor as they aren’t beholden to mental ideology.
Very true. Capitulation sorts strike action out really quickly.It also stands to reason that actually talking to unions and coming to the table with them leads to strike action getting sorted much sooner.
Coincidentally, the union I'm in is going to ballot us for strike action in the next few weeks.It also stands to reason that actually talking to unions and coming to the table with them leads to strike action getting sorted much sooner.
Very true. Capitulation sorts strike action out really quickly.
Train drivers next.
What you call capitulation, I would call negotiation.Very true. Capitulation sorts strike action out really quickly.
Train drivers next.
What was the compromise with the junior doctors, for example? More productivity?It's hardly 'capitulation' to settle a long term dispute with a compromise, especially where the costs to everybody of the dispute continuing accumulate.
It's funny really, Tories agree with the idea of the market setting the price of goods and services until it's the labour market.
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