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| Unemployment below 2 millon | |
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| Topic Started: Oct 15 2014, 09:03 AM (1,917 Views) | |
| papasmurf | Oct 15 2014, 09:03 AM Post #1 |
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Unemployment below 2 million BUT:- http://www.bbc.co.uk/news/business-29627831 However, the number of people classed as economically inactive, including students, long-term sick and those retiring early, increased by 113,000 in the quarter to more than nine million. The number of self-employed people dropped by 76,000 in the latest three-month period to 4.5 million, but the total is 279,000 higher than a year ago. And the number of employees in part-time jobs has reached a record high of 6.8 million. |
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| papasmurf | Oct 25 2014, 12:48 PM Post #201 |
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Well that lets me out, it will be a happy day for me when the last politician is strangled with the entrails of the last priest. |
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| Stan Still | Oct 25 2014, 04:37 PM Post #202 |
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You will be under the soil long before that happens, there will always be Priests Politicians and miserable whingers in this world and if there is one the next one. |
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| Tigger | Oct 25 2014, 05:58 PM Post #203 |
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Pensions never used to be a gamble and they should not be today end of, you'd shit yourself if you knew the levels of protection pensions have on the continent. Of course you only remember the Brown tax raid on pensions, but the rot set in after the deregulation of the City under Thatcher, prior to this pensions were protected by very strict rules and regulations, we had no misselling (fraud) and fund managers were licensed and audited. All this was swept away, we were promised untold riches as companies would be allowed to invest pension money in the business, ie money that up to then they could not legally touch, the first inkling of this disasterous policy was Robert Maxwell spunking his employees pension fund. Did the Tory government of the day change anything? Of course not they allowed more deregulation! The reason many will be poor in retirement is due to your mates in the City, the next biggie will be the ripping off of those who will shortly be handing over their recently liberated annuities to wide boys with few morals who will "invest" this money in cocaine and prostitutes. (probably) But I suspect you already knew all of that.
Edited by Tigger, Oct 25 2014, 06:01 PM.
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| Curious Cdn | Oct 25 2014, 10:10 PM Post #204 |
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Is unemployment really under two million or just the number of people who are still looking for work? It's not the same group or number. |
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| Affa | Oct 25 2014, 10:56 PM Post #205 |
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I don't think unemployment figures are taken seriously these days. It was once an accurate reflection of how well, or how badly the economy was doing - not any longer. With people working PT, people on minimum wage yet entitled to a benefit top-up, people on zero hour contracts, and people declaring themselves 'self employed' there is no reliable guideline, as was. Politicians manipulate stats for political effect ....... I have little faith in any of them. The one stat I do take note of is that 'a few years ago anyone on average wages would likely consider themselves as being well off - that is no longer the case'. Being in work these days no longer means earning a living. |
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| RJD | Oct 26 2014, 07:13 AM Post #206 |
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Prudence and Thrift
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It is the number who claim they would like to find a suitable job. |
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| RJD | Oct 26 2014, 07:15 AM Post #207 |
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Prudence and Thrift
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But the opposite is true. If you are fit and able and not working you are not earning a living or contributing towards such. |
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| papasmurf | Oct 26 2014, 07:40 AM Post #208 |
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The problem is RJD someone in work on low wages has entitlement to in work benefits that are more than if they were out of work. That is also why the income tax take is dropping, even allowing for rises in allowances. |
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| Lewis | Oct 26 2014, 08:09 AM Post #209 |
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The most overarching problem is the low pay endured by more than a fifth of the UK populous. I'm afraid you will get short shrift of these people if you try to peddle the yarn that the economy has improved. If there has been any improvement? What good is it if it bypasses the people who need extra money now. A bit like Scammer's pretend tax cuts, for the lower paid, all talk and not one based in reality. http://www.bbc.co.uk/news/uk-politics-29771470 |
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| Stan Still | Oct 26 2014, 08:43 AM Post #210 |
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Wrong again I don't have any mates that work in the City and yes I know where they are and work unlike you, we did have the strongest pensions in Europe until Brown a history degree holder not an economist or financier came along desperate for cash years after Thatcher had left office. Perhaps you should consider why Labour raided the pension funds and did not correct any mistakes or right any wrongs made by the Tories over 13 long years in office, they are after all supposed to be the saviours and champions of the working man. Yes I regularly open my bowels and when I do for some unknown reason I always think of you and your rambling EU arse licking posts |
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| disgruntled porker | Oct 26 2014, 08:54 AM Post #211 |
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Older than most people think I am.
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Stan, you call Browns qualifications in economics. What about Osborne's? No problems with that one I imagine? |
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| Stan Still | Oct 26 2014, 09:02 AM Post #212 |
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I do not like him either I have no fondness for any Politician in this day and age I don't trust any of them, as I have said often I have no allegiance to any party |
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| Stan Still | Oct 26 2014, 09:09 AM Post #213 |
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Income Tax revenue for 2012 to 2013 was 1.4 billion higher then the year before not less, more workers are now paying higher rates of tax. |
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| C-too | Oct 26 2014, 09:37 AM Post #214 |
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The increase in tax take, as shown on the old board, was down to increased prosecutions by HMR and their closing of some tax loopholes. Edited by C-too, Oct 26 2014, 09:39 AM.
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| papasmurf | Oct 26 2014, 09:46 AM Post #215 |
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Don't you follow current affairs? http://www.ft.com/cms/s/0/63a4af34-52e5-11e4-a236-00144feab7de.html#axzz3HF63bSPR October 13, 2014 5:33 pm Income tax shortfall hits public finances |
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| Stan Still | Oct 26 2014, 09:51 AM Post #216 |
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Yes |
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| RJD | Oct 26 2014, 11:30 AM Post #217 |
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Prudence and Thrift
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Your conclusion is wrong. The income tax take from this group is nothing to do with benefits, it is solely due to a massive oversupply of low skilled unemployed people prepared to accept such low paid employment. The fact that this Gov. has increased the income tax threshold does not help. It has been shown, even during the recent recession, that the demand for educated, experienced and skilled people has outstripped supply and that is why their wage increases have been greater than the rate of inflation. Understand that the provision of in-work welfare benefits is a decision made by the State in order to combat the corrosive effects on such jobs by globalisation and are not demanded by industry and commerce. If the State removed such benefits and decided that the Employer should increase hourly rates to a minimum of the average wage for a man with wife and two kids then those jobs would simply disappear from the UK. Also understand that the situation will not improve, it will worsen over the next few decades at a time when we are asking young people, via their taxes, to carry a heavier burden of OAPs. At the same time, this selfish generation, are clobbering them with increased borrowings to fund current consumption. You doubt me now, but those of you young enough will rue the day that Politicians decided to bulk up borrowing and pass this down the line hence burdening them with a massive increase in interest costs. Cheap today maybe, but tomorrow? You also have to keep a weather eye on the fact that the portion of our national debt is growing rapidly with those outside of the £Sterling Zone and low value coupons coupled with a a sliding value of £Sterling wrt to the $US and/or Euro could rapidly change circumstances and force up the cost of borrowing to an unpalatable level. You will see that we should have cut out the overhang in 5 years and not relied in the pie in the sky increases in tax revenues to be created via a growth in consumption. |
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| papasmurf | Oct 26 2014, 11:35 AM Post #218 |
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It isn't my conclusion RJD, it is the Office For Budget Responsibility's conclusion. |
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| RJD | Oct 26 2014, 12:11 PM Post #219 |
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Prudence and Thrift
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No it is not, it is your bad interpretation. |
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| papasmurf | Oct 26 2014, 12:13 PM Post #220 |
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Actually it was one of your favourite comics interpretation of their interpretation. |
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| RJD | Oct 26 2014, 12:15 PM Post #221 |
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Prudence and Thrift
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You are free to back up your claims with facts. |
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| Boxter | Oct 26 2014, 05:14 PM Post #222 |
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Whilst the headlining figures on those in employment look marvelous it hides the fact that the total income tax take by the treasury over the same period has actually fallen. The reason none of the coalitions shiney new jobs pay enough for those employed doing them to fall into a tax paying bracket. ITS ALL AN ILLUSION |
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| papasmurf | Oct 26 2014, 05:31 PM Post #223 |
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You read the Torygraph so you can check for yourself. |
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| Curious Cdn | Oct 26 2014, 06:20 PM Post #224 |
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Regrettably, large numbers just "give up" and that skews the statistics. It happens here, too.. U.S. figures are really bent as about a quarter of their population lives totally outside of the "system" and literally tens of millions of chronically unemployed are never counted. Edited by Curious Cdn, Oct 26 2014, 06:20 PM.
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| Boxter | Oct 26 2014, 06:59 PM Post #225 |
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Oh well as long as Mr Manuel Barossow's bean counters believe that our prostitution and black economy have boosted our bottom line to record levels that's just dandy and he can cream off £1.7 billion of it to redistribute it to the ailing men of the EU like Germany for example (DID I JUST SAY GERMANY WHAT THE F**Ks GOING ON HERE) They even want another billion for next year ALREADY Oh well that what you get when you play second fiddle to a dyed in the wool Maoist Edited by Boxter, Oct 26 2014, 07:02 PM.
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