Inflation is now 3.8%!!!!!

[Emily]

Most local public sector in London are striking on the 16th and 17th July.....they were right to reject a meagre inflationary rise back then in April of 2.45%

This ignominious Chancellor is saying pay restraint should be exercised so inflation don't get out of hand,but guess what the BOE boss was offered 100,000k payrise!!

Closer to the IVA,I hope creditors are more generous on I/E reviews as the dark days are getting darker.

The FSTE is now nearly at 5k mark an all time low since 2006....RBS one of the sstrongest UK Banks its shares are at 1.66p??????. Americans are predicting more depository Bank failures..they are listing them to bet against to make money - metaphorically a pitbull fight scenario.

This has shook the confidents and ebb in the business world.Another monetary crisis in the malign markets in the making....it is said it is a the second leg of the credit crunch.

It is no longer subprime debts...its main stream debt that is hitting the fan.

[animaleyes76]

One thing annoyed me about the public workers demanding a "very reasonable 6%"

They speak like pay rises are obligatory, they are not. They should be used to reward achievement and good work.

i don't disagree that real inflation is FAR higher than the stats provided and the fact that big chiefs seem to be continually give high rises. However, you look at 100k and the % it amounts to on their pay probaby isn't that great.

Without sounding harsh... and i know i will prob get "canned" for this statement. If you don't like the terms of your employment, find another job. It's not really difficult. There are jobs everywhere.. even now!

I do appreciate that not everyone can do this but i object to public services being pulled as a result of what basically tantamounts blackmail to the general public. If the private sector did the same the public (probably those public sectior workers) would be up in arms. Difference is the private sector would get rid of people that went on strike.

There are too many, pointless, unnecessary jobs in the public sector all created by our friend Gordon Clown to make labour look great. The chickens have come home to roost...

If everybody got a nice 6% payrise inflation would rocket.... Simple economics..

[Angleparkinn]

If I had to get a job everytime I did`t like the terms I would never have HAD a job.[:p]

[kallis3]

It's not just London who are striking. I think a lot of places are. We have had an email today advising Unison members that we have not been balloted on strike action, and so cannot strike (I wasn't going to anyway!) and that we must cross picket lines.

It's our recycling day tomorrow at home, so I suppose that will have to wait for another two weeks for collection.

[janderson]

Hi All

I disagree with these comments about public sector workers.


John

[debbie.s]

I work in the private sector and we never get more than 2.5% payrises. We can't retire until we are 65 and our pensions are not final salary schemes. Most staff in our business are on the minimum wage. If we go on strike we will be sacked.

[michael.t47]

i cannot support the public sector workers anymore. my pension is no longer final salary.
i do not get above inflation pay rises.
yet i pay for their pay rises and pensions

[michael.t47]

let them strike, it will save my taxes

[Angleparkinn]

let them strike, it will save my taxes

Yeh cause they don`t pay any.

[michael.t47]

they wont if they striking an not earning

[janderson]

Hi Again

I had my comments changed because they might upset the sensitive, my wife works for our local authority and is not striking because she is not willing to lose two days pay. However she fully understands the sentiments of the union members and it is very annoying to have local government workers attacked and berated as lazy, useless and non payers of taxes. They are highly commited individuals providing crucial front line services ofeten tolerating aggresive and abusive members odf the public for low pay.

Using the private sector as the bastion of all things good is not necessarily true to the reality either, I have worked in both and have seen many examples of bad practice in the private sector.


I will end there before i lose my membership.


regards

john

[michael.t47]

i a union member and a rep but do not agree with with you

[Soulgrowth]

John ... it's important to be able to put your point across ... so don't feel bad. There is always two sides to everything [:)]

Everyone is going to find the coming weeks and months a struggle and I agree with Emily in the hope that creditors are going to acknowledge this and make allowances ... otherwise we are going to have a lot of failing IVAs.

Debbie

[kallis3]

I'm a public sector worker as well, but we have not been balloted and so cannot go out on strike. I wouldn't go out anyway as I cannot afford to lose the money.

I imagine that I will be offered a 2 1/4 percent payrise this year, and I doubt if we will get anymore even if a strike is on the cards.

Michael, I would just like to say that I also contribute to my pension as well as my employers contributing.

[Moneystinks]

Me too - same as Kallis.