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minimum wage to be lowered :(

pavilion Avatar
9y, 5m agoPosted 9 years, 5 months ago
all talk at the min -

http://news.bbc.co.uk/1/hi/northern_ireland/6914470.stm

applies to - N.I , Scotland, Wales and the north east of England
pavilion Avatar
9y, 5m agoPosted 9 years, 5 months ago
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#1
Don't let Admin read that...the mods do enough work as it is for no pay (allegedgly)...
if this goes ahead they'll have to pay him to stay on!!?!?
banned#2
what! with high inflation the min wage should be going up not down! This is going to be really bad, how are people supposed to pay mortgages with the high interest rates at the mo. I cant see this happening there would be too much opostion against it. :x
#3
Not wishing to rub it in, But thankfully its still going up in the IOM.

Thats a disgrace if they do lower it in the UK though :x .
#4
yes but ur going to get a extra weeks holiday and bank holidays
#5
hothothot
This is going to be really bad, how are people supposed to pay mortgages?


For once I'm NOT taking the p#ss but in truth, with house prices the way they are how many people on min wage can get a mortgage ?!?!
#6
CHARLIETHIRTYTWO
For once I'm NOT taking the p#ss but in truth, with house prices the way they are how many people on min wage can get a mortgage ?!?!


In south england there isn't a chance, But up in the Northern quarters, Houses/flats are still very cheap, So you'd probably be able to get a mortgage 5x your wage and buy a flat etc.

Not many companies would probably loan you the money on minimum wage, But i'm sure there a some that would.

(If not less money still affects paying rent etc.)
banned#7
I get paid less than the current min wage anyway because im under 18
1 Like #8
CHARLIETHIRTYTWO
For once I'm NOT taking the p#ss but in truth, with house prices the way they are how many people on min wage had got a mortgage ?!?!


Good point. Over £100,000 for the ave house = £650 p/month = £7800 p/year.

Min wage = £5.35 p/hour

@37.5 hrs p/week = Yearly take home pay of £8978.88

- £7800 mortgage payments = £1178.88

- council tax @c£800 (if you are lucky) = £378.88

- gas bill @c£30 p/month (if you are lucky) = £18.88

- elecricity bill @c£30 p/month (if you are lucky) = £-341.12

- water bill @c£200 p/year = £-541.12

- TV licence @£135.50 = £-676.62

- food @£20 a week (if you don't eat much!) = £-1716.62

So according to my calculations, you will have -£1716.62 to live on....hmmm.
#9
Foxy102
Good point. Over £100,000 for the ave house = £650 p/month = £7800 p/year.

Min wage = £5.35 p/hour

@37.5 hrs p/week = Yearly take home pay of £8978.88

- £7800 mortgage payments = £1178.88

- council tax @c£800 (if you are lucky) = £378.88

- gas bill @c£30 p/month (if you are lucky) = £18.88

- elecricity bill @c£30 p/month (if you are lucky) = £-341.12

- water bill @c£200 p/year = £-541.12

- TV licence @£135.50 = £-676.62

- food @£20 a week (if you don't eat much!) = £-1716.62

So according to my calculations, you will have -£1716.62 to live on....hmmm.

you forgot you have to get to work too so count in transport costs
#10
hothothot
I get paid less than the current min wage anyway because im under 18


Yeh and me, I'm on £3.85 and £4.00 (morning, shop work), £5.25 sunday morning. :/
#11
jasonrat
you forgot you have to get to work too so count in transport costs

Foxy102 is also apparently going to work naked??!?!
(Poledancing or lifeguard at a nudist colony??!?)
#12
jasonrat
you forgot you have to get to work too so count in transport costs


£2 bus fare everyday (possibly the cheapest form of transport) = £480 p/year (assuming 48 weeks work) = £480 - -£1716.62 = -£2196.62.

My figures also do not take into account any b/day or chrimbo presents you may want to buy, and also going out etc...
#13
CHARLIETHIRTYTWO
Foxy102 is also apparently going to work naked??!?!
(Poledancing or lifeguard at a nudist colony??!?)


If you are on that money, McDonald's will supply the uniform...:whistling:
banned#14
jamesterror
Yeh and me, I'm on £3.85 and £4.00 (morning, shop work), £5.25 sunday morning. :/


you get more for sunday :w00t: I get the same whatever day
#15
i didnt know people worked up north
#16
;-) :whistling: :giggle: :w00t:
#17
jasonrat
i didnt know people worked up north


pure cheekyness :giggle:
#18
Labour government. Say no more. Glad I don't work :p

And no i'm not on benefits either.
#19
Whats the average wage in Britain? Cos I think even people on average wage will struggle to get by as well.
#20
While searching for cheap property in the north I found this : http://www.findaproperty.com/displayprop.aspx?edid=00&salerent=0&pid=194621&agentid=01591

Bargain!!!!!
#21
Iom-RF
While searching for cheap property in the north I found this : http://www.findaproperty.com/displayprop.aspx?edid=00&salerent=0&pid=194621&agentid=01591

Bargain!!!!!


Thats my house!! I had it on sale in the forums here but I was only offered £4,000 off you bargain hunters :whistling:
#22
Iom-RF
While searching for cheap property in the north I found this : http://www.findaproperty.com/displayprop.aspx?edid=00&salerent=0&pid=194621&agentid=01591

Bargain!!!!!



its in Blackley. m8 its bad in Blackley if they cant nic your car then they will set it on fire thats y that house is so cheap :giggle:
#23
pavilion
its in Blackley. m8 its bad in Blackley if they cant nic your car then they will set it on fire thats y that house is so cheap :giggle:


Still, for that price, id take my chance.
#24
i know its cheaper to live up north - until last month i lived in the north east all my life but lowering the minimum wage is going to hurt a lot of people.

these days youre better off on benefits and not getting a mortgage, just get the council to pay rent.

im 26 and ive never gotten, nor want to get on the property ladder. why own your own house, you cant take it with you - it just ties up your money.
#25
stingersplash
i know its cheaper to live up north - until last month i lived in the north east all my life but lowering the minimum wage is going to hurt a lot of people.

these days youre better off on benefits and not getting a mortgage, just get the council to pay rent.

im 26 and ive never gotten, nor want to get on the property ladder. why own your own house, you cant take it with you - it just ties up your money.


Yes and no, if you are single you will get a max of £55 a week towards rent, but in some regions you would get £40 so if your rent is expensive(which a single mum I know rents a 3 bedroom house for around £600 a month) benefits dont pay for it all. She actually had to cut down her hours at work by 8 hours as working over 12 hours meant she lost her housing benefit, so she was worse off so what you are saying is part right.
#26
less tax to pay i guess

(in terms of volume rather than proportion)
[mod]#27
[quote=stingersplashim 26 and ive never gotten, nor want to get on the property ladder. why own your own house, you cant take it with you - it just ties up your money.[/quote]

Not really, i'm 31 and got on the property ladder at 18, my mortgage is a lot cheaper than rent plus this house is worth far more than i paid so it's a good investment. Property markets fluctuate, the time will come again when it will be possible for people to get on the ladder.
#28
I'm surprised, politics/election wise, they're doing this, but saying that Wales/Scotland and NI are lost to Labour anyways no?

So sacrifice NE England for economy? still poor.

But then would the rest of the nation tolerate South East/West & North West getting minimum wage premium over rest of the UK?
[mod]#29
This is only a think tank report.........it's not actually been taken up by any particular party yet and i very much doubt it will. :thumbsup:
#30
Syzable
This is only a think tank report.........it's not actually been taken up by any particular party yet and i very much doubt it will. :thumbsup:


I expect your're right politics wise it's too damaging.

But IMO, all the people on the national minimum wage in London are living in poverty considering the cost of living there, I'd be surprised if something wasn't done there, it doesn;t have to be minimum wage rise, but other incentives, tax breaks etc.
#31
just something I found out on my travels. Do you know that n Latvia a lot of people work for 99p an hour, less in some cases.
It makes us very desireable for eastern european workers who can earn 5 times their normal wage in a week.
For some peope any drop in minimum wage would get picked up in benefits, although so do any raises. With an election not too far away I just can't see any party going for a reduction though, unless they are also planning to bring the poll tax back as well.
#32
I think the minimum wage is quite high when combined with other handouts that most people seem to be collecting as well. Of course for some it is just tough but you will always get a few.
#33
davelfc
just something I found out on my travels. Do you know that n Latvia a lot of people work for 99p an hour, less in some cases.
It makes us very desireable for eastern european workers who can earn 5 times their normal wage in a week.
For some peope any drop in minimum wage would get picked up in benefits, although so do any raises. With an election not too far away I just can't see any party going for a reduction though, unless they are also planning to bring the poll tax back as well.

But our cost of living is likely to be 5 times theirs!I don't know this for fact by the way,just summising.
[admin]#34
Iom-RF
In south england there isn't a chance, But up in the Northern quarters, Houses/flats are still very cheap, So you'd probably be able to get a mortgage 5x your wage and buy a flat etc.

Not many companies would probably loan you the money on minimum wage, But i'm sure there a some that would.

(If not less money still affects paying rent etc.)


House prices in Cheshire & the Lake District are amongst the highest in the country :thumbsup: You're right though, there is still a general North South divide..:)
#35
hothothot
I get paid less than the current min wage anyway because im under 18


same here - plus im an apprentice!
[admin]#36
bazr
But our cost of living is likely to be 5 times theirs!I don't know this for fact by the way,just summising.



http://www.holidayproperty.org/images/2/large/VT%20303_01.jpg

Yep- this house for example is 9500 euros, or about £6500...

I think the point that he was making was that EU workers can come to England and work as labourers etc and employers are happy to take them on as they don't argue about their rate of pay. It's too easy for EU workers to get jobs in this country, and it means unskilled British citizens can be overlooked.
#37
Having my time again I would not have gone in for a mortgage,interest rates going up, cost of living increasing.How on earth can young first time buyers get on the ladder without crippling them financially. I bought my house about 6 years ago for 61k and i thought that was expensive! Its now worth 135k however I couldnt move as i could not afford the prices! I know they say renting is dead money but its less stressfull! Ive just forked out over 1.5k for a sewerage problem fortnight ago! Had this been council property they would have been responsible!Its a joke so id say to anyone thinking of buying WAIT! Stay living with ya folks! I wish i did!!
[admin]#38
in$anity
same here - plus im an apprentice!



Hubby was an apprentice electrician and was only on £1 an hour back then :w00t:

He earns good money now though so it'll be worth it in the long run for you :)
#39
juliet_bravo
House prices in Cheshire & the Lake District are amongst the highest in the country :thumbsup: You're right though, there is still a general North South divide..:)


Yeah, there are a few nice places in the North...........................:giggle: :p



(I'm joking BTW!!! :) )
#40
Toybhoy
Whats the average wage in Britain? Cos I think even people on average wage will struggle to get by as well.


That's a very good question! I've just landed a great new job and consider myself a 'salaryman' now (at 23 years of age) and yet I'd need to either save up for half a decade to even afford the 10% deposit or take out a 100% mortgage and pay well over £1000/month!

Oh, btw: I live in Brighton so prices here a joke! :thinking:

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