What recovery?

First published in Letters

THE Government’s latest economic figures tell us that despite there being more people in work, wages are still not keeping up with the cost of living. In the past rising employment was always followed by rising wages. However, this time it’s only those in the top 15 per cent that have seen their income increase – by a whopping 180 per cent in four years – whereas everyone else has seen their wages grow by a pitiful 0.3 per cent –down 0.9 per cent – with inflation running at 1.9 per cent. This shows that things are getting worse, as many are effectively suffering an annual pay cut of 1.6 per cent.

Latest figures also tell us that productivity is shockingly low, with eight million part-time workers looking for work full time. The Tories low-wage economy is a triple whammy; it’s bad for workers who have to claim in-work benefits and live in poverty; bad for the taxpayer, with in-work benefits now costing a staggering £80 billion a year, and it does nothing to pay down government debt as those on low wages earn so little they pay no tax.

No wonder Osborne has failed to eliminate the deficit and is now borrowing an extra £190 billion. One has to ask recovery, what recovery?

Cllr Nigel Dix Montclaire Avenue Blackwood

Comments (18)

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3:27pm Wed 30 Jul 14

Mervyn James says...

You won't be happy then, the Tories are due to up your rate of tax equivalent to what millionaires pay. Oh well the duck pond manor will have to go. One statistic we read today was that business in the UK defrauded the UK government out of £100B in tax avoidance dodges. even our much maligned disabled/unemployed benefit fraudsters could never manage that ! Not forgetting Lloyds Bank rigging interest rates too... I suppose all these fiddles enable them to buy good lawyers...
You won't be happy then, the Tories are due to up your rate of tax equivalent to what millionaires pay. Oh well the duck pond manor will have to go. One statistic we read today was that business in the UK defrauded the UK government out of £100B in tax avoidance dodges. even our much maligned disabled/unemployed benefit fraudsters could never manage that ! Not forgetting Lloyds Bank rigging interest rates too... I suppose all these fiddles enable them to buy good lawyers... Mervyn James
  • Score: 3

6:49pm Wed 30 Jul 14

pwlldu says...

Still better than what Labour had for us.
Still better than what Labour had for us. pwlldu
  • Score: -1

8:55am Thu 31 Jul 14

landyman3030 says...

People who live in glass house Cllr Dix, people who live in glass houses...
People who live in glass house Cllr Dix, people who live in glass houses... landyman3030
  • Score: 10

9:58am Thu 31 Jul 14

Nig says...

pwlldu wrote:
Still better than what Labour had for us.
Plaid the daffodil Tories ,
[quote][p][bold]pwlldu[/bold] wrote: Still better than what Labour had for us.[/p][/quote]Plaid the daffodil Tories , Nig
  • Score: -5

10:04am Thu 31 Jul 14

Nig says...

landyman3030 wrote:
People who live in glass house Cllr Dix, people who live in glass houses...
so you are happy that the richest 15% see their wealth grow while working people have a pay cut , £1600 worse off , you are happy to subsidize multi-national companies work forces to the tune of £80 billion a year and you are happy to see a growing defect , strange comment from ladyman
[quote][p][bold]landyman3030[/bold] wrote: People who live in glass house Cllr Dix, people who live in glass houses...[/p][/quote]so you are happy that the richest 15% see their wealth grow while working people have a pay cut , £1600 worse off , you are happy to subsidize multi-national companies work forces to the tune of £80 billion a year and you are happy to see a growing defect , strange comment from ladyman Nig
  • Score: -6

10:09am Thu 31 Jul 14

Nig says...

Mervyn James wrote:
You won't be happy then, the Tories are due to up your rate of tax equivalent to what millionaires pay. Oh well the duck pond manor will have to go. One statistic we read today was that business in the UK defrauded the UK government out of £100B in tax avoidance dodges. even our much maligned disabled/unemployed benefit fraudsters could never manage that ! Not forgetting Lloyds Bank rigging interest rates too... I suppose all these fiddles enable them to buy good lawyers...
if the Tories went after the millionaire tax dodgers who fund them they could have kept their promise to eliminate the defect , the £100b would have saved a lot of pain , the Tories are immoral.
[quote][p][bold]Mervyn James[/bold] wrote: You won't be happy then, the Tories are due to up your rate of tax equivalent to what millionaires pay. Oh well the duck pond manor will have to go. One statistic we read today was that business in the UK defrauded the UK government out of £100B in tax avoidance dodges. even our much maligned disabled/unemployed benefit fraudsters could never manage that ! Not forgetting Lloyds Bank rigging interest rates too... I suppose all these fiddles enable them to buy good lawyers...[/p][/quote]if the Tories went after the millionaire tax dodgers who fund them they could have kept their promise to eliminate the defect , the £100b would have saved a lot of pain , the Tories are immoral. Nig
  • Score: -5

10:32am Thu 31 Jul 14

mkaibear1 says...

Hey Nig, are you aware that the richest members of society are paying more (in both absolute and relative terms) under this government than under any other UK government in history? Far from being a "friend to the rich" they are taxing them more than your beloved Labour did.

One party presided over the lack of regulation which caused the financial crisis.
One party failed to fix the roof whilst the sun shone during the boom years, and created a massively increased structural deficit whilst the money was coming in.
One party claimed to have eliminated boom and bust and when the inevitable bust came let the economy collapse around us, leading us into the longest and deepest recession since the war.
One party left a note saying "There's no money left" as they walked out the door and into opposition.
One party shouted that there must be a plan B and that we couldn't survive the cuts proposed by government - and then was proved wrong by Britain being the fastest growing economy in the G7 (according to the IMF).

...Let Labour back in charge of the economy again? You must be joking.
Hey Nig, are you aware that the richest members of society are paying more (in both absolute and relative terms) under this government than under any other UK government in history? Far from being a "friend to the rich" they are taxing them more than your beloved Labour did. One party presided over the lack of regulation which caused the financial crisis. One party failed to fix the roof whilst the sun shone during the boom years, and created a massively increased structural deficit whilst the money was coming in. One party claimed to have eliminated boom and bust and when the inevitable bust came let the economy collapse around us, leading us into the longest and deepest recession since the war. One party left a note saying "There's no money left" as they walked out the door and into opposition. One party shouted that there must be a plan B and that we couldn't survive the cuts proposed by government - and then was proved wrong by Britain being the fastest growing economy in the G7 (according to the IMF). ...Let Labour back in charge of the economy again? You must be joking. mkaibear1
  • Score: 8

2:46pm Thu 31 Jul 14

architron says...

Unfortunately the system of power is set up to eradicate the middle class: When you get a sytem like this, the poor get poorer and the rich get more wealth to theirselves.

So if the system does the above what do we get? The result is Neo-feudalism; this does not benefit the common man and it is becoming more common as time progresses.

Govermental statistics tell half truth's of the real economic situation facing the world and the truth of the matter it is a corrupt system because of two factors.

These factors are: "Fractional reserve banking" and "Fiat currency."

Fractional reserve banking perpetuates the increase of debt owed by the common man to the central banking cartels of the world such as the Bank of England or the Federal reserve of America.

In the meantime Fiat currency allows the creation of money out of thin by all banks that is then borrowed to people and governments. The problem of this is the ever increasing debt.

This fact is clearly demonstrated by degregulation of the Iceland's banks by their government just like Magaret Thatcher did when shevwas in power.

Any body like the actor Matt Damon? Well he done an excellent documentary on the financial collapes of 2008, give it a watch if you have some time. It is, really good.

http://vimeo.com/272
92661
Unfortunately the system of power is set up to eradicate the middle class: When you get a sytem like this, the poor get poorer and the rich get more wealth to theirselves. So if the system does the above what do we get? The result is Neo-feudalism; this does not benefit the common man and it is becoming more common as time progresses. Govermental statistics tell half truth's of the real economic situation facing the world and the truth of the matter it is a corrupt system because of two factors. These factors are: "Fractional reserve banking" and "Fiat currency." Fractional reserve banking perpetuates the increase of debt owed by the common man to the central banking cartels of the world such as the Bank of England or the Federal reserve of America. In the meantime Fiat currency allows the creation of money out of thin by all banks that is then borrowed to people and governments. The problem of this is the ever increasing debt. This fact is clearly demonstrated by degregulation of the Iceland's banks by their government just like Magaret Thatcher did when shevwas in power. Any body like the actor Matt Damon? Well he done an excellent documentary on the financial collapes of 2008, give it a watch if you have some time. It is, really good. http://vimeo.com/272 92661 architron
  • Score: 5

6:40pm Thu 31 Jul 14

Bobevans says...

£5B goes to migrants in working tax credits

The main reason pay is staying low is down to mass migration. The UK is being flooded with mainly unskilled and low skilled migrants when we already have a big surplus of unskilled & low skilled labour

Other issues are that for skilled staff if there are any shortages the first port of call is abroad. Why are we not training people. WE are still importing masses of nurses from abroad and this has gone on for year. Why have we not increased the numbered training places for nursing
£5B goes to migrants in working tax credits The main reason pay is staying low is down to mass migration. The UK is being flooded with mainly unskilled and low skilled migrants when we already have a big surplus of unskilled & low skilled labour Other issues are that for skilled staff if there are any shortages the first port of call is abroad. Why are we not training people. WE are still importing masses of nurses from abroad and this has gone on for year. Why have we not increased the numbered training places for nursing Bobevans
  • Score: 1

9:00pm Thu 31 Jul 14

scraptheWAG says...

Bobevans wrote:
£5B goes to migrants in working tax credits

The main reason pay is staying low is down to mass migration. The UK is being flooded with mainly unskilled and low skilled migrants when we already have a big surplus of unskilled & low skilled labour

Other issues are that for skilled staff if there are any shortages the first port of call is abroad. Why are we not training people. WE are still importing masses of nurses from abroad and this has gone on for year. Why have we not increased the numbered training places for nursing
right again bob like most things never understood why we do not have free training for nurses and doctors even pay them a taining allowance .
[quote][p][bold]Bobevans[/bold] wrote: £5B goes to migrants in working tax credits The main reason pay is staying low is down to mass migration. The UK is being flooded with mainly unskilled and low skilled migrants when we already have a big surplus of unskilled & low skilled labour Other issues are that for skilled staff if there are any shortages the first port of call is abroad. Why are we not training people. WE are still importing masses of nurses from abroad and this has gone on for year. Why have we not increased the numbered training places for nursing[/p][/quote]right again bob like most things never understood why we do not have free training for nurses and doctors even pay them a taining allowance . scraptheWAG
  • Score: 2

9:29pm Thu 31 Jul 14

mkaibear1 says...

Mostly because the pay and conditions for nurses are awful so no one wants to do the job for the money they are offered?
Mostly because the pay and conditions for nurses are awful so no one wants to do the job for the money they are offered? mkaibear1
  • Score: 4

2:20pm Fri 1 Aug 14

choudhry says...

The irony of Nig Dix comments must have escaped him, just what did he think he and his Labour chums were doing when they allowed senior managers to take preposterous pay awards, extra holiday allowances, car payments and professional association fees from the ratepayers of Caerphilly, while the mere staff were on a three years pay freeze????????

On a micro level Caerphilly Labour party did exactly as Osbourne on a macro level, gave the rich while starving the poor!!!!!!!!

What does Nig think King Carwen Jones was up to when he refused to pass the £115,000,000 given the assembly to ensure no council tax rises in Wales, but kept by Labour for vanity projects. Does Nig not think the £115,000,000 would be better spent by the ratepayers of Wales than a tenth rate political hot air machine, one that has failed at every competence given to it by Westminster?

Councilor Dix would be much better off trying to get his Labour chums to actually run Caerphilly council, instead of cowardly obeying Rosser and Co.
The irony of Nig Dix comments must have escaped him, just what did he think he and his Labour chums were doing when they allowed senior managers to take preposterous pay awards, extra holiday allowances, car payments and professional association fees from the ratepayers of Caerphilly, while the mere staff were on a three years pay freeze???????? On a micro level Caerphilly Labour party did exactly as Osbourne on a macro level, gave the rich while starving the poor!!!!!!!! What does Nig think King Carwen Jones was up to when he refused to pass the £115,000,000 given the assembly to ensure no council tax rises in Wales, but kept by Labour for vanity projects. Does Nig not think the £115,000,000 would be better spent by the ratepayers of Wales than a tenth rate political hot air machine, one that has failed at every competence given to it by Westminster? Councilor Dix would be much better off trying to get his Labour chums to actually run Caerphilly council, instead of cowardly obeying Rosser and Co. choudhry
  • Score: 6

10:20am Mon 4 Aug 14

pwlldu says...

Nig says... Nigel Dix the UKIP Collaborator, Tony and Gordon are more Tory than labour. When tony said Maggie was someone he look up to.
Nig says... Nigel Dix the UKIP Collaborator, Tony and Gordon are more Tory than labour. When tony said Maggie was someone he look up to. pwlldu
  • Score: 1

10:22am Mon 4 Aug 14

pwlldu says...

The gulf between rich and poor has grown wider under Labour than at any time since World War II, according to a devastating report to be published today.
It paints a picture of a country shaped by inequality and an enduring system of class, with the children of the poor destined to live much harder and shorter lives than those of the wealthy.
The 450-page report by the Government's National Equality Panel represents a damning verdict on Labour's 13 years in office and Tony Blair's pledge on poverty in 1996.
The study says that inequality in income has reached the highest level since records began in 1961, and probably since the end of the Second World War. It also concludes that inequality in Britain is among the worst in the developed world, with the highest rate of poverty in western Europe.
The gulf between rich and poor has grown wider under Labour than at any time since World War II, according to a devastating report to be published today. It paints a picture of a country shaped by inequality and an enduring system of class, with the children of the poor destined to live much harder and shorter lives than those of the wealthy. The 450-page report by the Government's National Equality Panel represents a damning verdict on Labour's 13 years in office and Tony Blair's pledge on poverty in 1996. The study says that inequality in income has reached the highest level since records began in 1961, and probably since the end of the Second World War. It also concludes that inequality in Britain is among the worst in the developed world, with the highest rate of poverty in western Europe. pwlldu
  • Score: 0

10:26am Mon 4 Aug 14

pwlldu says...

Nig says...

if the Tories went after the millionaire tax dodgers who fund them they could have kept their promise to eliminate the defect , the £100b would have saved a lot of pain , the Tories are immoral

FUUNY IT WAS GORDON BROWN THAT CREATED THE MILLIONAIRE LOOP HOLE, SO THAN THE NEW LABOUR DONATORS COULD USE TO SAVE THEM MONEY.
Nig says... if the Tories went after the millionaire tax dodgers who fund them they could have kept their promise to eliminate the defect , the £100b would have saved a lot of pain , the Tories are immoral FUUNY IT WAS GORDON BROWN THAT CREATED THE MILLIONAIRE LOOP HOLE, SO THAN THE NEW LABOUR DONATORS COULD USE TO SAVE THEM MONEY. pwlldu
  • Score: 0

10:27am Mon 4 Aug 14

pwlldu says...

Nig says...

if the Tories went after the millionaire tax dodgers who fund them they could have kept their promise to eliminate the defect , the £100b would have saved a lot of pain , the Tories are immoral

FUNNY IT WAS GORDON BROWN THAT CREATED THE MILLIONAIRE LOOP HOLE, SO THAN THE NEW LABOUR DONATORS COULD USE TO SAVE THEM MONEY.
Nig says... if the Tories went after the millionaire tax dodgers who fund them they could have kept their promise to eliminate the defect , the £100b would have saved a lot of pain , the Tories are immoral FUNNY IT WAS GORDON BROWN THAT CREATED THE MILLIONAIRE LOOP HOLE, SO THAN THE NEW LABOUR DONATORS COULD USE TO SAVE THEM MONEY. pwlldu
  • Score: 0

10:30am Mon 4 Aug 14

pwlldu says...

Nig says...

so you are happy that the richest 15% see their wealth grow while working people have a pay cut , £1600 worse off , you are happy to subsidize multi-national companies work forces to the tune of £80 billion a year and you are happy to see a growing defect , strange comment from ladyman

the same happened under new labour, how else did new labour get all their donations from millionaire row who then was given a peerage.

Labour has benefited from a near-£1million loan and donation from a millionaire businessman who was embroiled in the cash for peerages scandal nearly 10 years ago.
Sir David Garrard, who used to run the Minerva property empire, gave the party a £500,000 donation in the past few months.
The figure - which is yet to be made public by the Electoral Commission - is comfortably Sir David’s biggest ever single donation to Labour. Previously he has donated £610,000 in three donations going back to 2003.
Sir David said he was donating because he had “come to know, respect and admire Ed Miliband. He has the vision and conviction to improve the lives of us all”.
Nig says... so you are happy that the richest 15% see their wealth grow while working people have a pay cut , £1600 worse off , you are happy to subsidize multi-national companies work forces to the tune of £80 billion a year and you are happy to see a growing defect , strange comment from ladyman the same happened under new labour, how else did new labour get all their donations from millionaire row who then was given a peerage. Labour has benefited from a near-£1million loan and donation from a millionaire businessman who was embroiled in the cash for peerages scandal nearly 10 years ago. Sir David Garrard, who used to run the Minerva property empire, gave the party a £500,000 donation in the past few months. The figure - which is yet to be made public by the Electoral Commission - is comfortably Sir David’s biggest ever single donation to Labour. Previously he has donated £610,000 in three donations going back to 2003. Sir David said he was donating because he had “come to know, respect and admire Ed Miliband. He has the vision and conviction to improve the lives of us all”. pwlldu
  • Score: 0

10:34am Mon 4 Aug 14

pwlldu says...

Labour failed to link pensions with earnings. ( which was cut by Maggie) theis would have gave an extra £50 a week to pensions. Then there wouldn't have been OAP's claiming the extra benefits now. Labour relaxed the banking regulations which cause the crash.
Labour failed to link pensions with earnings. ( which was cut by Maggie) theis would have gave an extra £50 a week to pensions. Then there wouldn't have been OAP's claiming the extra benefits now. Labour relaxed the banking regulations which cause the crash. pwlldu
  • Score: 1

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