Tag Archives: living wage

Huppert on Astra Zeneca takeover’s threat to jobs, the European elections and the living wage

Medical Drugs for Pharmacy Health Shop of MedicineJulian Huppert has been talking to Cambridge student magazine Varsity.

Not surprisingly, the subject of Pfizer’s proposed takeover of Astra Zeneca came up. Why should students be bothered?

It will have a direct impact on the prospects for people in particular disciplines, and will be a longer term issue about the future of Britain”, he replies. “This matters for students who work in STEM subjects, natscis, chem-eng, all of those subjects, because this could be their employment – even if you don’t work directly

photo by: epSos.de
Posted in LibLink | Also tagged , , and | 1 Comment

Opinion: Do I want a £100 tax cut? Not now, Nick

This morning Nick Clegg has embarked on a major new campaign to press the Coalition Government to increase the income tax threshold by a further £500, taking the first £10,500 of income out of tax. With half an eye to next month’s Autumn Statement, he wants to go beyond the Coalition Agreement.

However, there are problems with this.

The first is the obvious one: it has to be paid for. How will that happen?  Well, with the Conservatives having rejected any further tax on the wealthy and other changes to taxation, it would have to come from additional spending cuts. It is …

Posted in News | Also tagged , and | 96 Comments

Opinion: Labour’s Living Wage really means the State taxes the poor more

This is – according to the Labour Party – the start of “Living Wage week”, a soundbite policy of the kind we’re now used to hearing from Labour.

Superficially, the idea of the Living Wage is simple and tempting. Figure out how much it costs to live, and force employers to pay that much.

Labour’s chosen method of doing this is to offer employers tax breaks – for a year  – if they comply with the Living Wage rather than the national minimum wage. However, as pointed out by the Adam Smith Institute, what we are actually dealing with is

Posted in Op-eds | Also tagged | 33 Comments

The Independent View: The Living Wage can be fair but affordable in tough economic times

On Saturday, Adam Corlett outlined his concern that how the Living Wage is calculated could cause problematic increases over the next few years. He raises some valid issues. However, the Living Wage has been designed so that it cannot rise uncontrollably, and in reality it is likely to rise much less, relative to general pay, than Adam is suggesting.

The Living Wage’s growing popularity shows so many employers have been willing to take on the commitment to pay enough for a decent living standard, even though times are tough. With average living standards going down, this reflects a widespread moral view …

Posted in Op-eds and The Independent View | Also tagged | 3 Comments

The Independent View: I know what next month’s living wage will be and it doesn’t relate to the cost of living

On 4 November we will learn the level of the new Living Wage, which many employers have volunteered to pay as a minimum. At present it is £7.45 an hour outside London. I’m betting that next month it will rise to £7.65.* How do I know? Well, the current calculation is remarkably simple, and it has nothing to do with the cost of living. What’s more, future increases risk making proposed living wage policies unaffordable or even damaging.

Academics at Loughborough University do calculate the wage needed to fund, after tax and benefits, what members of the public consider a basic …

Posted in Op-eds and The Independent View | Also tagged | 4 Comments

Brian Paddick writes… A seat in the House of Lords

When Nick called me to ask if I would be a Peer, he said, amongst other things, that it was time I had my own political platform. So that got me thinking about what my political platform might look like. Here are some initial thoughts.

I know we are in Coalition with them but I can find few redeeming features in Tory economics. Of course work should pay more than benefits but have benefits really have reduced to the level where families have to resort to food banks? Are those with disabilities having to give up independent living and are families …

Posted in Op-eds | Also tagged , and | 7 Comments

Opinion: Getting the facts right on the Living Wage

One of the key battlegrounds on which the 2015 General Election will be fought is living costs, especially for those on low and low-to-middle incomes.  With times tough and the cost of many basic items essential for living having outpaced wage inflation for a decade (according to the most comprehensive study of the subject, led by the Resolution Foundation but with considerable input from business and other organisations) – and with no money left in the public purse – answers are not easy.

The Liberal Democrats have, rightly, chosen to address this by a range of measures, and the key …

Posted in Op-eds | Also tagged and | 28 Comments
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  • User AvatarRoland 11th Feb - 1:44am
    Stephen Hesketh - "So Roland, you believe that before we had political parties, the wealthy men in Parliament represented their constituents and placed constituent’s interests...
  • User AvatarChris_sh 11th Feb - 1:21am
    @Denis Mollison You may not like the terminology but it is a fairly standard phrase and it's not particularly rude I think. "if a party...
  • User AvatarLorenzo 11th Feb - 12:58am
    P.S. Suart I liked your approach , it is a subject very dear to my heart . Your patience with my level of gusto, previously...
  • User AvatarRoland 11th Feb - 12:47am
    We can’t complain as much over snap referendums like what happened with Crimea if we then have a snap referendum of our own. Strange concept...
  • User AvatarRoland 11th Feb - 12:39am
    John - Is it just me who is offended when those trained at considerable expense to the state threaten to take their newly (and not...
  • User AvatarLorenzo 11th Feb - 12:36am
    Stuart Thank you for your measured response.I agree and disagree .First clarity .Gradewas unacountable when at the BBC , and is again as a Tory...