Thought Id start this one going because its rather dead on this board at the moment and I suppose all my usual muckers are either at the Stella tennis event watching Dim Tim (lose again) or at Henly Regatta eating cucumber sandwiches (they wish,...NOT).

Anyway please feel free to just talk to yourself blast away and let it go on any company or subject you wish. Just wish Id thought of this one before.

cheers GF.

There you go. So it was just another one of Labour's myths and tall stories.

I think this sums up Hazy and Manuel.

Or perhaps this.

Good to see this story is being covered so well

http://news.sky.com/story/1200248/take-home-pay-rising-faster-than-inflation

Nine out of 10 British workers have seen their take-home pay increase in the past year, according to Treasury figures.

In a counter attack on Labour's so-called cost of living crisis, the Tories argued there was "stark" evidence that the economic recovery is for all.

Conservative ministers said nearly everyone except the richest 10% saw their take-home pay rise by at least 2.5% once tax cuts were taken into account.

This is above the Consumer Price Index inflation rate which stood at 2.4% in the year ending April 2013.

It is claimed conditions have improved most for the bottom 50% of earners with take-home pay rising three quarters faster than CPI inflation.

Were it true that living standards are rising for most people, the Tories would have a significantly better story to tell on the economy. Unfortunately for them, it's not. The data used by Hancock takes no account of the large benefit cuts introduced by the coalition, such as the real-terms cut in child benefit, the uprating of benefits in line with CPI inflation rather than RPI, and the cuts to tax credits (other major cuts such as the bedroom tax, the benefit cap, and the 10 per cent cut in council tax support were introduced after April 2013). The IFS has consistently shown that almost all families are worse off once all tax and benefit changes are taken into account.


They seem to have a blind spot as usual these Tory boys.


LOL LOL LOL LOL LOL LOL LOL LOL LOL LOL LOL

YET MORE LIES FROM THE TORIES.

HOW MUCH FURTHER CAN THEY STOOP.

NOW THE TRUE FIGURES.......

The IFS has consistently shown that almost all families are worse off once all tax and benefit changes are taken into account.

The BBC are covering it as well

http://www.bbc.co.uk/news/uk-politics-25869001

UK pay rising in real terms, says coalition

Most British workers have seen their take-home pay rise in real terms in the past year, the government claims.

It has produced figures showing all except the richest 10% saw their take-home wages rise by at least 2.5% once tax cuts were taken into account.

That is more than the Consumer Prices Index (CPI) inflation rate of 2.4% in the year to April 2013.

The government said the figures show only the top 10% of earners fell behind the CPI rate - which excludes the costs of buying and owning a home such as mortgage interest repayments - with an average increase of 2%

hays - i find that very hard to believe, and even if take-home pay has risen in the last year (not impossible), the increase in heating and food bills will have more than wiped that out - i.e. living standards have not (remotely) started to improve yet, even though industrial activity has

AT LAST: A Downing Street lie that deserves to put the Prime Minister on the spot.

By John Ward January 24, 2014




THE CAMERLOT CON: There is an odd alliance that could stop the fanatics. Don’t hold your breath waiting for the Eds to exploit it.

The key members of this Government have become masters of the blithely asserted shibboleth. We have Jeremy Hunt committed to the NHS, George Osborne who is paying off Britain’s debt with austerity, Boris Johnson around the edges of it saying crime is falling, Michael Gove insisting that his higher education ‘reforms’ can only make our universities better, and now David Cameron saying that “the vast majority of workers have wages that are outstripping inflation”.

This last is the most astonishing bare-faced bollocks yet. Its carrier – the Barclay Brothers’ Maily Telegraph – ran a piece devoted to spreading the fiction yesterday, in which we had to wait only a few lines for ‘A new analysis of figures released by Downing Street has suggested that take home pay outstripped inflation for all but the top 10 per cent of earners last year.’

What analysis? What figures? I’ve Googled it every which way, and I haven’t seen any evidence anywhere that anyone but the Telegraph has even heard of these numbers. But to be tedious (and apologies to the regulars here who’ve seen this chart already) let’s just nail this once and for all:



This is from the ONS, and it’s the third time (to make different points) I’ve shown it this week. You have to go back to the summer of 2009 to find wages and prices even equal let alone deflationary. Britain did not have deflation in 2013 and 2012 or 2011 or 2010, and anyway only the figures for the first three quarters of last year are in yet: so HowTF can Downing Street have analysed figures about last year they don’t have yet?


More: http://hat4uk.wordpress.com/2014/01/24/at-last-a-downing-street-lie-that-deserves-to-put-the-prime-minister-on-the-spot/

It is because CPI is only 2.4%. Fuel has fallen causing food prices to fall or at least slow.

Solid post Cyners.

Its not take home pay that counts like you say, but it is in fact your disposable income like you say after fuel bills and food bills PLUS I would add working tax credits that you measure.

Suffice to say this Tory minister is being pulled to shreds up on twitter even SKY NEWS now say they will have to crunch these numbers again after coming out positive earlier on.

It seems they have been swamped with complaints.

This is very interesting. Miliband effectively agreeing with the Conservative from last week

http://www.dailymail.co.uk/news/article-2540975/Wages-WILL-rise-faster-prices-year-admits-Ed-Labour-leader-concedes-average-pay-outstrip-inflation.html

Next

Wages WILL rise faster than prices this year admits Ed: Labour leader concedes average pay will outstrip inflation

Labour has quietly abandoned calls for an end to austerity measures
Worker’s pay has risen far below the rate of inflation for the past five years
Miliband will insist the economy is not serving working people

The longest pay squeeze in history is likely to come to an end this year, Ed Miliband will admit today.

The Labour leader, who has spent months warning about a ‘cost of living crisis’, will concede that economic recovery means the average worker’s pay rise is set to outstrip inflation.

But Mr Miliband will insist that ‘a few months of better statistics’ will not mean pressures on families are over and say that the real question is about ‘who gets the rewards’ as Britain recovers.

Tories will seize on his remarks as another economic policy shift by Labour, which has quietly abandoned calls for a Plan B involving an end to austerity measures and more government spending.

Good post Hays yes the debate will now move a notch higher onto the haves and have nots.

Labour will win hands down.

If this economic news is so good, why is the market coughing?

=======

What coughing?

Was all priced in Fred, but that matter aside I reckon Milly is a lot more cunning than he is given credit for.

When it does move on to the haves and have nots just after the Euros I think he will be in a very strong position.

Nothing like jealousy in politics and middle Britain will rise to it.

I think he will come out with all guns blazing against the rich boys.

We got an early show in PMQS on wed when he re- to camoron with his Bullingdon Boy stance.

Expect a lot more as he peaks at the right time.

footy 250

Haze,

I feel you are a little gauche!





I have a feeling that in 2015 the voters will reject the present predominantlyextreme right winged tory party and its leadership.