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.

Hardly surprising CityLink went bust if they were paying their van driver £41K+ a year!

Baginton, not his real name, was never counted as an employee by City Link. Although he worked for City Link, and its predecessor Direct Express, for nine years, he has never been on the payroll. In City Link parlance, he is a “service delivery partner”. In other words, a contract worker with no guaranteed hours, sick pay, holiday pay or entitlement to redundancy. City Link owe him £2,400 for three weeks’ work. But he doesn’t expect to see any of this money: “I very much doubt it, as we will be the last of the last [on the creditors’ list].”

no they weren't!
read the article properly

RF ,

I was using an analogy.

If you don't treat the tramp and the causes of his disease, he dies, but not before spluttering his death over some others in society.

Treat, the disease and causations and then both society and the tramp may survive more comfortably.

The majority of "emigrants" are fleeing their expectancies in their own countries in the hope of better life elsewhere.

The majority of them eventually contribute to the wealth of the country they settle in.

-------

My father-in-law was defined as State Less and may have been rejected now, if he applied to immigrate to the UK now, but because of his multiple qualifications contributed to the wealth and well-being of the UK.

The majority of his compatriots who entered this country at the same time did likewise.


He was a polylingual civil engineer and employed as such, but contributed to society in other areas.

His wife and family, arrived later in this country after being "released" by their country of origin. They again contributed to the society which they lived in.

There is a huge difference between person or persons that came to Europe decades ago or the honest people that apply for a visa to come to Europe to work and these rejects/criminals that are arriving in the southern med on dodgy ships and such....I could go on all day about this....they know that by smuggling themselves in that what they are doing is wrongful so it is the duty of the coastguards to deal with these people like you deal with criminals...this is where a European law should be passed so that customs and such can take far more dramatic like actions in dealing with a catastrophic immigration disaster in the making. !....

I did, if these guys were self employed then fuel, van hire and costs are all tax deductible... And I said if "CityLink were paying there van drivers", not, what van drivers where taking home..

If you read between the lines "The firm, owned by multimillionaire Jon Moulton, claimed that drivers could earn £43,000 a year. Phil Valentine, a contractor who has worked for City Link “on and off” for six years and runs six vans, dismissed the £43,000 figure. Once a driver paid for fuel, insurance and a weekly charge for a van, earnings would be more like £28,000 a year."

City Link van driver cost £43,000 each, the van drivers don't dismiss the figure but talk about take home seeing them lose £15K of this. All the same City Link was still seeing £40K+ on its books as van driver expenses.

Double posted

No doubt subject to a nice commission:


A spokesman for the National Union of Rail, Maritime and Transport Workers (RMT) said: “This is just another broken promise from a company that was encouraging subcontractors to invest in new City Link kit and van leases just two weeks ago, even though it must have known it was in trouble.”

ah but shortie ..... city link will be taking a commission on renting the vans, providing the insurance and even on the parcel scanner ...... and of course they take a pretty good mark-up on the jobs themselves

in addition, city link have no liability for NIC liability, holiday or sick pay

the most likely cause of their problems will be the interest payments and other lumps they will have been forced to make to Better Capital and it's also a racing certainty that the top management will not have stinted on their own rewards either

finally, it would have been worth questioning - no chance now - how INefficiently the depots themselves were run .... pretty hopeless is my guess

I bet none of the costs stated take into account depreciation of the vans themselves.

3 years old, half price.


http://www.vcars.co.uk/used-cars/used-mercedes-sprinter.php

RF,

You are missing the point!

I personally don't wish for an insular, isolated UK, which may develop from the populist views being propagated by Ukip and the tory party's neo-fascist wing.

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Just started reading Andrew Marr's book "History of the World".

Interesting commentary on the development off societies and "possible" reasons for the paths chosen.

If you have time have a look. Might interest you.

Max - it is very unlikely that CL actually owned the vans

No, I didn't think they did.

The vans come on a handy lease arrangement via citylink, so the drivers are on the hook for any payments.

My point was the capital reduction from the vans losing value.

Phil Valentine, a freelance who runs five vehicles for City Link in the Lake District, said he was owed about £21,000 for two and a half weeks’ work. During that time, he had incurred expenses including drivers’ wages and insurance for the vans plus a £3,000 fuel bill. He has been told he is unlikely to receive any of the money he is owed and will now have to seek new work and pay out as much as £1,200 per van to have them resprayed in the livery of any new employer.
http://www.theguardian.com/business/2014/dec/31/city-link-administrators-redundancy-notices

This is the risk of being self employed and working for just one person....

perhaps the Cl drivers can get a payday loan, now the gov has made them "fair"



Payday loan caps come into force


New regulations introduced by the FCA mean loans will now be capped at 0.8% a day, as over 1 million borrowers benefit





Well over a million people will see the cost of their borrowing fall now that new price caps on payday loans have taken effect.

However, early indications are that many of the sector’s bigger players will be charging the maximum amount allowed to under the new regime, rather taking the opportunity to set their fees below the cap.

Interest and fees on all high-cost short-term credit loans are now capped at 0.8% per day of the amount borrowed. If borrowers do not repay their loans on time, default charges must not exceed £15.

In addition, the total cost (fees, interest etc) is capped at 100% of the original sum, which means no borrower will ever pay back more than twice what they borrowed, said the Financial Conduct Authority (FCA), which has introduced the new rules.

Someone taking out a £100 loan for 30 days and paying it back on time will not pay more than £24 in fees and charges.



More good news here:http://www.theguardian.com/money/2015/jan/02/payday-loans-caps-fca

It took far too long for the FCA to act on pay day lenders, this should have been done years ago.

It's still usury..


However, it appears the new regime will not spell the end of the huge annualised interest rates quoted on payday loan websites. Despite the changes, Wonga is still able to charge a representative APR of 1,509%, while QuickQuid’s site was promoting an APR of 1,212%.

Fred : this not the 18th or 19th century.....insular was how Britain probably was (and the better for it in my private view)....this is the 21st century ....

Max - if CL don't own the vans, then there is no depreciation to be accounted ..... however, i suspect that the company that actually owns the vans will now be on for a pasting, for pretty obvious reasons

The Citilink redundancies are the workers working at the depots. The van drivers won't get any money owed as there are secured bank loans that will be paid out first and there is not even enough left to pay them. The workers will not get their redundancy money either from the company. That will be paid by us out of the public purse under a scheme that pays redundancy if a company cannot pay it. It will be the statutory minimum.

as the drivers are deemed to be self-employed, i cannot see any way in which they are covered by the gov't redundancy scheme either