Workplace representatives of Unite, the UK's largest union, are increasingly reporting that employers are attempting to force through pay freezes or below
inflation pay offers, citing Brexit as the reason for their actions.
The three day strike over a below
inflation pay offer which sees the longest serving staff receive no pay rise at all will be followed by action short of a strike further disrupting the issuing of passports.
Not exact matches
Economists doubt the jobless rate can fall that low again without touching off
inflation, as employers are forced to
offer higher
pay to attract workers from a dwindling supply of unemployed.
Resisting the temptation to
offer a traditional pre-election bribe, Osborne also announced that he was continuing with a freeze on public sector
pay until 2017, meaning public sector workers will have seen their
pay held back below
inflation for seven years.
Public servants are being
offered below -
inflation pay rises because the government failed to plan for the economic downturn, the Conservatives claimed today.
Northern Ireland's largest teaching union the National Association of Schoolmasters Union of Women Teachers (NASUWT) has rejected the latest
offer of a one per cent rise in teacher
pay, arguing that any increase should be above the rate of
inflation.
Defined benefit pension plans for teachers and government workers typically
pay 2 % per year of service if you retire at 65, and
offer either full or partial protection from
inflation, says FitzGerald.
Professor Siegel states «stocks, particularly stocks
paying high dividends, may
offer investors a more attractive income and
inflation protection than bonds over the coming decade.»
Given that EE bonds
pay just 0.1 %, while I bonds
pay 0.3 % plus
offering inflation protection, I bonds are guaranteed to be the better deal — unless you plan to hold for 20 years or more.
Since bonds no longer
offer a significant yield advantage,
inflation risk has increased and the scales are currently tipping more in favor of higher - yielding dividend
paying stocks, at least in my humble opinion.
Other ways to protect yourself from price increases include investing in certain
inflation - adjusted annuities
offered by insurance companies,
paying off your mortgage and just remaining frugal overall.
Business Tax Items • Permanently extends the 2001/2003 tax rates for adjusted gross income levels under $ 450,000 ($ 400,000 single); good for small business and home builders, 80 % of whom are pass - thru entities who
pay taxes on the individual side of the code • Permanently extends the Alternative Minimum patch; again, good for small business owners who are frequently at risk of
paying AMT • Permanently sets the parameters of the estate tax; positive for family - owned construction firms; codifies the 2010 $ 5 million exemption amount (indexed to
inflation) and a 40 percent estate tax rate • Extends present law section 179 small business expensing through the end of 2013;
offers cash flow and administrative cost benefits for small firms • Extends the section 45L new energy - efficient home tax credit through the end of 2013; allows a $ 2,000 tax credit for the construction of for sale and for - lease energy - efficient homes in buildings with fewer than three floors above grade