Labour won’t say whether they can afford 5.5% public sector pay rise | Adam Boulton 

Forget sinking, we're already sunk 😂😂

Millions vs billions.

Millions vs billions.

Don't forget ukraine brah

@@manupasta Money diverted from the failed Rwanda Plan which achieved nothing and cost many times more.

Whole of Government Accounts, 2021-22 Page 8 Total liabilities 6,289,200 million IF you exclude state pensions What's 85 million?

​@adenwellsmith6908 a waste of our money. It won't stop illegals, just like the billions spent every year don't.

A drop in the ocean

@user-dl6pn9kp8m It's not 7 million. It's way way more than that. The cost of just being in the UK is 14K a year per head. If you are on 'welfare' having your housing paid for, food paid for, that's on top.

£85million straight into the pockets of Lammy’s mates

Well that is reassuring .... they do not know what the f*ck they are talking about ....

Yeah. They should cut all mps salaries by 10k and give just these, not all, just these public sector workers.... £3 p.a. pay rise

1.36m NHS workers and just over half a million teachers vs 650 MPs. That is the issue, economics and volumes. I would think the MPs raise cost less than £10m. It would and doesn’t move the needle at all. The morality of it yes is more up in the air - I agree, but this is a pure numbers issue.

@@Alex-mj5dv so that makes it alright then? One rule for them and another for everyone else, that's the issue

@@leehowson440 if you actually read my comment (which it seems you didn’t, or did and didn’t comprehend), I agreed with you on the morality of this. Unfortunately it’s an economic issue. We have a massive public sector bill that we all have to fund and it’s a tough scenario to be in when pay increases are demanded at once. I work in the private sector and my wife is a civil servant - she has had commensurate pay rises more often than I have had in the last decade. If I want a pay rise - it’s usually find a new job and work upwards that way.

Except mp pay rise os exactly equal to the average public sector rise. So giving these workers 5.5% rather than 3% will be mps implicitly giving themselves a higher rise too.

It's just mind blowing ...why can we all know what wants doing except the Government. It will not be a nice ending.

If you increase public sector pay you reduce the economic pull factor for migration, the Tories have put most NHS jobs on the visa exception list because it is increasingly difficult to recruit UK workers

He knew but made the wrong call for the election.

There is no reality in which Sunak could have won any election, he is an unelectable man with the intellectual capacity of a turnip with the consistency of a sandcastle which rapidly crumbles under surface level scrutiny. He had no respect for the dead, or any empathy for those with the misfortune of still being alive. His fiscal incompetence has left us with an £80bn per year cost to the interest alone in our catastrophically high national debt in which consumers paid extortionate prices to EDF for wind generated at the price of gas generation (and still do to this day), with so many sick and ill people unable to work after 14 years of cuts to the NHS, with little additional funding during a once in 100 year global pandemic. This country is broke and the economy collapsed, largely because of this man and governments he worked in the highest possible positions, as well as those of Cameron, who he brought back into government as reward.

@@colinfryett8174 You mean he didn’t wait until the last minute because his government was on fire everyday and he thought it could only get worse.

@@TheToryParty Were broke and yet we aren't Yes the Tories have been stunningly incompetent but 1/3 of the debt is owned by the BOE due to QE and QT (money printing) and a big chunk of that was injected into the banks post 2008. The banks have on account with the BOE 680 billion and for some reason we decided to pay them interest at the going rate even though we created most of it to stabalise the market back in 2008. If you reduced the rate to base inflation your looking at 30 billion, this dents bank's profits but they've been creaming it in for the last few years anyway.

This is true. And also millions every day looking after people rocking up in boats. And let's be honest Labour have an open door policy...

Don't forget the £84 million Labour has pledged to Africa, and the Middle East.

Labour and Tory modus operandi ! Globalist driven ?

Ukraine is under our protection, comrade. No one attacks Europe and gets away with it.

Ukraine defends Freeworld principles: Sovereignty Democracy Freedom and Justice. Anything we provide is money well spent

@@lowcarbRD Exactly, let’s all just surrender to Putin, brilliant idea.🤦‍♂️

@@wanderingfool6312This is the U.K. it’s Ukraine Russia has invaded. It’s the USA that this country gave in too decades ago.

@@aaronogden9900 Russia has invaded lots of places, expansionism is Putin’s plan. Nuclear submarines and bombers are buzzing around us, but sure, coca-cola and Mac Donald’s, it’s a tragedy.

Well then you’re an idiot because Labour are getting things done and you don’t even recognise it.

Clearly they have no need or benefit to speak to Tory and reform voters, you lost and don't get a say until 2029, when we will go through a 6 week charade again in ensuring the Tories never return to power again for as long as millennials and gen Z are the primary working group. It's simply not up to you anymore, particularly given how tiny the number of Tory and Reform MPs there are now. It's all down hill for the right from here son, you're history for at least two generations.

Did the Tories answer any questions in the last 14 years?....... no

WAHH WAHH LABOUR WAHH!

Someone who cannot remember the last 14 years of incompetence and corruption. Medical alert.

Paying decent salaries is beneficial to the economy as a whole, one of the reasons the economy is stagnant and migration is high has been the depressing of public sector wages by as much as 30%

That would be the Conservative tax burden, Labour have only been in power just over 2 weeks.

@@davekirton4096 If you raise a public employees pay by £1 it only costs the treasury on average 20p in that £1 due to increased economic activity I will explain The 1st thing that happens is the £1 attracts 28% tax and ni, after it gets into a workers pocket 90% of then live salary to salary so it get's spent, that spend attracts tax and so the merry go round continues until all of it is locked up in savings and assets. You also have a reduction in the pull factor for migration, all NHS jobs are on the visa exemption list as the service has been battered by the Tories for 14 years

if you put money into public sector pay it goes round the economy in a circle of tax and spend your looking at it costing the Treasury 20% of the headline figure while boosting GDP. It will also reduce the pull factor for migration the Tories depressed public pay then put all NHS posts on the visa exception list

@@SlowhandGreg it doesn’t matter if it goes round in a circle it’s still diluting the currency. And the immigration factor will take time to play out and it will be changed again before then. Pay increase for NHS workers will only make it more appealing to immigrants. It’s not going to produce homegrown NHS workers. Especially 5%, there has been 40% inflation in the last 5 years

@@Bradbry1 diluting in what way were not borrowing to pay for it there are multiple ways of raising more money like actually collecting the 42 billion that was unpaid last year. quote The government has been accused of losing "staggering amounts" of money for public services "through incompetence" after a report found £42bn is owed to HMRC in unpaid taxes.

@@SlowhandGreg if you print currency it dilutes its value. They printed all the money they were giving out during the pandemic and look how high inflation went and now look at the price of everything. Public sector wage increases can only come from money printing, in other words debt. If it’s taken from some other area it’s just robbing Peter to pay Paul. Unpaid tax collected by force introduces all sorts of other problems.

@Bradbry1 Money printing isn't the root cause of energy and food inflation. Dependency on world traded commodities with cartels controlling prices using the situation with the complicity of the Tory government to profiteering on a massive scale is the main factor. There is no reason to borrow more when you can address one of the major issues by transitioning to renewable energy independence. The government failed to collect 42 billion in tax owed last year due to incompetence according to a government committee report.

What lies?

BUT WAHH WAHH LABOUR WAHH!

I've got an idea. Why don't Labour take proceedings to recover the billions stolen by businesses that didn't even exist but claimed grants during COVID? I'll tell you why they won't. It will upset a certain demographic who always vote Labour.

If you think this is a Labour v Tory think you haven’t been paying attention… the political classes on either side are as bad as each other

The honeymoon period for the gullible and naive will be very short-lived, pal, when they realise Starmer is not the new Messiah.😅

All on borrowed money and these pay rises will come from the same debt. The UK is bankrupt

That money will be funnelled into the pockets of their friends instead 🥰

If Russia takes Ukraine it is the start of the actual END!!

@@DavidImpatief It does.

its a loan over 15 years check your facts

The circle of life 🎶

Considering we are 3 trillion in debt. I don't think there's much left on the credit card. No magic money tree for Labour this time around

@@anthonyluna352 It's £2.4 trillion we don't have dollars, the BOE owns a 1/3 of it due to QT / QE and a massive amount of money created was injected into the banks post 2008 to stop them collapsing, they hold on deposit 680 billion with the BOE and for some reason we pay them interest on money we created. Even Reform were talking about tapping into this and reducing the interest payments freeing between 20-30 billion just by paying 2% instead of 5.5%

@SlowhandGreg The 3 trillion is in pounds. If we're talking dollars. It's closer to 4 trillion in debt. Add pensions and other liabilities. You are easy talking 10 trillion+ in either pounds or dollars. The UK is on a massive downward whether you want to admit or not

Might even get to see a Doctor !

Conservatives removed performance pay and incremental pay rises a few years ago. In 2010 they installed a 2 year pay freeze capped at 1% which lasted 5 years in most civil service agencies.

its a loan over 15 years check your facts Reply

This is without the collapse of the American economy due to the massive debt it holds, and the continued dedollarisation. There's a bumpy ride ahead, and once again Labour will be in charge when it happens.

If borrowing is out (and it is) then the only way the money can be raised is via taxation. Labour have already promised no rises in income tax, NI or VAT so that probably leaves capital gains tax. Most people want to have good public services and we need to attract the best people and invest for the long term.

Good news if the interest rates go up, increases one’s investments.

​@user-rw5xx7ct8c Massive government cuts and less tax is how you get an economy booming again. Also, not allowing the world to walk right on in and get free everything would help. Increased taxes has diminishing returns once people feel that working no longer pays

You sound like a Russian with desperation to stop giving arms to a European country under our protection.

Yet did they have prior knowledge of the public sector pay review? The Tories have been suppressing public sector pay for 14 years and increasingly filling the posts with cheaper migrant labour so do you want Labour to start fixing things or not?

Our nhs has had more than ever a me still missspends

They've been instructed to give it to Ukraine ?? By whom I hear you ask ?? well, when you find that out for yourself, you'll be on the right track ! These are the people who are currently discussing means testing your right to state pension ??? - The one you paid into all your life >>>> Who's the mugs here ?

No need. Labour can raise capital gains tax.

No amount of money will cure the NHS with the world coming here using it. The better it gets the more people that come.

Ukraine is under our protection, comrade

In what way are they spending like it's growing on Trees do enlighten me?

It gets printed by the government actually

@SlowhandGreg oh dear. Supply and demand is not good for the economy.

@vincentblack7467•Sadly they can’t sell up so freeze the assets !Bingo problems solved if they have a house seize it -Many of us are bloody starving there are no ration books this is worse than thatcher we been left in a big mess -No nothing…

Give it a parliament or 2 and the emotional masses will vote back in the tories 😂..... Clowns everywhere.

The government prints it

Legally pension providers are committed to finding the best returns. Unfortunately ideology has gripped the establishment for so long you should probably be worried about what they consider a good return.

I've heard 25% are leaving, and Labour said it would be 2%..

WAHH WAHH LABOUR WAHH

You can’t stop the boats unfortunately. But you can set deterrents which would be condemned by humanitarian services no doubt but you have got to have the stomach to accept all the horrible titles it attracts and bilateral ties that may be lost too.

@@stanugoh9871 excellently put stu

He stole ya money heehee

We've had 14 winters of discontent, another one won't make much difference. The Tories have terminally damaged our economy, it remains to be seen if it can be salvaged, although one more financial shock will finish us off for good, so it's best not to have Tory incompetence at the helm anymore..

​@@CommNotesyes now we have the other side of the great uniparty they will surely turn the sinking ship around!

That will scare every single investor and leave us worse off

National debt is about 2.5 tn. Size of economy. So you think 1 million from these rich will raise 3 trillion ish. So you think there are 3 million individuals with 10m in the bank. 3 million such people.

@danielwebb8402 there are 5m people with over £10m, 8m with over 5m

So you would have a blanket threshold and take 10% of somebody’s net worth? Bearing in mind I would say for most people hovering around that level, the largest assets they’ll have is a paid off house (likely in the SE) and a pension. It’s not and very rarely is liquid cash unless you’re a drug dealer or oil baron. How does that track vs somebody worth £100m through a business and other assets and thus taking 1% from them? Daft suggestion. Utterly ridiculous. And would bankrupt the country for the foreseeable future as all investors would leave and not return. It would be the Gulag’s next.

Public sector isn't there to produce money it's to provide public services

​@@trevormannsfieldAt massive cost and inefficiency. If you wanted to buy an apple would you pay a beuracracy to decide what apple you can have and make you pay to be in on waiting list for it.

Yeah and immigrant workers will be sending that money home,I've worked in the NHS I know.

it won't, higher wages and more money on demand side will eventually increase price on supply side, combined with inflation.

@@michaelmoran2022•Hence we have no staff you may well work in NHS lots have left ?This is social stereotyping people that also work hard ?Have you left ???

@@szilardtoth5642took the words right out my mouth pay rises and inflation killed my business last year

So if we give them double it. 11%. That will even more help the economy? So give everyone a 25% pay rise and uber help the economy?

No the bottom rungs start overpaid and on up ever more. This is the fundamental problem. Gross over expectation and self importance. Yes the few higher ranking ones are even worse!