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View Full Version : Brexit drives competitiveness further



northernladyuk
15th May 2017, 07:21
More fantastic news for a leaner Britain.

Pay will continue to be squeezed, employers' survey suggests - BBC News (http://www.bbc.com/news/business-39917285)

It is the big unspoken issue of the election. Voters who, despite being in work, are not feeling any better off.
It is also the major economic trend in Britain - the "living standards squeeze".
And the most recent data suggests that it is about to tighten.
A survey of more than 1,000 firms, published on Monday by the Chartered Institute of Personnel and Development (CIPD) and the employment agency Adecco Group, suggests that businesses believe average pay rises this year will be just 1%.
That is the lowest figure for three years and well below the 1.5% the same survey suggested three months ago.
With inflation at 2.3% - a figure that is expected to rise sharply when April's number is published on Tuesday - employers are clearly not preparing for higher wage settlements.
Why? Well, according to the Bank of England, much of it comes down to uncertainty about the Brexit process.
Companies are still nervous about an economically disruptive exit from the European Union and are hoarding cash rather than rewarding employees.

BlasterBates
15th May 2017, 07:36
The irony is that foreign workers aren't affected as the companies are paying them more to stop them disappearing, so pushing wages for the locals down further.

The words "shoot" and "foot" spring to mind.

northernladyuk
15th May 2017, 07:40
The irony is that foreign workers aren't affected as the companies are paying them more to stop them disappearing, so pushing wages for the locals down further.

The words "shoot" and "foot" spring to mind.

This is traitor talk. The British electorate wants more competitive wages.

Paddy
15th May 2017, 08:06
This is traitor talk. The British electorate wants more competitive wages.

Serfdom comes naturally to Brits. Don't mind a wage cut, don't mind a high taxes, don't mind the banks taking away homes, as long as we have pomp and ceremony and can wave to the queen.

northernladyuk
15th May 2017, 08:10
Serfdom comes naturally to Brits. Don't mind a wage cut, don't mind a high taxes, don't mind the banks taking away homes, as long as we have pomp and ceremony and can wave to the queen.

And God bless the Queen Mum. Won the bloody war for us she did.

The_Equalizer
15th May 2017, 08:17
You concern for those on the lower end of the pay scale is touching. :rolleyes:

sal
15th May 2017, 08:26
This is traitor talk. The British electorate wants more competitive wages.

They are getting competitive alright, with the 3rd world...

northernladyuk
15th May 2017, 08:47
You concern for those on the lower end of the pay scale is touching. :rolleyes:

I cared enough to register to vote and then vote Remain.

The_Equalizer
15th May 2017, 09:03
I cared enough to register to vote and then vote Remain.

By post from RoI to save their poor souls. :tongue

northernladyuk
15th May 2017, 09:05
By post from RoI to save their poor souls. :tongue

None of which addresses the magnificent increase in competitiveness that UK workers are enjoying.

The_Equalizer
15th May 2017, 09:12
None of which addresses the magnificent increase in competitiveness that UK workers are enjoying.

Nor did being in the EU from 2008 and we're still in.

northernladyuk
15th May 2017, 09:19
Nor did being in the EU from 2008 and we're still in.

The global economic crisis hit before. The impressive increase in the competitiveness of wages occurring now is a result of uncertainty and weak sterling.

I'm guessing you know this but are too ashamed to discuss it, hence your obfuscation. But there's no need for shame. Turn it around and you will see that the sacrifices being made by British workers are a contemporary 'Dig for Victory!'.

The_Equalizer
15th May 2017, 09:50
The global economic crisis hit before. The impressive increase in the competitiveness of wages occurring now is a result of uncertainty and weak sterling.

I'm guessing you know this but are too ashamed to discuss it, hence your obfuscation. But there's no need for shame. Turn it around and you will see that the sacrifices being made by British workers are a contemporary 'Dig for Victory!'.

Yes dear.

northernladyuk
15th May 2017, 10:38
Yes dear.

Even dearer in 12 months' time.

OwlHoot
15th May 2017, 10:49
More fantastic news for a leaner Britain.

Pay will continue to be squeezed, employers' survey suggests - BBC News (http://www.bbc.com/news/business-39917285) ..

Yes, that is fantastic news, and well done you for spotting the article tucked away on that BBC website where no one would think of looking.

With Sterling lower against the Euro, and pay rises curbed, it'll mean the UK is even more competitive relative to the sluggish French, Spanish, and Italian economies, among others, with their way higher and ever increasing unemployment rate.

northernladyuk
15th May 2017, 11:12
Yes, that is fantastic news, and well done you for spotting the article tucked away on that BBC website where no one would think of looking.

With Sterling lower against the Euro, and pay rises curbed, it'll mean the UK is even more competitive relative to the sluggish French, Spanish, and Italian economies, among others, with their way higher and ever increasing unemployment rate.

If only the Leave Campaign had explicitly stated that Brexit would mean a decline in real earnings so more competitiveness, they would have won by an even bigger margin!

original PM
15th May 2017, 12:17
If only the Leave Campaign had explicitly stated that Brexit would mean a decline in real earnings so more competitiveness, they would have won by an even bigger margin!

As opposed to a Remain campaign telling everyone that salaries will get bigger, things will get cheaper and we will all live like millionaires?

PurpleGorilla
15th May 2017, 12:26
As opposed to a Remain campaign telling everyone that salaries will get bigger, things will get cheaper and we will all live like millionaires?

No, that's what they told the Greeks before they joined the Euro ;-)

northernladyuk
15th May 2017, 13:11
As opposed to a Remain campaign telling everyone that salaries will get bigger, things will get cheaper and we will all live like millionaires?

Have you got a link for that or is it more desperate BrexitBunker propaganda?

BrilloPad
15th May 2017, 13:14
Pay will be squeezed. Though not as much if UK had voted remain.

northernladyuk
15th May 2017, 13:18
Pay will be squeezed. Though not as much if UK had voted remain.

And the Charlemagne Divisions will break though Soviet lines any hour!! IF ONLY THERE WAS MORE TIME!!!

squarepeg
15th May 2017, 18:15
Pay will be squeezed. Though not as much if UK had voted remain.

Gizza link with the data or yer talkin' out of yer arse again.