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Many workers in the UK have experienced an extended pay freeze. Being told over and over again that they are lucky to have a job is not constructive. Inflation may be starting to fall but that does nothing to redress the prices which have increased so much over the last couple of years. VAT being increased to 20% by the Coalition government meant that most people felt the effect.

In March the UK will hear what Chancellor Osborne will do to help the country balance its books. Even before such a budget though, it has been announced that Public Sector workers in the UK will continue to suffer a pay freeze. Whilst the "big wigs" in the public sector may receive hefty pay packets many ordinary workers do not. With continuing pay freezes they soon end up earning less than the minimum wage.

Of course no doubt Osborne has his eye on that too. One way to ensure that a population will work for a pittance is to abolish a minimum wage. During the Thatcher years employers could pay as low as they wanted too. In fact it was almost as if some were playing "how low can we go". We do not want to return to such times. Employers paying a couple of quid an hour as some did in the 80s and even the 90s. Frankly it may be safe to say we will not let such times return. People are less liable to sit back and take such austere measures, especially when hypocrisy is all around.

The government has approved RBS banking bonus payments this week which will total £785 million.

It does not want to offer though a worker on a few pound an hour, a few pence an hour increase. 

The pay freeze for the third year on the trot was expected. That does not make it any more palatable. It is generally felt this is being done to keep the Tory Council Tax down. This tax was Maggie Thatcher's baby after the country violently rejected her poll tax. Council tax was a compromise. It does not work though. It is often used by all parties as political weaponry. Keeping the cost of council tax payments down for members of the public may sound great in principle but at the expense of working people? Not such a good idea.

Pay freezes do nothing to help the economy. When you have less money to spend you tighten your belts. Simple. The knock on effect to the economy is disaster. People become hard up lose properties and so much more. Does Osborne not understand this or does he just not care?

The government reforms to welfare payments mean that there is lttile respite for those who are struggling to survive finacially. A recipe for more economic doom and gloom it would seem. That is unless you are part of the banking fraternity Then you bacome part of a priviliged few. Now wonder the word Banker in the UK has become a dirty word.

1.6 million local government employees will receive no pay rise for the period 2012/13. Others will of course lose their jobs as part of the government's austerity plans. Would a pay rise for them have cost anything like the £785 million RBS bankers are going to receive in bonus payments? No!

Are such stringent measure essential to keep the UK budget on track? Well if you read Bloomberg the UK is currently in a fairly healthy finacial position.

It may not yet be time to relax fully but perhaps it is time to show some compassion. It is OK looking after the big boys and girls who backed you but they do not make up the majority vote. Perhaps the Tories and Lib Dems feel there is still time before an election to play with us now and then dangle a carrot and watch the idiots grab it. 

A better course of action is for voters to note the current hypocrisy and double standards for when election time comes round again. The current behaviour is expected from the Tories but the Lib Dems have politically shot themselves in the foot. Hypocrites one and all.

 
 
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UK economic slump: We are all in this together. Pull the other one

This is the first of at least three stories today regarding inequalities in the UK. These are not inequalities brought about due to one person's skill as opposed to another person's. Rather it is a stark reminder that as much as David Cameron may want to state "we are all in this together", that is a long way from the truth.

Today figures have been published regarding 2011 pay increases. They make for shocking reading. That is they would if you had believed the Coalition government's lies

Many people in the UK have had only a small pay increase this year and others have had none at all. With inflation past the 5% mark the figures are worrying but of course if you are a corporate fat cat it is a different story.The Director's of companies in the UK top 100 FTSE were blasted last night as "elite greedy pigs. Yes a fair assesment that would see. Whilst they have been happy and encouraging of meagre pay rises for the UK population they have grabbed what they could.

Awarding themselves pay rises of 49% must have stunk, even to such greedy people.

Percentages are always rather a con anyways. After all 2% of very little is still very little, wheras 2% of an inflated wage is still a huge amount of money.

The statistics for the UK read:
  • Public Sector workers in many cases had no pay rise.
  • Private Sector workers averaged around a 2.6%
  • The current, UK minimum wage hourly rate is, £6.08 - for workers aged 21 and over, £4.98 - the 18-20 rate, £3.68 - the 16-17 rate for workers above school leaving age but under 18, £2.60 - the apprentice rate, for apprentices under 19 or 19 or over and in the first year of their apprenticeship.
  • Britain's top company directors now take home average earnings of almost £2.7m a year
  • In 2011 the average bonus payments for directors increased by 23% from £737,000 in 2010 to £906,000.
  • UK FTSE chief executives pay rose by 43% in the last financial year, to an average of £3.8m, while finance directors enjoyed a 34% increase taking their average earnings over the £2m mark
UK Pay day: Top earning chief executives
  • Mick Davis (Xstrata) £18,426,105
  • Bart Becht (Reckitt Benkiser) £17,879,000
  • Michael Spencer (ICAP) £13,419,619
  • Sir Terry Leahy(Tesco) £12,038,303
  • Tom Albanese (Rio Tinto) £11,623,162
  • Sir Martin Sorrell (WPP Group) £8,949,985
  • Todd Kozel (Gulf Keystone Petroleum) £8,913,223
  • Don Robert (Experian) £8,601,984
  • Edward Bonham Carter (Jupiter Fund Management) £8,003,641
  • Dame Marjorie Scardino (Pearson) £8,003,641 
After these figures were released David Cameron mildly admonished the rogues whilst Nick Clgg spoke more strongly.

Labour Leader Ed Miliband said, "I think its wrong because what we see is rewards not based on performance, not a something for something culture but a something for nothing culture. We've seen the stock market flat over the last year or so, so not more wealth being created and yet top pay going up by 50%.  This is what we have to change about our economy so that we make sure what people get out is related to what they get in."

OPINION: The Coalition is always quick to condemn those on welfare as "takers" but today's figures are appalling. They speak for themselves. No matter what rubbish words such executives use to justify these pay rises it will all be nonsense.

The global Occupy Protest Movement is derided by many, especially people of this ilk. However, these fat pigs are the 1% who they are protesting against. It seems that the 99% can have their incomes cut till there is no leeway left as long as Corporate Fat Cats continue to prosper. Unbelievable.