chem1st Posted February 19, 2011 Share Posted February 19, 2011 With regards to the minimum wage on channel 4s large exponential of original sum drops. £5.33, 5.63 or 5.93. As of October 2010. (With current inflation you'd expect an accompanying rise in April!) Link to comment Share on other sites More sharing options...
A.B.Yaffle Posted February 19, 2011 Share Posted February 19, 2011 With regards to the minimum wage on channel 4s large exponential of original sum drops. £5.33, 5.63 or 5.93. As of October 2010. (With current inflation you'd expect an accompanying rise in April!) I thought Cameron and Clegg had already decided that most of us who earn less than them should take a pay-cut, as we are all in this together! Link to comment Share on other sites More sharing options...
WeX Posted February 19, 2011 Share Posted February 19, 2011 are they not raising the basic allowance rate at the same time which will, in effect, mean people receive more money in their pay packets? Link to comment Share on other sites More sharing options...
A.B.Yaffle Posted February 19, 2011 Share Posted February 19, 2011 are they not raising the basic allowance rate at the same time which will, in effect, mean people receive more money in their pay packets? This is the funny thing about this coalition government. One of the parties is opposed to raising the basic allowance, while the other party is opposed to raising VAT. So they agree to cancel each other out... even though each party got MPs elected on promises of fighting against the other party's policies. One thing both of the coalition parties campaigned on was the need to increase trust in the honesty of MPs. They seem to have conveniently forgotten that now. Is the basic allowance still supposed to be rising more for those couples who agree to follow the Tory line and rush into marriage in order to get more money? Link to comment Share on other sites More sharing options...
donuticus Posted February 19, 2011 Share Posted February 19, 2011 This is the funny thing about this coalition government. One of the parties is opposed to raising the basic allowance, while the other party is opposed to raising VAT. So they agree to cancel each other out... even though each party got MPs elected on promises of fighting against the other party's policies. One thing both of the coalition parties campaigned on was the need to increase trust in the honesty of MPs. They seem to have conveniently forgotten that now. Is the basic allowance still supposed to be rising more for those couples who agree to follow the Tory line and rush into marriage in order to get more money? The base level of income tax will rise by £1000 to £7475 on April first this year and will reach £10000 before the conclusion of this parliament. http://www.moneywise.co.uk/news-views/2010/06/22/income-tax-threshold-to-rise-1000 Link to comment Share on other sites More sharing options...
chem1st Posted February 19, 2011 Author Share Posted February 19, 2011 The base level of income tax will rise by £1000 to £7475 on April first this year and will reach £10000 before the conclusion of this parliament. http://www.moneywise.co.uk/news-views/2010/06/22/income-tax-threshold-to-rise-1000 They do need a pat on the back for that. With inflation, bills will go up, but so will wages. Link to comment Share on other sites More sharing options...
Ms Macbeth Posted February 19, 2011 Share Posted February 19, 2011 They do need a pat on the back for that. With inflation, bills will go up, but so will wages. I agree. The allowances don't seem to have kept pace with pay levels. £10k is about right IMO. I also think part of the tax allowances should be interchangeable between co-habiting couples. Link to comment Share on other sites More sharing options...
donuticus Posted February 19, 2011 Share Posted February 19, 2011 I agree. The allowances don't seem to have kept pace with pay levels. £10k is about right IMO. I also think part of the tax allowances should be interchangeable between co-habiting couples. Did you used to be able to claim part of a partners tax allowance if they weren't working? Link to comment Share on other sites More sharing options...
Vague_Boy Posted February 20, 2011 Share Posted February 20, 2011 With inflation, bills will go up, but so will wages. Will they? In the 1970s, there were strong unions to fight for wage increases. That is not the case today. Workers suffer effective pay cut amid rising inflation Will pay catch up with prices in 2011? Link to comment Share on other sites More sharing options...
Ms Macbeth Posted February 20, 2011 Share Posted February 20, 2011 Did you used to be able to claim part of a partners tax allowance if they weren't working? Yes. My husband was very ill and on Incapacity Benefit for a while in the mid 1990s. I was working full time and was able to use part of his allowances against my tax. Having gone from two incomes down to one (plus a few quid IB), it helped a little. I think it was a loophole in the rules though, if it had been my husband working and not me, he wouldn't have been able to use my tax allowances. Link to comment Share on other sites More sharing options...
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