Business & Finance1 min ago
Bank Of England Bank Chief Says Migrant Worker Are Holding Down Wages
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He also said this
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The Blair Government was very business friendly (unlike Miliband). Businesses wanted migrants to be added to the jobs pool. More workers than their are jobs, means that employers can pay less. If there they pay easily wages and don't get workers they would be stuck. But if there are 10 workers for every job on offer, then someone will take it.
So Business supported Blair, and Blair encouraged migrants to come here.
So Business supported Blair, and Blair encouraged migrants to come here.
The Labour Party opened the floodgates to unlimited Immgration, we are now reaping the rewards of it,
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If you were a Boss who had an Immigrant happy to work for £6 an hour why would you pay a Brit. £8 an hour, it's all down to economics in Business, and your beloved Labour Party are to blame.
svejk is correct.
// Taxpayers Subsidise Big Business by an Estimated £11 billion a Year
Posted by Jonathan Cox 1013.80pc on April 12, 2015
The UK’s low pay culture is costing tax payers £11 billion per year according to research released by community organising charity, Citizens UK, today.
With over 5.24 million people in the UK, 22% of all employees, earning less than the Living Wage, the Treasury is forced to step in and top-up incomes with in-work benefits, such as working tax credits, so that workers can afford a basic standard of living despite being in employment.
The research shows that in the case of some of the UK’s largest retailers, businesses are benefiting more from the Treasury in wage top-ups than they are paying in tax.
Tesco’s low pay culture is supplemented by the Treasury who had to top up their pay rates to the sum of £364 million in the last year, whilst pay for each low waged worker each year at the retail giant Next costs the taxpayer approximately £2,087.
Huge savings could be made to the public purse if companies paid a Living Wage to employees. If Tesco alone made the move tax payers could save £92 million a year. //
// Taxpayers Subsidise Big Business by an Estimated £11 billion a Year
Posted by Jonathan Cox 1013.80pc on April 12, 2015
The UK’s low pay culture is costing tax payers £11 billion per year according to research released by community organising charity, Citizens UK, today.
With over 5.24 million people in the UK, 22% of all employees, earning less than the Living Wage, the Treasury is forced to step in and top-up incomes with in-work benefits, such as working tax credits, so that workers can afford a basic standard of living despite being in employment.
The research shows that in the case of some of the UK’s largest retailers, businesses are benefiting more from the Treasury in wage top-ups than they are paying in tax.
Tesco’s low pay culture is supplemented by the Treasury who had to top up their pay rates to the sum of £364 million in the last year, whilst pay for each low waged worker each year at the retail giant Next costs the taxpayer approximately £2,087.
Huge savings could be made to the public purse if companies paid a Living Wage to employees. If Tesco alone made the move tax payers could save £92 million a year. //
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