Update : comms

[stevejm]

If inflation is 10% this year all the prices will adjust to this years figures just because the figure drops to say 5% next year all that means is everything will rise a further 5% on top of the 10% prices will not come down so which ever way you look at royal mails pay offer you will be taking a massive pay cut.

THANK YOU. THIS IS CORRECT. Some on here don't understand inflation rates. To add to what you said:

If at end of 2021 a pint of beer would cost £1 and you earn £500 a week then in Dec 21 you could buy 500 beers.

If in 2022 the inflation rate is 10% (and keeping it simple and leaving all other variables aside) - then a pint of beer would now cost £1.10.

If in 2023 the inflation rate is 8% (quite possible) then by December 2023 the price of beer will be £1.19 .
If your pay stays unchanged at £500/week you will now only be able to buy 420 beers (500/1.19) - that's 80 beers less!

But lets say you get 7.5% in 2022 and assume it is backdated. your £500 will become £537.50. Lets add 1.5% in 2023. Your £537.50 now goes up to £546 (rounded up).

Sounds quite good right? But, lets see how many beers that will buy you in December 2023.

We need to divide your new wages of £546 by the new cost of beer at £1.19. We find that you can only buy 459 beers - even with this pay rise.

Despite getting a pay rise of 9% over 2 years you can now only buy 459 beers instead of the 500 beers that you could afford just a short 2 years previously in December 2021.

This is the evil of inflation - it erodes our buying power so that we become poorer over time.

We should be asking for, and receiving an inflation-MATCHING increase and Royal Mail should be putting up all their prices accordingly so that they can afford to pay us so that WE don't all become poorer.
But, ST and his team don't want us to do that because Royal Mail would lose business and the share price would go down. THEY would lose money. THAT would NEVER do!!! They need US to lose money so that THEY stay grossly OVER compensated. Such is the way of this world and so it always was.

[sindba]

If inflation is 10% this year all the prices will adjust to this years figures just because the figure drops to say 5% next year all that means is everything will rise a further 5% on top of the 10% prices will not come down so which ever way you look at royal mails pay offer you will be taking a massive pay cut.

THANK YOU. THIS IS CORRECT. Some on here don't understand inflation rates. To add to what you said:

If at end of 2021 a pint of beer would cost £1 and you earn £500 a week then in Dec 21 you could buy 500 beers.

If in 2022 the inflation rate is 10% (and keeping it simple and leaving all other variables aside) - then a pint of beer would now cost £1.10.

If in 2023 the inflation rate is 8% (quite possible) then by December 2023 the price of beer will be £1.19 .
If your pay stays unchanged at £500/week you will now only be able to buy 420 beers (500/1.19) - that's 80 beers less!

But lets say you get 7.5% in 2022 and assume it is backdated. your £500 will become £537.50. Lets add 1.5% in 2023. Your £537.50 now goes up to £546 (rounded up).

Sounds quite good right? But, lets see how many beers that will buy you in December 2023.

We need to divide your new wages of £546 by the new cost of beer at £1.19. We find that you can only buy 459 beers - even with this pay rise.

Despite getting a pay rise of 9% over 2 years you can now only buy 459 beers instead of the 500 beers that you could afford just a short 2 years previously in December 2021.

This is the evil of inflation - it erodes our buying power so that we become poorer over time.

We should be asking for, and receiving an inflation-MATCHING increase and Royal Mail should be putting up all their prices accordingly so that they can afford to pay us so that WE don't all become poorer.
But, ST and his team don't want us to do that because Royal Mail would lose business and the share price would go down. THEY would lose money. THAT would NEVER do!!! They need US to lose money so that THEY stay grossly OVER compensated. Such is the way of this world and so it always was.

Or to put it in plain English - if your pay rise is less than inflation, then you're poorer.

[k979aaa]

If inflation is 10% this year all the prices will adjust to this years figures just because the figure drops to say 5% next year all that means is everything will rise a further 5% on top of the 10% prices will not come down so which ever way you look at royal mails pay offer you will be taking a massive pay cut.

THANK YOU. THIS IS CORRECT. Some on here don't understand inflation rates. To add to what you said:

If at end of 2021 a pint of beer would cost £1 and you earn £500 a week then in Dec 21 you could buy 500 beers.

If in 2022 the inflation rate is 10% (and keeping it simple and leaving all other variables aside) - then a pint of beer would now cost £1.10.

If in 2023 the inflation rate is 8% (quite possible) then by December 2023 the price of beer will be £1.19 .
If your pay stays unchanged at £500/week you will now only be able to buy 420 beers (500/1.19) - that's 80 beers less!

But lets say you get 7.5% in 2022 and assume it is backdated. your £500 will become £537.50. Lets add 1.5% in 2023. Your £537.50 now goes up to £546 (rounded up).

Sounds quite good right? But, lets see how many beers that will buy you in December 2023.

We need to divide your new wages of £546 by the new cost of beer at £1.19. We find that you can only buy 459 beers - even with this pay rise.

Despite getting a pay rise of 9% over 2 years you can now only buy 459 beers instead of the 500 beers that you could afford just a short 2 years previously in December 2021.

This is the evil of inflation - it erodes our buying power so that we become poorer over time.

We should be asking for, and receiving an inflation-MATCHING increase and Royal Mail should be putting up all their prices accordingly so that they can afford to pay us so that WE don't all become poorer.
But, ST and his team don't want us to do that because Royal Mail would lose business and the share price would go down. THEY would lose money. THAT would NEVER do!!! They need US to lose money so that THEY stay grossly OVER compensated. Such is the way of this world and so it always was.

Sorry stevejm but I think it has gone beyond that this is a power struggle and we have forces on this very site who will tell you its not and shove your head in a basin what is a basin? and he called me boy guess its american or as we english say toilet well nice start could we actually educate an american retard? well I think not. Probably donald Trump got the wrong number.

[wandle]

Actually, because any pay increase attracts full income tax and National Insurance deductions, even an 'inflation matching' pay deal means you're still getting poorer.
If prices are up 10% and you get a 10% pay award, that extra is only worth about 7.1% extra on take-home pay

[k979aaa]

Actually, because any pay increase attracts full income tax and National Insurance deductions, even an 'inflation matching' pay deal means you're still getting poorer.
If prices are up 10% and you get a 10% pay award, that extra is only worth about 7.1% extra on take-home pay

Thing is I would rather have an increase in pay than back pay all your doing is subsidizing the government in a one off tax on your income. while a progressive wage increases will build in time and pensions it is actually better for us and the company as we pay and earn while we work. And back pay will only apply on the days you worked ie strike days nothing will be back dated!

[freespeech]

If inflation is 10% this year all the prices will adjust to this years figures just because the figure drops to say 5% next year all that means is everything will rise a further 5% on top of the 10% prices will not come down so which ever way you look at royal mails pay offer you will be taking a massive pay cut.

THANK YOU. THIS IS CORRECT. Some on here don't understand inflation rates. To add to what you said:

If at end of 2021 a pint of beer would cost £1 and you earn £500 a week then in Dec 21 you could buy 500 beers.

If in 2022 the inflation rate is 10% (and keeping it simple and leaving all other variables aside) - then a pint of beer would now cost £1.10.

If in 2023 the inflation rate is 8% (quite possible) then by December 2023 the price of beer will be £1.19 .
If your pay stays unchanged at £500/week you will now only be able to buy 420 beers (500/1.19) - that's 80 beers less!

But lets say you get 7.5% in 2022 and assume it is backdated. your £500 will become £537.50. Lets add 1.5% in 2023. Your £537.50 now goes up to £546 (rounded up).

Sounds quite good right? But, lets see how many beers that will buy you in December 2023.

We need to divide your new wages of £546 by the new cost of beer at £1.19. We find that you can only buy 459 beers - even with this pay rise.

Despite getting a pay rise of 9% over 2 years you can now only buy 459 beers instead of the 500 beers that you could afford just a short 2 years previously in December 2021.

This is the evil of inflation - it erodes our buying power so that we become poorer over time.

We should be asking for, and receiving an inflation-MATCHING increase and Royal Mail should be putting up all their prices accordingly so that they can afford to pay us so that WE don't all become poorer.
But, ST and his team don't want us to do that because Royal Mail would lose business and the share price would go down. THEY would lose money. THAT would NEVER do!!! They need US to lose money so that THEY stay grossly OVER compensated. Such is the way of this world and so it always was.

If you wanted to stay with the theme of being "correct" then we aren't losing money with a below inflation pay rise. Take a look at your payslip......the problem is that increased pay hasn't kept up with rising prices so overall we are worse off despite a higher wage.

[blacov]

Let's agree on one thing. Prices of food, clothes and the rest of non essential products will stay at current level and all we can hope is that they won't be getting dearer so fast in the next couple of months.
What we can, I say government can do is to regulate the price of fossil fuels and stop this mad profiteering that is taking place right now in the UK and beyond. This will not only slow down inflation but massively reduce costs for businesses so with the right reforms and rhetoric this should help prices to come down a bit. This would be a massive relief to many small business owners as well as households.

If that happened this should help our dispute too. Royal Mail wouldn't be in theory so worried about the customers holding back on non essential spending, it would help them reduce some of their costs( fuel etc) and possibly help us settle on pay dispute as money now being offered would go a bit further in future.

We can now arrive at the last point and that is greed by everybody involved in policy making, production and distribution of fuel and energy, as well as billionaires who ultimately run the governments driven by pure greed and mercilessly exploiting often mad made crisis to enrich themselves. All of that is executed by the corrupt government and soulless business leaders.

I think they could let go now we have had now around 3 years of uncertainty and madness and I can't remember another period in my life where my well being and life standard have slipped so dramatically low and it all happened in less than a year. I am afraid nothing will change before GE or the change will be very very slow.

[Halfhappy]

Let's agree on one thing. Prices of food, clothes and the rest of non essential products will stay at current level and all we can hope is that they won't be getting dearer so fast in the next couple of months.
What we can, I say government can do is to regulate the price of fossil fuels and stop this mad profiteering that is taking place right now in the UK and beyond. This will not only slow down inflation but massively reduce costs for businesses so with the right reforms and rhetoric this should help prices to come down a bit. This would be a massive relief to many small business owners as well as households.

If that happened this should help our dispute too. Royal Mail wouldn't be in theory so worried about the customers holding back on non essential spending, it would help them reduce some of their costs( fuel etc) and possibly help us settle on pay dispute as money now being offered would go a bit further in future.

We can now arrive at the last point and that is greed by everybody involved in policy making, production and distribution of fuel and energy, as well as billionaires who ultimately run the governments driven by pure greed and mercilessly exploiting often mad made crisis to enrich themselves. All of that is executed by the corrupt government and soulless business leaders.

I think they could let go now we have had now around 3 years of uncertainty and madness and I can't remember another period in my life where my well being and life standard have slipped so dramatically low and it all happened in less than a year. I am afraid nothing will change before GE or the change will be very very slow.

The general consensus is that the Tories have no hope of winning this next election, and Labour will win with, most likely, a majority. We will probably all disagree on what labour would do with that majority, I think they'll do very little and overwhelming disappointment many who are currently seeing them as a lifeboat. If the Tories have come to accept this prediction, I think pretty much everything they're doing now, and will continue to do, will be aimed at creating maximum damage to the economy that Labour will inherit. If they're going to go, they'll make sure there's nothing left worth having. So, I can't see any "sunlit uplands" to coin a phrase. I think whatever we get, pay wise, will be obsolete before it even goes in our pay packet. Any idea of the Tories helping relieve this crisis, through what ever means, like the suggestion above, well... I wouldn't put money on it, if I had any to do that with.

[blacov]

Let's agree on one thing. Prices of food, clothes and the rest of non essential products will stay at current level and all we can hope is that they won't be getting dearer so fast in the next couple of months.
What we can, I say government can do is to regulate the price of fossil fuels and stop this mad profiteering that is taking place right now in the UK and beyond. This will not only slow down inflation but massively reduce costs for businesses so with the right reforms and rhetoric this should help prices to come down a bit. This would be a massive relief to many small business owners as well as households.

If that happened this should help our dispute too. Royal Mail wouldn't be in theory so worried about the customers holding back on non essential spending, it would help them reduce some of their costs( fuel etc) and possibly help us settle on pay dispute as money now being offered would go a bit further in future.

We can now arrive at the last point and that is greed by everybody involved in policy making, production and distribution of fuel and energy, as well as billionaires who ultimately run the governments driven by pure greed and mercilessly exploiting often mad made crisis to enrich themselves. All of that is executed by the corrupt government and soulless business leaders.

I think they could let go now we have had now around 3 years of uncertainty and madness and I can't remember another period in my life where my well being and life standard have slipped so dramatically low and it all happened in less than a year. I am afraid nothing will change before GE or the change will be very very slow.

The general consensus is that the Tories have no hope of winning this next election, and Labour will win with, most likely, a majority. We will probably all disagree on what labour would do with that majority, I think they'll do very little and overwhelming disappointment many who are currently seeing them as a lifeboat. If the Tories have come to accept this prediction, I think pretty much everything they're doing now, and will continue to do, will be aimed at creating maximum damage to the economy that Labour will inherit. If they're going to go, they'll make sure there's nothing left worth having. So, I can't see any "sunlit uplands" to coin a phrase. I think whatever we get, pay wise, will be obsolete before it even goes in our pay packet. Any idea of the Tories helping relieve this crisis, through what ever means, like the suggestion above, well... I wouldn't put money on it, if I had any to do that with.

Of course my post was intended as a suggestion, one that most likely won't happen before GE and is even unlikely to happen afterwards due to the reasons you mentioned. Unfortunately I can't publicly express my feelings towards people running this country as it could be incriminating. Speaking of labour though, all we have left is a glimmer of hope. So let's stick with it. What else can we do?

[gt94sss2]

What are the chances the government allow them to go to a 5 days letters service. Why are they even trying their luck so soon after trying earlier in the year? Did the government say to them at the time 'if you do X, Y and Z then we will reconsider' ?

https://www.telegraph.co.uk/business/20 ... er-rounds/

A first class stamp will rise above £1 for the first time in history unless Grant Shapps lets Royal Mail scrap Saturday letter deliveries, the company has warned.

Royal Mail chairman Keith Williams said a “considerable” increase in the cost of a first class stamp would be needed to balance the books if it has to continue with a six-day letter delivery service.

First class stamps rose by 10p to 95p in March, putting them on track to rise above £1 for the first time if Royal Mail is made to continue weekend deliveries.

Mr Shapps told a House of Commons committee this week that he would not approve Royal Mail’s plans to axe Saturday rounds. Royal Mail wants to axe weekend letter deliveries in the face of declining volumes.

[Halfhappy]

What are the chances the government allow them to go to a 5 days letters service. Why are they even trying their luck so soon after trying earlier in the year? Did the government say to them at the time 'if you do X, Y and Z then we will reconsider' ?

https://www.telegraph.co.uk/business/20 ... er-rounds/

A first class stamp will rise above £1 for the first time in history unless Grant Shapps lets Royal Mail scrap Saturday letter deliveries, the company has warned.

Royal Mail chairman Keith Williams said a “considerable” increase in the cost of a first class stamp would be needed to balance the books if it has to continue with a six-day letter delivery service.

First class stamps rose by 10p to 95p in March, putting them on track to rise above £1 for the first time if Royal Mail is made to continue weekend deliveries.

Mr Shapps told a House of Commons committee this week that he would not approve Royal Mail’s plans to axe Saturday rounds. Royal Mail wants to axe weekend letter deliveries in the face of declining volumes.

So, I was intrigued by the threat of the £1+ 1c stamp. So, I thought I'd put £0.01, the price of a penny black, in to a historical inflation calculator, and set it to 1840. It's coming out in 2022 at the value of £1.10. I'm not sure if that's the correct way to use the calculators, but it would indicate that maybe the price of a 1c stamp ain't that steep.

I'm hazy as to how old money works, so if the decimal needs to be altered, let me know.

[Woody Guthrie]

Could someone point me towards this phantom 7.5% pay offer for 2022 because I've never heard of it until I read this thread.

It's potentially 5.5% with only 2% from April.

Given that it's almost the end of December that other 3.5% is worth next to nothing in 2022.

7.5% is pure fantasy.

[stevejm]

So, I was intrigued by the threat of the £1+ 1c stamp. So, I thought I'd put £0.01, the price of a penny black, in to a historical inflation calculator, and set it to 1840. It's coming out in 2022 at the value of £1.10. I'm not sure if that's the correct way to use the calculators, but it would indicate that maybe the price of a 1c stamp ain't that steep.

I'm hazy as to how old money works, so if the decimal needs to be altered, let me know.

There were 240 old pence in a pound. 12 old pence in a shilling and 20 shillings in a pound. f**k! I'm old!

[colleencamacho59]

So, I was intrigued by the threat of the £1+ 1c stamp. So, I thought I'd put £0.01, the price of a penny black, in to a historical men delusional calculator, and set it to 1840. It's coming out in 2022 at the value of £1.10. I'm not sure if that's the correct way to use the calculators, but it would indicate that maybe the price of a 1c stamp ain't that steep.

I'm hazy as to how old money works, so if the decimal needs to be altered, let me know.

There were 240 old pence in a pound. 12 old pence in a shilling and 20 shillings in a pound. f**k! I'm old!

A first class stamp will rise above £1 for the first time in history unless Grant Shapps lets Royal Mail scrap Saturday letter deliveries, the company has warned.

Royal Mail chairman Keith Williams said a “considerable” increase in the cost of a first class stamp would be needed to balance the books if it has to continue with a six-day letter delivery service.

First class stamps rose by 10p to 95p in March, putting them on track to rise above £1 for the first time if Royal Mail is made to continue weekend deliveries.

Mr Shapps told a House of Commons committee this week that he would not approve Royal Mail’s plans to axe Saturday rounds. Royal Mail wants to axe weekend letter deliveries in the face of declining volumes.So, I was intrigued by the threat of the £1+ 1c stamp. So, I thought I'd put £0.01, the price of a penny black, in to a historical inflation calculator, and set it to 1840. It's coming out in 2022 at the value of £1.10. I'm not sure if that's the correct way to use the calculators, but it would indicate that maybe the price of a 1c stamp ain't that steep.

I'm hazy as to how old money works, so if the decimal needs to be altered, let me know.

[Woody Guthrie]

A first class stamp will rise above £1 for the first time in history unless Grant Shapps lets Royal Mail scrap Saturday letter deliveries, the company has warned.

Shapps has been moved on and replaced with another right wing fruit loop, Kemi Badenoch.