I agree about the water supply, spiritburner - in fact I'd include gas and electricity in that. The basic necessities of civilised life should not be in the hands of profit-hungry (and not necessarily British) companies whose first loyalty is to their shareholders, not to the people needing those services.
------------- Always edited for sloppy typing - when I spot it!
Quote: Originally posted by spiritburner on 17/3/2024
Minimum wage has gone up nearly 10%. Then those above need around the same to maintain differential. Water supply should not be in private ownership IMO.
I quite agree about water, but minimum wage, which was already pitifully low, has nowhere near kept up with the cost of essentials and neither has the state pension. If you look at an average of the 7 essentials, it is probably well over a 20% increase. Gas and electricity alone has gone up by over 60%. Many items of food have gone up by something like 25%, rents way above inflation etc. This is the problem with talking about percentages. 10% of minimum wage is only a tiny amount of actual currency, but 10% of a CEOs pay is probably far more than most people earn in total.
Quote: Originally posted by Hedgehugger on 17/3/2024
I agree about the water supply, spiritburner - in fact I'd include gas and electricity in that. The basic necessities of civilised life should not be in the hands of profit-hungry (and not necessarily British) companies whose first loyalty is to their shareholders, not to the people needing those services.
However we are pleased that water and other utilities are not managed by the council. It would mean either astronomically high council tax or councils going bust due to people not paying their bills. A company making a profit is a company that can pay wages, expand and create more employment opportunities.
Our council tax is going up buy 4.99%. They do a good job and seem to stay in budget.
Glad we don't live in Birmingham 10% rise and major cuts. Despite their moans a lot of it must be down to poor management.
I don't agree with our utilities being sold off to companies where profit and shareholder dividends are paramount. I agree that they should not be run by councils though.
They used to be state owned.
------------- DS-There's more to life than football!!!
A lot of the problems councils are facing are down to cuts in government funding. All councils have suffered this for many years, some worse than others. If their government funding is cut, and which council's hasn't been, they either have to cut the services they provide or increase council tax. Possibly both.
Quote: Originally posted by 664DaveS on 17/3/2024
Our council tax is going up buy 4.99%. They do a good job and seem to stay in budget.
Glad we don't live in Birmingham 10% rise and major cuts. Despite their moans a lot of it must be down to poor management.
I don't agree with our utilities being sold off to companies where profit and shareholder dividends are paramount. I agree that they should not be run by councils though.
They used to be state owned.
It created competition and lowered prices. If the utilities were still nationalised the cost for utilities would be eye watering high. Also you get back a lot of the profits which are probably ploughed into pension funds by the shareholders who are insurance companies, pension companies etc.
I agree that CEOs probably get paid too much, but when they earn for the company millions of pounds, are they really paid too much? However instead of huge profits the company should be investing in the infrastructure to improve it.
Quote: Originally posted by Colin21 on 17/3/2024
I quite agree about water, but minimum wage, which was already pitifully low, has nowhere near kept up with the cost of essentials and neither has the state pension. If you look at an average of the 7 essentials, it is probably well over a 20% increase. Gas and electricity alone has gone up by over 60%. Many items of food have gone up by something like 25%, rents way above inflation etc. This is the problem with talking about percentages. 10% of minimum wage is only a tiny amount of actual currency, but 10% of a CEOs pay is probably far more than most people earn in total.
I'm not saying the rise is excessive - just that it's a cost employers have got to meet if they pay minimum wage. I'm part time on minimum wage with a tiny 'beer money' business & the wife's pension. The way my employer has announced my pay rise you'd think it was out of the goodness of their hearts! We're lucky to have no mortgage & are managing nicely without drawing on my pension pot. Cost of living seems to have passed us buy. We eat well & our foods bill barely shifted. Sure we notice a spike in some items but on average no big rise. Same with fuel - still seem to have the same excess on my account building up. Firewood cost been static too. Diesel's probably the only exception.
Quote: Originally posted by iank01 on 17/3/2024
It created competition and lowered prices. If the utilities were still nationalised the cost for utilities would be eye watering high. Also you get back a lot of the profits which are probably ploughed into pension funds by the shareholders who are insurance companies, pension companies etc.
Are the nationalised train companies charging more than the private ones? Genuine question - my perception from my limited train travel is they aren't.
Dunno about pension funds. I have direct control over about 70% of my funds & it's not invested in UK. UK managed funds don't seem to keep up with inflation!
There isn't a true free market of rail fares, they are set centrally.
Different operators may offer cheaper fare for using only their services and LNER are currently trying some new approaches (which are more expensive!), but LNER are nationalised and are beinb used as a guinea pig for trying different fare structures.
If our council's weren't paying a large cut from our council taxes to central government our council's would be able to empty our bins cut grass verges clean streets keep street lamps on at night ect ect
Our housing estate is relatively new so we have an additional service charge for a private company to maintain the green areas, this equates to roughly £50 a quarter. Our council tax isn't any cheaper due to them not having to maintain these area's so the council is saving money.
I know its not realistic but it would be nice to see how those savings are allocated to other services for the community.