Fat Cat Wednesday - The Figures that show exactly what is wrong with this country!!!!!

Shock Pay Statistic On 'Fat Cat Wednesday'
It is claimed that top bosses earned more in just over two days than the average UK worker takes home annually.

A campaign group suggests top executives who returned to work on Monday had earned more money by mid-morning on Wednesday than the average worker does in a year.

The High Pay Centre has dubbed January 8 "fat cat Wednesday", based on average remuneration figures for FTSE 100 bosses compared with the wider average UK worker.

It found chief executives of firms in the FTSE 100 were paid an average of almost £4.3m in 2012, equivalent to an hourly wage of well over £1,000, compared with the country's average annual wage of £26,000.

The study said executive pay increased by 74% over the past decade, while wages for ordinary workers remained flat.

High Pay Centre director Deborah Hargreaves said: "Fat cat Wednesday highlights how insensitive big company executives have become.

"When top bosses take home more in two-and-a-half days than the average worker earns in a year, there is clearly something wrong with the way pay is set for both bosses and workers."

http://news.sky.com/story/1191957/shock-pay-statistic-on-fat-cat-wednesday


And anyone who grovels and says they earn it, needs to bend over so the powers that be can kick their bums again while they say thank you.

TUC general secretary Frances O'Grady added: "Soaring pay inequality, with top bosses now taking home more in a few days than most workers earn in a year, is damaging our economy.

"Workers need better pay rises so that the recovery is built on growing incomes, rather than falling savings and mounting household debts. But Britain's fat cat bosses are hoarding earnings owed to staff for shareholders and themselves.

"That's why we need workers on remuneration committees to knock some sense into top bosses' pay."

Speak to sphinx.

She has a very good solution to the pay problem in the UK - well, something that I think would help, anyway.

"ordinary workers remained flat"

How much did benefits go up over the past decade?


  

Lets stick to facts instead of myths shall we:

Means-tested benefits for working-age adults with no children are only around half the low-income threshold. By contrast, for pensioners, means-tested benefits are similar to the low-income threshold. In between these two extremes are couples with children (benefit around 70% of the low-income threshold) and lone parents (80-90% of the low-income threshold).

http://www.poverty.org.uk/12/index.shtml?2

"ordinary workers remained flat"

How much did benefits go up over the past decade?


  

The jobless will see their benefits rise by 5.2 per cent next year, MPs agreed last night – while  millions of workers face a pay freeze.


Ministers said benefit claimants will get an inflation-busting increase to protect them against ‘cost of living increases’.

http://www.theguardian.com/uk

That was just one years luvvlyjubbly rise.

BigAndy9 wrote:The jobless will see their benefits rise by 5.2 per cent next year, MPs agreed last night – while  millions of workers face a pay freeze.


Ministers said benefit claimants will get an inflation-busting increase to protect them against ‘cost of living increases’.

http://www.theguardian.com/uk

That was just one years luvvlyjubbly rise.

Your link just goes to the Guardian and doesn't uphold what you said, which is pure make believe, whereas the truth is:

On the 8th January 2013 the government won a vote for a 1% cap on the annual rise of most working-age welfare payments and tax credits. The Bill limits rises in most working-age benefits to 1% in 2014/15 and 2015/2016 instead of linking them to inflation (the Consumer Price Index).
Based on the link to inflation policy most benefit rates listed below and on page 2 show a rise of 2.2% but a similar 1% cap could be applied to them. The Benefits affected are:

Jobseeker's Allowance
Employment and Support Allowance
Income Support
Elements of housing benefit
Maternity allowance
Sick Pay, Maternity Pay, Paternity Pay, Adoption Pay
Couple and lone parent elements of working tax credits and the child element of the child tax credit

http://www.focusondisability.org.uk/brates-1.html

Sassy wrote:Shock Pay Statistic On 'Fat Cat Wednesday'
It is claimed that top bosses earned more in just over two days than the average UK worker takes home annually.

A campaign group suggests top executives who returned to work on Monday had earned more money by mid-morning on Wednesday than the average worker does in a year.

The High Pay Centre has dubbed January 8 "fat cat Wednesday", based on average remuneration figures for FTSE 100 bosses compared with the wider average UK worker.

It found chief executives of firms in the FTSE 100 were paid an average of almost £4.3m in 2012, equivalent to an hourly wage of well over £1,000, compared with the country's average annual wage of £26,000.

The study said executive pay increased by 74% over the past decade, while wages for ordinary workers remained flat.

High Pay Centre director Deborah Hargreaves said: "Fat cat Wednesday highlights how insensitive big company executives have become.

"When top bosses take home more in two-and-a-half days than the average worker earns in a year, there is clearly something wrong with the way pay is set for both bosses and workers."

http://news.sky.com/story/1191957/shock-pay-statistic-on-fat-cat-wednesday


And anyone who grovels and says they earn it, needs to bend over so the powers that be can kick their bums again while they say thank you.

TUC general secretary Frances O'Grady added: "Soaring pay inequality, with top bosses now taking home more in a few days than most workers earn in a year, is damaging our economy.

"Workers need better pay rises so that the recovery is built on growing incomes, rather than falling savings and mounting household debts. But Britain's fat cat bosses are hoarding earnings owed to staff for shareholders and themselves.

"That's why we need workers on remuneration committees to knock some sense into top bosses' pay."

Bring in the mansion tax, and increase income tax for the top earners.

BigAndy9 wrote:The jobless will see their benefits rise by 5.2 per cent next year, MPs agreed last night – while  millions of workers face a pay freeze.


Ministers said benefit claimants will get an inflation-busting increase to protect them against ‘cost of living increases’.

http://www.theguardian.com/uk

That was just one years luvvlyjubbly rise.

Fucking liar.   

Catman wrote:

BigAndy9 wrote:The jobless will see their benefits rise by 5.2 per cent next year, MPs agreed last night – while  millions of workers face a pay freeze.


Ministers said benefit claimants will get an inflation-busting increase to protect them against ‘cost of living increases’.

http://www.theguardian.com/uk

That was just one years luvvlyjubbly rise.

Fucking liar.   

Mr Catman! How dare you!

That link doesn't seem to be working - here's another one:

MPs have officially agreed a 5.2% increase in benefits as part of a package of changes to pensions and social security benefits.

Pensions Minister Steve Webb said the Coalition would be spending an extra £6.6 billion in 2012/13 at a time when the country's finances where "under severe pressure" to "protect people against increases in prices".

http://www.express.co.uk/news/uk/303974/MPs-agree-on-5-2-benefits-increase

So that was last year.

And sassy has shown another increase this year, some benefits rising with inflation and some just of 1%, whereas people who work in the private sector have had no increases, some taking pay CUTS - it is those in the middle who pay for everybody - the fat cats and those who have a wonderful work-free lifestyle.

BigAndy9 wrote:

Catman wrote:

Fucking liar.   

Mr Catman!  How dare you!

That link doesn't seem to be working - here's another one:

MPs have officially agreed a 5.2% increase in benefits as part of a package of changes to pensions and social security benefits.

Pensions Minister Steve Webb said the Coalition would be spending an extra £6.6 billion in 2012/13 at a time when the country's finances where "under severe pressure" to "protect people against increases in prices".

http://www.express.co.uk/news/uk/303974/MPs-agree-on-5-2-benefits-increase

Published: Thu, February 23, 2012

Was agreed but benefits never went up last year, we had no increase here.

Benefits have been frozen for the next three years wanker.

Catman wrote:

BigAndy9 wrote:

Mr Catman!  How dare you!

That link doesn't seem to be working - here's another one:

MPs have officially agreed a 5.2% increase in benefits as part of a package of changes to pensions and social security benefits.

Pensions Minister Steve Webb said the Coalition would be spending an extra £6.6 billion in 2012/13 at a time when the country's finances where "under severe pressure" to "protect people against increases in prices".

http://www.express.co.uk/news/uk/303974/MPs-agree-on-5-2-benefits-increase

Published: Thu, February 23, 2012

Was agreed but benefits never went up last year, we had no increase here.

Benefits have been frozen for the next three years wanker.

Mr Catman - there is no need to call me a wanker.

BigAndy9 wrote:

Catman wrote:


Published: Thu, February 23, 2012

Was agreed but benefits never went up last year, we had no increase here.

Benefits have been frozen for the next three years wanker.

Mr Catman - there is no need to call me a wanker.

Fuck off wanker.

Catman wrote:

BigAndy9 wrote:

Mr Catman - there is no need to call me a wanker.

Fuck off wanker.

Why are you saying those things?

I'm asking you to stop.

BigAndy9 wrote:

Catman wrote:

Fuck off wanker.

Why are you saying those things?

I'm asking you to stop.

Because you're an irritating liar, twister and a fucking wanker OK.

Feb 2012 and most of it was the pensions. Typical RW, use out of date figures and twist what it actually was.

What has dates got to do with anything the facts speak for themselves presented by Andy, it seems the left just don;t like being wrong!

Because the figures were not correct.   It has been held at 1%

And the unemployed DO NOT get more than the employed:

On the 8th January 2013 the government won a vote for a 1% cap on the annual rise of most working-age welfare payments and tax credits. The Bill limits rises in most working-age benefits to 1% in 2014/15 and 2015/2016 instead of linking them to inflation (the Consumer Price Index).
Based on the link to inflation policy most benefit rates listed below and on page 2 show a rise of 2.2% but a similar 1% cap could be applied to them. The Benefits affected are:

Jobseeker's Allowance
Employment and Support Allowance
Income Support
Elements of housing benefit
Maternity allowance
Sick Pay, Maternity Pay, Paternity Pay, Adoption Pay
Couple and lone parent elements of working tax credits and the child element of the child tax credit

http://www.focusondisability.org.uk/brates-1.html

Sassy wrote:Because the figures were not correct.   It has been held at 1%

And the unemployed DO NOT get more than the employed:

On the 8th January 2013 the government won a vote for a 1% cap on the annual rise of most working-age welfare payments and tax credits. The Bill limits rises in most working-age benefits to 1% in 2014/15 and 2015/2016 instead of linking them to inflation (the Consumer Price Index).
Based on the link to inflation policy most benefit rates listed below and on page 2 show a rise of 2.2% but a similar 1% cap could be applied to them. The Benefits affected are:

Jobseeker's Allowance
Employment and Support Allowance
Income Support
Elements of housing benefit
Maternity allowance
Sick Pay, Maternity Pay, Paternity Pay, Adoption Pay
Couple and lone parent elements of working tax credits and the child element of the child tax credit

http://www.focusondisability.org.uk/brates-1.html

This year - but what about the decade before?

And a 1% rise is good, after all the great rises of the past decade.

Catman, please watch the slurs. Totally non-productive, remember?

BigAndy9 wrote:

Sassy wrote:Because the figures were not correct.   It has been held at 1%

And the unemployed DO NOT get more than the employed:

On the 8th January 2013 the government won a vote for a 1% cap on the annual rise of most working-age welfare payments and tax credits. The Bill limits rises in most working-age benefits to 1% in 2014/15 and 2015/2016 instead of linking them to inflation (the Consumer Price Index).
Based on the link to inflation policy most benefit rates listed below and on page 2 show a rise of 2.2% but a similar 1% cap could be applied to them. The Benefits affected are:

Jobseeker's Allowance
Employment and Support Allowance
Income Support
Elements of housing benefit
Maternity allowance
Sick Pay, Maternity Pay, Paternity Pay, Adoption Pay
Couple and lone parent elements of working tax credits and the child element of the child tax credit

http://www.focusondisability.org.uk/brates-1.html

This year - but what about the decade before?

And a 1% rise is good, after all the great rises of the past decade.

Well, if they were as good as you think Andy, considering the amount of time wages have been held down, benefits would we more that wages, but as you can see, they aren't. And this thread is about fat cats getting huge pay rises, not Andy deflecting to his pet subject.

Sassy wrote:

BigAndy9 wrote:

This year - but what about the decade before?

And a 1% rise is good, after all the great rises of the past decade.

Well, if they were as good as you think Andy, considering the amount of time wages have been held down, benefits would we more that wages, but as you can see, they aren't.   And this thread is about fat cats getting huge pay rises, not Andy deflecting to his pet subject.

Which is against the rules Andy.