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Scrapping of United Kingdom national pay rate

By Ross Sorin Subscribe to RSS | March 20th 2012 | Views:
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UK finance minister George Osborne will open up the box to reveal plans to scrap national pay rates for public sector workers in next Wednesday's Budget. Treasury research found they earn on average eight percent more than their private sector counterparts in England and Wales. The cost of living and commercial pay rates- the local factors are now set to be taken into account. The step will see a teacher in Sunderland earning less than a colleague in Surrey, where bills are generally higher. It has been reported that regional pay rates for up to 140,000 civil servants could be brought in as early as next month.

With the Public and Commercial Services union among them saying it would oppose them, Unions have lined up to condemn the plans. According to Unite general secretary, Len McCluskey At the end of the day, people work hard. Nurses work hard, police officers work hard, teachers work hard. It is expected that George Osborne will consider rapping the 50p top rate of tax - a move that is likely to prove equally contentious. North Sea oil firms also are to be offered guarantees of long-term tax breaks for decommissioning old rigs in a bid to encourage billions of pounds of investment.

On Friday some of the more controversial aspects of the Budget were discussed in a conference call by the so-called "Quad" of senior Conservative and Liberal Democrat figures. George Osborne, Nick Clegg, David Cameron and Treasury Chief Secretary Danny Alexander are due to meet in person on Monday to put the finishing touches to the measures. As of now the biggest wrangle is over the proposed tax cut for top earners - people on £150,000-plus salaries. Labor leader Ed Miliband has been condemned the proposed tax cut as the "wrong priority". The TUC has warned moving civil servants onto regional pay will be counter-productive. According to him youth unemployment should be the prime focus of the Budget. Suffering from financial crises applies for unsecured loans for bad credit @ http://www.unsecuredloansforbadcredituk.co.uk/ and get needed fund in quick way.

As per Public and Commercial Services union general secretary Mark Serwotka the Local economies - already suffering from Tory-led, politically motivated butchery - are crying out for investment, not more cuts. McCluskey believed that George Osborne's Budget will reveal him as a grotesque reversal of Robin Hood, rewarding the super-wealthy by allowing them to skip over their tax responsibilities while mugging the low waged.

Ross Sorin - About Author:
Ross Sorin is expert financial adviser and shares his expert views at times when needed. He writes articles on unsecured loans for bad credit, doorstep loans and long term loans .More info visit: - http://www.unsecuredloansforbadcredituk.co.uk/

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