Category Archives: Inflation

DWP Reveal How Much More It’s Paid Out in Staff Bonuses – for failures!

I was shocked, when reading The Canary, earlier on this evening, to discover that the DWP are STILL paying out millions in bonuses to their staff, despite the catastrophic failures they have wrought, while making the lives of anyone who needs to have any help to live, a living nightmare 😦

Here’s what The Canary said:

The Department for Work and Pensions (DWP) has revealed it paid out over £6m in bonuses last financial year. But the figures are even more eye-popping when you compare it to the previous year. Because despite the DWP losing court cases and receiving international condemnation, it’s actually on track to pay out more.

Eye-watering figures

The DWP has released its provisional payroll figures for March 2018. When combined with the provisional totals from January and February, it shows the department has paid out £3m of “non-consolidated performance payments” (that is, monthly bonuses). For the same period in 2017, it paid out £2.21m. This is a 36% increase year on year. But delve deeper into the figures and the numbers make for even more interesting reading.

As The Canary previously reported, the DWP paid out £5.3m of in-month bonuses between April 2016 and March 2017. It paid out £6.1m from April 2017 to March 2018 – a 15% increase. But when you analyse the payroll costs, it shows a different picture.

Total payroll costs between April 2016 and March 2017 were £2.46bn. For the same period a year later, they were £2.52bn – an increase of 2.44% year on year. So, as a percentage of the total payroll costs, the bonuses were 0.22% and 0.24% respectively.

As a percentage of pay, the bonus increase may not seem like much. But in cash terms, the DWP has substantially increased its bonus payments, and the year-on-year percentage increase is well above the rate of inflation.

To read the rest of the article, please click on the following link:

DWP Reveal their Staff bonuses:

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Filed under Austerity, Benefits, Bonuses, Choices, Conservatives, Disability, DWP, DWP Policies, Financial Year, Ideology, Inflation, Payroll Figures, Self-interest, Social Security, Wages, Welfare

How the actual Magic Money Tree Works

I read this article in The Guardian How the Actual Magic Money Tree Works, and it made it so very clear that either Tory MP’s are abysmally ignorant of practically everything financial (except, of course, how to make sure that they get all the savings they make, from financially ruining the poor), or they are habitually lying through their teeth when they deny that there IS a Magic Money Tree.

I know which one I’d choose!

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Filed under Austerity, Budgets, Choices, Economy, Government Spending, Ideology, Impoverishment, Inflation, Politics, Self-interest

AAV: 10 Economic fairy stories that people need to stop believing in . . .

I’ve just been reading Another Angry Voice’s post today, and it has so many points to consider when listening to all the Tory b******t about our economy!
I had to agree with every point made, so why don’t you follow the link below, and read it for yourselves – and do let me know what you think? 🙂

10 Economic Fairy Tales . . .

 

 

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Filed under Austerity, Benefits, Budgets, Choices, Economy, Government Spending, House Prices, Impoverishment, Inflation, Low Wages, Overseas Investors, Private Sector, Self-interest