Retail sales hit by tax and inflation

first_imgThursday 21 October 2010 9:09 pm Retail sales hit by tax and inflation Share THERE is a simple reason why retail sales are beginning to fall, and it has very little to do with the Comprehensive Spending review. A triple whammy of limited pay rises, elevated inflation and tax increases have conspired to impoverish most of the public over the past year, a development that has been barely picked up in Westminster and by the media. In those circumstances, it was always going to be the case that people would have less money to spend – hence why retail sales fell for the second month in a row in September, by 0.2 per cent. Take pay rises. Total earnings are up just 1.7 per cent over the year; private sector workers have seen pay rises of just 1.2 per cent. Few companies can afford to be generous in this uncertain environment, characterised by a spike in input costs; fortunately, employees have been understanding and cooperative.Yet inflation on the retail price index – the broadest measure of inflation, including mortgages – is running at 4.6 per cent per cent a year. Even the consumer price index, the official measure of inflation, is now at 3.1 per cent. It gets worse: the tax and price index, the best cost of living measure – albeit one which nobody seems to pay attention to any more – which also takes account of direct tax and national insurance increases, is running at a whopping 5.1 per cent a year, according to the Office for National Statistics. Ian Stewart, chief economist at Deloitte, kindly agreed to crunch the numbers: he discovered that real average take-home started to fall in December 2009 and has been collapsing ever since. Over the past 12 months, the value of an average pay packet after retail price inflation and direct tax is down a crippling 3.4 per cent. Private sector workers have suffered an almost unprecedented pay cut of 3.9 per cent; public sector staff of 2.2 per cent. The last time folk were being squeezed as much by inflation and tax hikes was in 1982. This decline in real take home pay is the real reason why many voters are feeling subdued, the primary reason why consumer confidence is falling, why the housing market is going south again and why so many people are convinced we are still in recession. Joe Public feels betrayed, for another reason: the establishment doesn’t seem to be taking seriously his main concern – the soaring cost of living. The media, economists and the establishment largely support further quantitative easing, a move which many hard-pressed wage earners and savers feel will see a further debasement of the currency (they are not necessarily right, as it happens, though I agree it would be wrong to engage in further QE). Yet, as these figures show, there is no threat of deflation, the disease that QE is meant to cure, merely the increasing reality of a quasi-1970s-style stagflation, with weak but positive growth combined with high price rises. No wonder populist newspapers are so angry at the economic establishment; they are reflecting Middle England’s angst.House prices have also started to fall again, while after tax and inflation, rates paid on current accounts are often negative. With VAT about to rise, retail sales are likely to remain subdued for a while, acting as a drag on aggregate demand. It won’t tip us into recession – private investment is returning, and exports remain strong – but the rebalancing of the UK economy away from excessive consumption has started in [email protected] Tags: NULL Show Comments ▼ whatsapp KCS-content whatsapp by Taboolaby TaboolaSponsored LinksSponsored LinksPromoted LinksPromoted LinksYou May LikeMisterStoryWoman Files For Divorce After Seeing This Photo – Can You See Why?MisterStoryTotal PastThe Ingenious Reason There Are No Mosquitoes At Disney WorldTotal PastMoneyPailShe Was A Star, Now She Works In ScottsdaleMoneyPailNoteabley25 Funny Notes Written By StrangersNoteableySerendipity TimesInside Coco Chanel’s Eerily Abandoned Mansion Frozen In TimeSerendipity TimesBrake For ItThe Most Worthless Cars Ever MadeBrake For ItBetterBe20 Stunning Female AthletesBetterBemoneycougar.comThis Proves The Osmonds Weren’t So Innocentmoneycougar.comMagellan TimesThis Is Why The Roy Rogers Museum Has Been Closed For GoodMagellan Timeslast_img read more

EU’s bailout bond a success

Show Comments ▼ EU’s bailout bond a success Ad Unmute by Taboolaby TaboolaSponsored LinksSponsored LinksPromoted LinksPromoted LinksYou May LikeMoneyPailShe Was A Star, Now She Works In ScottsdaleMoneyPailUndoTotal PastThe Ingenious Reason There Are No Mosquitoes At Disney WorldTotal PastUndoMisterStoryWoman Files For Divorce After Seeing This Photo – Can You See Why?MisterStoryUndoSerendipity TimesInside Coco Chanel’s Eerily Abandoned Mansion Frozen In TimeSerendipity TimesUndoBrake For ItThe Most Worthless Cars Ever MadeBrake For ItUndoBetterBe20 Stunning Female AthletesBetterBeUndoautooverload.comDeclassified Vietnam War Photos The Public Wasn’t Meant To Seeautooverload.comUndoElite HeraldExperts Discover Girl Born From Two Different SpeciesElite HeraldUndoDrivepedia20 Of The Most Underrated Vintage CarsDrivepediaUndo whatsapp THE debut bond issue for the EU’s bailout fund yesterday was nine times oversubscribed in an unprecedented success for the bloc. All €5bn (£4.29bn) of the five-year bond on offer was snapped up, with Asian investors fuelling demand. The Japanese government alone bought more than 20 per cent of the issue, which is perceived as the safest of EU bonds and offered a higher yield that German Bunds. The AAA bond’s yield was 2.89 per cent, compared with 2.31 per cent for Bunds. The EU closed the order book yesterday with demand at €44.5bn. Tags: NULL KCS-content Share Tuesday 25 January 2011 9:31 pm whatsapp More From Our Partners Brave 7-Year-old Boy Swims an Hour to Rescue His Dad and Little Sistergoodnewsnetwork.orgSupermodel Anne Vyalitsyna claims income drop, pushes for child supportnypost.comNative American Tribe Gets Back Sacred Island Taken 160 Years Agogoodnewsnetwork.orgRussell Wilson, AOC among many voicing support for Naomi Osakacbsnews.comAstounding Fossil Discovery in California After Man Looks Closelygoodnewsnetwork.orgFlorida woman allegedly crashes children’s birthday party, rapes teennypost.comA ProPublica investigation has caused outrage in the U.S. this weekvaluewalk.comMark Eaton, former NBA All-Star, dead at 64nypost.comPolice Capture Elusive Tiger Poacher After 20 Years of Pursuing the Huntergoodnewsnetwork.orgWhy people are finding dryer sheets in their mailboxesnypost.comKamala Harris keeps list of reporters who don’t ‘understand’ her: reportnypost.comKiller drone ‘hunted down a human target’ without being told tonypost.comBiden received funds from top Russia lobbyist before Nord Stream 2 giveawaynypost.comInside Ashton Kutcher and Mila Kunis’ not-so-average farmhouse estatenypost.com980-foot skyscraper sways in China, prompting panic and evacuationsnypost.comUK teen died on school trip after teachers allegedly refused her pleasnypost.comI blew off Adam Sandler 22 years ago — and it’s my biggest regretnypost.comFeds seized 18 devices from Rudy Giuliani and his employees in April read more

RDC Properties Limited ( 2016 Abridged Report

first_imgRDC Properties Limited ( listed on the Botswana Stock Exchange under the Property sector has released it’s 2016 abridged results.For more information about RDC Properties Limited ( reports, abridged reports, interim earnings results and earnings presentations, visit the RDC Properties Limited ( company page on AfricanFinancials.Document: RDC Properties Limited (  2016 abridged results.Company ProfileRDC Properties Limited is a property management, development and rental company in Botswana. It also has interests in Madagascar through a Mauritian-based subsidiary. The company develops and manages commercial, industrial and residential developments which are based in prime locations in major towns and cities of Botswana. RDC Properties Limited offers long-term value to its shareholders through construction income, rental income, hospitality income, capital appreciation and the sale of premium properties. Landmark properties in its portfolio include Masa Centre, Standard Chartered House, Chobe Marina Lodge and Isalo Rock Lodge. RDC Properties is investigating investment opportunities to expand its footprint in South Africa, Mozambique and Namibia.last_img read more

Atlantic Leaf Properties Limited ( 2019 Circular

first_imgAtlantic Leaf Properties Limited ( listed on the Stock Exchange of Mauritius under the Property sector has released it’s 2019 circular For more information about Atlantic Leaf Properties Limited ( reports, abridged reports, interim earnings results and earnings presentations, visit the Atlantic Leaf Properties Limited ( company page on AfricanFinancials.Document: Atlantic Leaf Properties Limited (  2019 circular Company ProfileAtlantic Leaf Properties Limited is a real estate company incorporated in Mauritius. The company is the first pound dominated Global Business Licence company to be listed on the Stock Exchange of Mauritius. Atlantic Leaf Properties Limited invests in high quality, investment grade real estate assets and companies which deliver solid returns for investors through both income and quality growth. Atlantic Leaf Properties Limited is listed on the Mauritius Stock Exchange as well as the Johannesburg Stock Exchange.last_img read more

Statement from the ACC concerning those affected by Hurricane Sandy

first_img Episcopal Migration Ministries’ Virtual Prayer Vigil for World Refugee Day Facebook Live Prayer Vigil June 20 @ 7 p.m. ET Rector (FT or PT) Indian River, MI Virtual Episcopal Latino Ministry Competency Course Online Course Aug. 9-13 Rector Pittsburgh, PA Priest Associate or Director of Adult Ministries Greenville, SC Featured Jobs & Calls Anglican Consultative Council, Rector and Chaplain Eugene, OR Anglican Communion, [Anglican Communion News Service –Auckland, New Zealand] The members of the Anglican Consultative Council, meeting in Auckland, New Zealand, Oct. 31 (local time),  expressed their concern, compassion and prayers for all those caught up in the impact of Hurricane Sandy. Members heard of the scale of lives lost in the Caribbean, in the eastern United States and Canada, and of the devastation wrought in the wake of the hurricane.Condolences were expressed to the Anglican Province of the West Indies, the Episcopal Church, the Anglican Church of Canada and the Diocese of Cuba.A prayer used in ACC’s Evensong service Oct. 31Creating God, you have set us in a world beyond our control yet promised never to allow its captivity to decay to destroy us.We now pray for all those experiencing the havoc of storm and tempest in the Caribbean and North America, especially those who have lost homes or loved ones. Give courage to those who work in emergency services, wisdom to those leading communities and nations, and compassion and patience to families and friends as they seek safety together, share the grief this time, and work to rebuild cities and neighborhoods.Hasten that day when the whole creation shall be renewed and we live at peace and in harmony with the world and its peoples.Accept our prayer through Jesus Christ, who himself calmed the storm and taught us not to fear but to trust you as the God who dwells with us in every circumstance.Amen Rector Belleville, IL Rector Washington, DC TryTank Experimental Lab and York St. John University of England Launch Survey to Study the Impact of Covid-19 on the Episcopal Church TryTank Experimental Lab Assistant/Associate Rector Morristown, NJ Ya no son extranjeros: Un diálogo acerca de inmigración Una conversación de Zoom June 22 @ 7 p.m. ET Curate (Associate & Priest-in-Charge) Traverse City, MI Associate Rector Columbus, GA In-person Retreat: Thanksgiving Trinity Retreat Center (West Cornwall, CT) Nov. 24-28 Director of Administration & Finance Atlanta, GA Bishop Diocesan Springfield, IL This Summer’s Anti-Racism Training Online Course (Diocese of New Jersey) June 18-July 16 Course Director Jerusalem, Israel Episcopal Church releases new prayer book translations into Spanish and French, solicits feedback Episcopal Church Office of Public Affairs Rector Smithfield, NC Join the Episcopal Diocese of Texas in Celebrating the Pauli Murray Feast Online Worship Service June 27 Episcopal Charities of the Diocese of New York Hires Reverend Kevin W. VanHook, II as Executive Director Episcopal Charities of the Diocese of New York An Evening with Presiding Bishop Curry and Iconographer Kelly Latimore Episcopal Migration Ministries via Zoom June 23 @ 6 p.m. ET AddThis Sharing ButtonsShare to PrintFriendlyPrintFriendlyShare to FacebookFacebookShare to TwitterTwitterShare to EmailEmailShare to MoreAddThis Rector Hopkinsville, KY The Church Pension Fund Invests $20 Million in Impact Investment Fund Designed to Preserve Workforce Housing Communities Nationwide Church Pension Group Submit a Press Release Submit a Job Listing An Evening with Aliya Cycon Playing the Oud Lancaster, PA (and streaming online) July 3 @ 7 p.m. ET Rector Martinsville, VA center_img The Church Investment Group Commends the Taskforce on the Theology of Money on its report, The Theology of Money and Investing as Doing Theology Church Investment Group Rector Bath, NC Cathedral Dean Boise, ID Rector Tampa, FL Rector Albany, NY Rector Knoxville, TN Associate Priest for Pastoral Care New York, NY Press Release Service New Berrigan Book With Episcopal Roots Cascade Books Priest-in-Charge Lebanon, OH Assistant/Associate Rector Washington, DC Rector/Priest in Charge (PT) Lisbon, ME Inaugural Diocesan Feast Day Celebrating Juneteenth San Francisco, CA (and livestream) June 19 @ 2 p.m. PT Virtual Celebration of the Jerusalem Princess Basma Center Zoom Conversation June 19 @ 12 p.m. ET Submit an Event Listing Rector Shreveport, LA Family Ministry Coordinator Baton Rouge, LA Seminary of the Southwest announces appointment of two new full time faculty members Seminary of the Southwest Youth Minister Lorton, VA Missioner for Disaster Resilience Sacramento, CA Statement from the ACC concerning those affected by Hurricane Sandy Featured Events Rector Collierville, TN Canon for Family Ministry Jackson, MS Curate Diocese of Nebraska Hurricane Sandy Remember Holy Land Christians on Jerusalem Sunday, June 20 American Friends of the Episcopal Diocese of Jerusalem Director of Music Morristown, NJ Tags Assistant/Associate Priest Scottsdale, AZ Associate Rector for Family Ministries Anchorage, AK Posted Oct 31, 2012 last_img read more

Practical Action appoints TDA for donor acquisition

first_img AddThis Sharing ButtonsShare to TwitterTwitterShare to FacebookFacebookShare to LinkedInLinkedInShare to EmailEmailShare to WhatsAppWhatsAppShare to MessengerMessengerShare to MoreAddThis Practical Action appoints TDA for donor acquisition Development charity Practical Action has selected direct-to-digital marketing agency TDA to create and implement a programme to broaden its audience, recruit new supporters during 2010, and test new approaches to fundraising.The charity has to date appealed mainly to well-educated professionals aged 50+, often with an interest in science or engineering. The acquisition programme will attempt to appeal to and engage with similar people but on a larger scale. Campaign activity is likely to involve both offline and digital activity.Stephen Harvey, Head of Fundraising at Practical Action, said: “We are currently implementing over 100 projects worldwide, and to continue extending our support to more communities we need to secure regular funding from a wider donor base. TDA demonstrated excellent vision and set the scene for recruiting long-term supporters.” Tagged with: Consulting & Agencies Individual giving TDA Howard Lake | 15 March 2010 | News  24 total views,  1 views today AddThis Sharing ButtonsShare to TwitterTwitterShare to FacebookFacebookShare to LinkedInLinkedInShare to EmailEmailShare to WhatsAppWhatsAppShare to MessengerMessengerShare to MoreAddThis About Howard Lake Howard Lake is a digital fundraising entrepreneur. Publisher of UK Fundraising, the world’s first web resource for professional fundraisers, since 1994. Trainer and consultant in digital fundraising. Founder of Fundraising Camp and co-founder of Researching massive growth in giving.last_img read more

Farmers Continue Outreach to Consumers

first_imgHome Indiana Agriculture News Farmers Continue Outreach to Consumers Farmers Continue Outreach to Consumers Facebook Twitter By Andy Eubank – Apr 11, 2016 Facebook Twitter Previous articleCold and Wet Conditions Keep Indiana Planting on HoldNext articlePlant Soybeans Early for Better Yield Andy Eubank SHARE Farmers building bridges with consumersThe US Farmers and Ranchers Alliance is asking farmers to take time this year to thank consumers, agriculture’s customers. They started the movement a month ago at Commodity Classic when crop farmers were encouraged to thank customers who buy and use their products and allow farmers to keep producing.CEO of USFRA, Randy Krotz, says farmers need to continually improve the relationship they have with consumers.“We’ve tried to take the trust consumers have in farmers and ranchers and build it to trust in how we grow and raise our food,” he said. “We think acknowledgment of what an important role consumers have in our businesses is one of the ways to build that bridge and enhance that trust. It’s really and truly more a bridge building effort to make sure consumers get the information about food production from people that grow and raise their food.”Consumers want to know more about their food, and more questions about how food gets to their table are coming from millennials. Krotz says farmers need to help build bridges on the issues of interest and concern to consumers.“Over and over again every year since we’ve been created the four or five issues that stay at the top are GMO’s, usually about number 3 or 4, antibiotics and hormones in meat, crop inputs like pesticides, animal welfare. Those are the issues that consumers repeat they want to learn more about and don’t understand, and they’re some of the vulnerabilities that we have as “anti’s” or activists take on agriculture and in some ways demonize modern day agriculture and the way we produce food. So we’re trying to address that but we have to have that cultural relationship in order to make that happen.”He says consumers want information and transparency from agriculture and he believes farmers are getting more and more comfortable filling that vital role.About U.S. Farmers and Ranchers Alliance® (USFRA®)U.S. Farmers & Ranchers Alliance consists of more than 90 farmer and rancher-led organizations and agricultural partners representing virtually all aspects of agriculture, working to engage in dialogue with consumers who have questions about how today’s food is grown and raised. USFRA is committed to continuous improvement and supporting U.S. farmers and ranchers’ efforts to increase confidence and trust in today’s agriculture. To learn more, follow USFRA on Twitter at Visit them at and YouTube at SHARElast_img read more

FCA Reports on Agricultural Economic Conditions

first_imgSource: NAFB News Service FCA Reports on Agricultural Economic Conditions By Hoosier Ag Today – Dec 18, 2017 SHARE Facebook Twitter Home Indiana Agriculture News FCA Reports on Agricultural Economic Conditionscenter_img Previous articleRyan Martin’s Indiana Ag Forecast for December 18, 2017Next articleHolcomb and Other Republican Governors Meet VP Pence About NAFTA Hoosier Ag Today SHARE The Farm Credit Administration released a quarterly report on economic issues affecting agriculture and updated the financial condition of the Farm Credit System. The report says the USDA is predicting farm income will stabilize near its historical average. The USDA is predicting an increase in farm income, rising from $93.3 billion in 2016 to 96.9 billion in 2017. Factors driving the gain include stronger cash receipts for cattle and calves, hogs, broilers, and dairy. Cash receipts for most crops are forecast lower for 2017. With inflation adjustment factored in, net-cash income is near the long-term average (1960 to 2016) for the second-straight year. The report also says several economic and policy issues could affect the Farm Credit System. Strong crop production levels are dragging down prices. That means increasing demand will be a key for the crop and protein sectors.The report also says changes to farm and trade policy could affect farm income and the ability of farmers to manage risk. Concerns remain about whether or not farmers have enough liquidity to cover farm expenses and pay loans. Overall, the report says the System is safe and financially sound, and should be able to face the risks posed to agriculture. Facebook Twitterlast_img read more

Judges begin delivering lengthy verdict in Collins murder trial

first_imgEmail NewsBreaking newsJudges begin delivering lengthy verdict in Collins murder trialBy Staff Reporter – July 15, 2014 714 Advertisement Twitter Print Linkedincenter_img WhatsApp Andrew Carey from the Special Criminal CourtIT is a case of standing room only in Court number 11 of the Special Criminal Court in Dublin’s Criminal Courts of Justice building as the two murder accused men, Wayne Dundon and Nathan Killeen await the verdicts of the three judges of the non jury court in the Roy Collins murder trial.Sign up for the weekly Limerick Post newsletter Sign Up 36 year old Wayne Dundon and 24 year Nathan Killeen have denied any role in the murder of the 35 year old father and Limerick businessman Roy Collins on April 2, 2009.The State through senior counsels Michael O’Higgins and Sean Guerin, that Dundon ordered the murder while he was in custody at Wheatfield Prison and that Nathan Killeen was the getaway driver for another man, 28-year-old James Dillion.Dillion was the gunman who shot Roy once in the chest.He died shortly after being brought to hospital in Limerick.The three judges have begun reading the judgement. Facebook Previous articleLimerick FC unveil Martin Russell as new managerNext articleRussell promises long-term focus at Limerick FC Staff Reporterhttp://www.limerickpost.ielast_img read more

Calls for Jobpath programme to be scrapped

first_img Important message for people attending LUH’s INR clinic Pinterest Pinterest Previous articleHundreds experiencing major water supply disruptions in CockhillNext articleCasey’s PR agency apologise for re-tweeting controversial Late Late Show video News Highland By News Highland – November 14, 2018 Google+ Donegal Deputy Thomas Pringle has called for the Jobpath programme to be abolished claiming recent figures from the Department of Employment Affairs and Social Protection suggest its impact on employment is not worth the money invested in it by the Government.Figures obtained by Deputy Pringle show that Jobpath only helped a further 2% of individuals gain full-time employmentHe believes the money would be better spent on housing, schools or increasing benefits for part-time workers. DL Debate – 24/05/21 Twitter Facebook RELATED ARTICLESMORE FROM AUTHOR Google+center_img Arranmore progress and potential flagged as population grows News, Sport and Obituaries on Monday May 24th Facebook Homepage BannerNews Twitter WhatsApp WhatsApp Loganair’s new Derry – Liverpool air service takes off from CODA Calls for Jobpath programme to be scrapped Nine til Noon Show – Listen back to Monday’s Programmelast_img read more