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THE MINIMUM WAGE will rise from €8.65 to €9.15 per hour. This increase will kick in from 1 January.
This brings the minimum wage in line with the Low Pay Commission’s recommendation to increase the National Minimum Wage by 50 cent an hour.
A single person on minimum wage will gain €708, a wage increase of 7.82%.
Flagging his intention to make this change as far back as July, Taoiseach Enda Kenny said “work should pay more than welfare”.
Business groups may not welcome today’s announcement, who have been critical of the move in the past.
During the summer months, ISME stated there is no justifiable economic argument for imposing a 6% increase on SMEs when inflation is practically zero.
Meanwhile the Small Firms Association called on the government to reject the proposals, and freeze the minimum wage for the next three years.
Following today’s announcement, Ibec said more should have been done to off-set the cost of the minimum wage increase for small business by reducing PRSI.
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Just watched this onl eaders questions.
Kenny is such a fool, he thinks the good old banks will do the right thing and if they dont the new insolvency legislation coming into force in March 2013 will make them.
RTE for once pointed out that the Banks have a Veto on the insolvency law.
A FF spokesman said a Paramedic he knows cant even afford to switch on the heating for his 3 kids because of mortgage debts. (Example of Unifit Parents for the new Childrens referendum?).
But meanwhile that Joke of a leader thinks everything is rosy in Ireland. I bet Kenny wont ever have to worry about heating his home or paying debts with his huge 200K plus pension and multiple pensions.
200k salary and multiple pensions I should have said!
Last related article at the end of the page says it all really, 1 in 5 mortgages will default by 2013…..
Nothing wrong with defaulting. The banks were bailed out with €70 billion of the people’s money. Apparently, Kenny thinks it’s OKAY to continue paying their bondholders.
“Nothing wrong with defaulting” .
Except unfortunately based on the past performance of the government they will bail them out more on the mortgage default, and pass it on to the tax payer. Banks will always be the winner. Tieing private debt to public debt was basically signing our country away to speculators, and forcing our children to be slaves for the European elite
‘Banks know what government wants them to do’, Taoiseach?
But more important, governments are doing what private bankers want them to do.
You were elected to govern in our interests and put manners on these white-collar criminals(see under Iceland/Democracy/Cojones).
They were NOT elected by ANYONE to siphon off our wealth to repay gambling speculators.
And neither were you elected to continue business-as-usual with implementation of FF/PD blank-chequery for unsecured bondholding billionaires.
We voted a change of government, not of shirt.
Kenny all bluster and feck all else.
Headline should read ” Government knows what the banks want them to do “
1 in 5 will default,solution sit down with chartered accountant paid for by bank to go through options put forward by bank.This will work no question about it.Lastly still no mention of buy to let mortgages,absolutly thousands of these in trouble not even being addressed.
Apparent that Fine Gael don’t care about people. FG only care about Merkel.
Una Dev
Who do you think will be paying to refinance the Banks a second time……Santa Claus?
Paddy the banks have already been recapitalised including provision for bad mortgage debt.The banks are sitting on this money instead of recognising the loss.This is only prolonging the obvious and delaying any hope of recovery in the domestic economy.
It just dawned on me how brainwashed some Fine Gael supporters really are!
Una
Yes they are brainwashed … But do not let them bully you .
Since most of the banks are now state owned , which means they are owned by the people , shouldn’t we TELL the banks what we want ? . They have taken our money to bail them out , it’s time to for them to repay this debt
Didn’t work because you allowed the removals at the Gestapo hour of 3a.m.
Ireland, brief a nation, now a province once again.
Worry yourself not Jason.
From your self-satisfied response I doubt you are much more awake in or out of your bed.
Sweet daydreams.
Very good.
Post you supercilious troll, and then accuse those who respond of being in search of reaction.
So, while your waiting for your fuhrer to ‘get the Irish people on side from day 1′, your direction is to deride any who make an effort to kick start solidarity.
The name for that is ‘useful idiocy’. I trust you will be awake enough to know who you are of use to.
Thats the trouble with fascisms, they do neither self-awareness nor the necessary precursor self-criticism.
And they too grow gradually.
Don’t take that personally, its meant as a general observation. And a caution.
People of Ireland : Government know what the Electorate voted them in for
.
Doesn’t mean its going to happen though
Anyone feel like Ireland is a third world country being asset stripped and our government are standing by letting it happen,sure twill be grand they’ll say…. My arse…. What about our fecking resources sector that should exist and hike to tax take on it. It all helps, bring back INPC
True.
Kids know what their parents, want them to do but they don’t do it. So Enda, grow a pair and lay it out for them!
Can I get this right in my head? If you can’t / won’t pay your mortgage and I’m sure there are plenty who won’t pay you just hang on until this insolvency bill is passed and demand the bank to give you a write down. What will happen to the people busting a gut and paying? just keep paying? great solution where do I sign up?
To get any write down through the new banking legislation will require at least 65% of all creditors to agree to your debts being wrote down.
In other words the Banks have a Veto on any write downs through the new insolvency legislation.
nice one Enda, bending over for the Banks since 2008.
Snuffbox your right lets only help bondholders,developers and bankers.Our neighbours,friends and loved ones well tough sh#t.Their problem right?Sadly no if you have debt forgiveness an entire generation will be economic zombies and a drag on the domestic economy.As i said earlier the banks already have the money to allow for mortgage debt writedown.We gave it to them 2to 3 years ago.
Sorry “if you have no debt forgiveness”is what i meant.
“Banks know what the Govt wants them to do”……. But they still won’t do it…..
either the banks do as they`re told or replace the over paid staff with someone that will………simple
sorry Phillip, I think you have Ireland confused as a country where the government care about the people. Reality is Enda & the boys couldnt give a shit.
Philip
Who is going to tell them ? Enda and Co are Cowards and will not upset the banks . Did you see The Frontline on Monday night just gone ? Brian Hayes sitting like a nodding dog beside the man from the banks ! Grrr !
Revolution may have made Ireland independant, but it will take another revolution to set the country free.
I love that word ”verbage” it sounds like verbal garbage, which is exactly what Kenny speaks. Verbal Garbage .
I agree there’s nothing wrong with defaulting , but it will benefit the same greedy speculators who couldn’t control there greed that will take advantage from this.
In my view this insolvency law is going to cause more problems that it solves. It sounds like a bad piece of legislation. The UK looks like a good,
damn phone! the uk looks like a better deal than here if your unemployed. if you go there & declare bankruptcy you could actually sort it out before the legislation is in place here & be discharged by the end of next year. Again the government fails it people.
Teenagers should feel outraged that the Banks way of doing thigs is compared the their them.
Large fingers?Still know what you meant though.My 13 year is incensed at the comparison.
Kenny said that he was “not satisfied with the pace of resolution”
I love it when Kenny tries to appear as some kind of disinterested bystander.
have your say