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AngerS agree with your comments can I just check (not wanting to listen to it again) did DW actually say they they didnt welcome the ACAS suggestion? I thought he said it was embarrassing for the business to suggest it but not sure if they have ruled it out. I can hardly see how they can refuse as surely that would leave them exposed.
Of course the CWU are pushing their interpretation of the messages from the business. An example would be around sick leave it sounds like it is going to be drastically changed. My understanding is the business is proposing a change to the number of absences that trigger warnings from I believe 4 absences in a year to 4 within 6 months but importantly sick pay will stay as it is currently full pay for 6 months and half pay up to a year. This is planned to change in April 23.
A colleague has suggested that the business has given notice on around a third of current agreements so obviously two thirds remain of course some will be more critical to some more than others.
Talk2much I agree lots of ways to look at new duty structures and coverage it would take a lot of planning and would have to be phased in but until we get further clarity and proposals and discussions around we cant really say how it would or would not work. Your points re attrition is also my thinking no need for any major resource reductions.
Another live seesion from the CWU tonight at 7pm hopefully some positive soundings from that.
I've been watching the SP for a while and waiting for it to settle. I went long today around 198 as it looks as though we get some upside. Wider markets have not stopped falling however and the new government settling in could cause additional volatility.
Talk2Much, "those happy to work weekends and later hours can do, those wanting to work Monday to Friday can do".
Can you apply to be the next RM UK CEO please?
I have asked my line manager many questions regarding the proposed changes to terms and conditions. He has answers for some but not for others especially when it comes down to proposals to change attendance patterns and times. It would appear that the BoD threw that idea out there without thought of any details as they probably didn't anticipate that it might actually happen?
As certain agreements have been withdrawn from the end of October, I imagine that we will find out although you can be sure that if it does happen it will take several revisions to actually have anything that resembles a near working model.....lol
"Those happy to work weekends and later hours can do, those wanting to work Monday to Friday can do."
If only it was that simple.
The whole USO argument is getting very frustrating. The CWU saying RMG want to "undermine the USO" - that looks to me like it couldn't be further from the truth. It was Ofcom themselves who, a couple of years ago, said that the vast majority of customers would be just as happy with a 5 day letter service as a 6 day letter service. Parcels under the USO at the time were only a 5-day service - I've not checked to see it that's still the case.
With letters continuing to be in decline, I would say a 5 day service is very workable, and could also make structural change much easier. It won't exactly cost people jobs as there are so many vacancies, and the attrition rate would quickly resolve any surplus.
Imagine - loads of posties get the opportunity to work Monday to Friday, but then you can offer jobs with rotating days off or simply a different structure to deal with a 7-day parcel service.
People are moaning about being unable to find a workable solution, what would be so bad about a solution like this?
Those happy to work weekends and later hours can do, those wanting to work Monday to Friday can do.
The cwu union have just died right there….**** scared of going to acas as they no acas will side with r/m….posties need to just sit back and await the onslaught of change…music to r/m ears…they can then challenge any legal route the union takes saying they exhausted all negotiations…the cwu bottled it…clueless springs to mind…the union should be ashamed of where they have taken the workforce..now down a one way road with no way of turning back…just to save face…embarrassing really :-(
Oligarch you are probably correct particularly for the energy sector. Although I dont want to repeat what has already been said but I still think the USO will remain a live issue for sometime. It may be that should the takeover happen VESA need to take it on perhaps in a revised format or perhaps the government of the day will need to nationalise the USO element.
Who knows perhaps the radical plan Dave W has mentioned today will sway the business to re look at what could be done with it in exchange for other changes. I doubt it as the course seems set. As always we shall see.
JB, renationalisation of any of the utility companies and/or Royal Mail isn't going to happen.....ever..... The genie has been out of the bottle for much too long now.....
Re budget all a bit of a gamble but some will gain instantly whilst others will have to wait for the trickle down impact. We appear to be jumping from plan to plan.Our debt will need to be carefully managed over the coming years/decades.
Better to do something than not but Truss and Kwarteng wont lose out on the gamble as they will pick up jobs when they move on. Also reported that Odey Asset management have made a significant amount on betting against the £ after the mini budget suggesting they had a tip off. Surely not!!
I think most people would pay a bit more tax as long as you see a significant improvement in servise. BOE will step in and increase interest rates probably in November according to some reports if not before
Interesting videos on CWU FB page from Labour Party Conference where Dave Ward gave a good speech to an agreeable audience. Mentioned VESA and takeover and USO and gave Kier S a clear challenge on renationalising RMG.
I read another article from Sharon Graham Unite on a discussion she had with Kier S last week about discussing at conference about renationalising energy and water companies and it was dismissed and will not be considered at this conference. Perhaps KS sees it better to keep them private and hit them with windfall taxes. Perhaps he/Labour may take a difference view on RMG who knows. AIMO
beatrootjuice, it looks similar to when Labour voted for the wrong Miliband?
Can't understand why they didn't raise the tax threshold instead of lowering tax by 1%? That would have helped many more people earning normal wages and would have still given then a chance to win the next general election. Giving someone earning a normal wage £300 off their tax bill when someone earning £150k gets £5k off theirs is political suicide. Winning an election I now don't think will be possible. Can't understand why they didn't vote for the ex money man Sunak in times when the purse strings could have done with someone more qualified than Truss to sort thigs out?
How things are he might think he has dodged a bullet
Dowsie, let's hope that it's an uncomfortable one. I wonder if they will ask Sunak for his expert view?
After today discussion there is a program on sky showcase at 9 o’clock about Liz Truss risks with are money could be a good watch or even an uncomfortable one
anger if you use twice as much energy as next door you pay through the amount of kwh you use.... me personally i would have left it to the markets to sort... like the ftse does with royal mail.... like the govt did with covid and energy support they will be abused and directed to the people that do not need support.... like abolishing the 45% tax band.... one thing i agree with is reducing corporation tax... now that's welcome...
anger I voted tory for law and order and rewarding people that work...that was their manifesto...
anyway have a great evening all.
anger then distribute it fairly universally.... just my opinion and others that will vote the Tories out next election..... and by the way I have voted tory for 40 years may I say
Sorry Invesorjohn I didn’t realise the market dictates what interest we pay on are debt . I just thought if interest rates were going up that meant more interest to pay on the debt. But one question if interest rates are going up and the pound is going down wouldn’t the markets then raise the interest we pay on the debt
anger the higher earners still got £400 like us and the cap on price.... i am not against high earners but in todays situation its a kick in the balls to the working class would you not agree?
and even more. so we will have to borrow big time to prop up the sinking £... paid for by me and you and our grandchildren with rising interest rates like we did to protect the £ in 1992 against the Deutsche Mark to no avail... remember George Soros? he made a fortune betting against the £ and we are still paying it back... failed economics!!!!!!!
Dowsie
The market decides what interest rate the UK pays on its debt not the BOE and it’s not looking pretty. What a mess.
In terms of UK debt I’m sure I read that our government has borrowed less than any of the G7 nations? I’m sure someone will correct me on that if I’m wrong… anger... so that's ok then? we may have borrowed less than G7 nations but borrow more to give the wealthy!!!!!
as a tory voter I feel they have really messed up... with all the inflation going on and the real working class cutting back it makes a mockery of all that's going on.... the real spenders in the economy are the working class. once you close their wallets then you have a recession... that's why parcel companies are in trouble... who do you think buys the parcels to deliver??? all they have done is play into the opposition's hands. weaker pound, ftse based on strong pound dropping like a stone, debt up to their eyeballs and having to give away billions on energy relief after the covid fiasco...... not a good time to invest in GB PLC imho.
mike as I said I feel your pain...... and spelt correctly by the way maximus....