Financial Wellbeing of Staff

In July 2016 a YouGov Shelter report found that more than one in three (37%) of UK households were teetering on the brink of homelessness, unable to pay more than a month’s rent or mortgage if they lost their income. 

Between 2008 and 2014 cost of living went up 28% whilst salary grew by just 9%. 

The Bank Workers Charity has produced a new report that highlights how £120bn of productivity is lost per year because of it and the actions employers can take to reduce the financial cost and negative impacts on our staff.


Full report:

‪http://thewellbeingpulse.com/wp-content/uploads/2017/01/Employee-financial-wellbeing-Time-to-do-more.pdf

WASPI Campaign: for Women’s Pension Equality for those born in the 1950s


As a ‘younger’ man, a member of the Labour Party, and a Local Councillor: I’m proud to stand shoulder to shoulder with #Lewisham’s WASPI (Women Against State Pension Age Inequality) @WASPI_Campaign campaigning for Women’s Pension Justice for those born in the 1950s
Women born on or after 6th April 1951 have been unfairly affected by the changes to State Pension Age in 1995, and 2011. Many have been pushed into financial hardship and shockingly most were not informed of the changes until two years before retirement, making financial planning for retirement near impossible.
If you’d like to support the campaign you can take action too:
http://www.waspi.co.uk/action

#FairIsFair #PensionEquality

The government’s unfair retrospective changes to student loans


The Chancellor George Osborne announced during the Autumn Statement to retrospectively increase your student loan repayments by £306/yr until a students debt is repaid, he also decided future student nurses & other NHS Bursary supported students will no longer get a bursary, instead they will have to take loans instead. On top of this, Maintenance Grants for the poorest students may also be stopped.
Currently, students in England who started university from 2012 will pay 9% of everything earned above £21,000 a year (or £1,750/month pre-tax salary) once they graduate.In 2010, the Government promised that from April 2017 this repayment threshold would be upped each year in line with average earnings. This meant graduates would have been spared having to repay more of their income towards their student loans, and fewer would have had to start repaying them in the first place.

It has now backtracked on the promise given to students, effectively hiking costs retrospectively. A move that, according to the Government, will mean more than two million graduates will end up paying £306 more each year by 2020-21 if they earn over £21,000.

The current government plans to scrap maintenance grants for full-time Higher Education students in England and replace them with more loans instead.

FACT: Maintenance Grants support thousands of students from the lowest income households every year, and the Government’s plan will saddle poorer students with yet more debt.

If the government gets its way and maintenance grants are replaced with loans, the impact will be detrimental to hundreds of thousands of the poorest students studying in England for years to come.

What are maintenance grants and what are the proposed changes?

Maintenance grants are given to students from lower income households to help with their living costs.

The maximum grant is £3,387 per year for students whose household income is less than £25k.

NUS understands that currently, approximately 500,000 students rely on maintenance grants

The government proposals would stop all grants to new students from September 2016, forcing poorer students to take on further debt to fund their studies.

Student Nurses & NHS Bursaries

The Government’s decision to replace nursing students’, midwives, occupational therapists, speech and language therapists, podiatrists, radiographers, dietetics, ODP’s and other students on NHS supported bursaries with loans is extremely disappointing.

Those who made this decision simply don’t understand that NHS funded courses are not like other degrees.

They don’t understand that 50% of course time is dedicated to unpaid clinical practice, caring for real people and their families. They haven’t grasped that the academic year is longer, which means there are fewer opportunities to earn money between terms.

From September 2017, any student applying for a nursing degree will have to take out a loan to cover their tuition fees.

UNISON has calculated that a student graduating in 2020 could leave with debts over £50,000, yet be starting in the workplace on a salary under £23,000.

Partnerships against crime

Lewisham Council’s Multi-Agency Operation on Catford Broadway

Following concerns I have raised on behalf of local residence about the The Broadway in Catford I’m pleased to announce Council Officers organised a targeted multi-agency operation to clean up the main market street in our Ward, this work formed part of a day of action across the borough.

Officers from the Police, UK Border Agency, Council Crime Reduction Service, Environmental Enforcement, Food Safety, Trading Standards and Parking, visited the Broadway from 9:30am to undertake visits to premises and deal with any ‘on the street issues’ as they were identified. There was a very strong visible presence on the Broadway which was recognised by the local businesses and visitors to the area.

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Living Standards and Wages crash under Tory Government

Osbourne says that the Torys saved the economy, but the average person is £1,500 worse off now than in 2010

Osbourne says that the Torys saved the economy, but the average person is £1,500 worse off now than in 2010

under the first 37 of 38 months under Camerson real Wages have fallen

under the first 37 of 38 months under Camerson real Wages have fallen

Since 2010, the rise in wages has been outstripped by the rise in rent

Since 2010, the rise in wages has been outstripped by the rise in rent

The rise in the cost of Heating our homes has been significantly higher than wages

The rise in the cost of Heating our homes has been significantly higher than wages

Barratt Homes confirmed as Catford Dog Track Developer with 1/5th affordable housing

The former Catford Stadium is to be turned into more than 500 homes, the Mayor of London has announced.

The original planning application approval proved to be ugly controversial because of the design and density of the build – splitting the vote of the council.

The historic greyhound track in south London closed in 2003 after years of falling attendances.

Boris Johnson said the £117m redevelopment, by Barratt Homes, would create more than 1,000 jobs, on the assumption of two jobs for each home.

He said 113 of the 589 properties would be for “affordable rent”, and 60 would be earmarked for shared ownership.

Mr Johnson said there was “unprecedented demand” for housing
The 4.7 hectare site was owned by leisure group Wembley when it was a greyhound track, before being acquired by English Partnerships in 2004. It was destroyed by fire the following year.

The land was transferred to the Greater London Authority last year under the Localism Act.

Mr Johnson said London’s “unbeatable allure” meant “unprecedented demand for housing”.

He added: “The transformation of Catford Dogs, which for the last decade has been left empty and unused, will not only bring hundreds of new homes to the heart of London, but will feed into the wider regeneration of Catford Town Centre.”

The mayor said the redevelopment would make the area “an even better place to live” and inject new jobs and growth “into one of the capital’s key opportunity areas”.

Catford Stadium was founded in 1932 and attracted large crowds until the legalisation of betting shops in 1961, which hit attendances at tracks throughout the country.

Work on the development is expected to start by early 2014 and be completed by 2017.

Catford Dog Track to be developed by Barratt Homes?

Catford Greyhound Stadium succumbed to the bulldozers after closing nearly a decade ago but the derelict south London site will soon play host to almost 600 homes.

Barratt Developments is in pole position to lead the £50 million redevelopment, creating nearly 1200 jobs and 589 flats and houses, according to Construction News. Reports the Evening Standard

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Boris bids to make London an electricity supplier

London Mayor Boris Johnson has put in a bid to enable London’s small energy producers to sell energy back to the grid.

If successful, the move is expected to boost the capital’s small energy producers and help encourage low carbon electricity generation methods.

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Average wages vary wildly, how do you fair?

New figures show that the average woman only earns £250 more than the £24,000 necessary to ensure your children don’t live in poverty, with male equivalents earning almost £6,500 more,

Rather than taking the official government statistics which are updated only every few years, salary experts PayScale.com are giving market insight into current remuneration based on a number of integers.

How well does your pay fair?

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G4S: Profits fall by 32% over Olympic fiasco

Annual profits fell by a worse than expected 32% at G4S, the firm at the centre of last year’s Olympics security fiasco.

Pre-tax profit for 2012 dropped to £175m from £257m the previous year as a result of a £70m loss on its contract to supply security personnel to the Olympic and Paralympic Games in London.
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