Public sector pay freeze.

[foxhole]

How does this affect self employed?

 

[EFLImpudence]

Some of their potential customers have less money than they otherwise would.

 

[foxhole]

Some of their potential customers have less money than they otherwise would.

Sorry was referring to those self employed in the public sector.

 

[EFLImpudence]

I don't understand, who are they? - but does it make a difference?

If the population, some or all, has no pay rise, then less will be spent on the services of the self-employed and everything else.

 

[JohnD]

if the workers get less wages, the company will continue to make as much money as it can. The extra profits will end up in the pockets of the shareholders, or more likely the directors and senior managers.

For example:
"Shares in JD Wetherspoon jumped 12.4% by the close, as the pub group reported a rise in full-year sales and profits.
In the year to 30 July, profits before exceptional items rose 27.6% to £102.8m with total sales up 4.1% to £1.66bn.
Like-for-like sales - which strip out the impact of pub openings and closures - rose 4%, and are up 6.1% since the start of August."
http://www.bbc.co.uk/news/business-41277906

"J D Wetherspoon PLC (JDW:LSE) set a new 52-week high during Monday's trading session when it reached 1,291.00. Over this period, the share price is up 33.02%."
https://markets.ft.com/data/equities/tearsheet/summary?s=JDW:LSE

Five years ago the share price was about £5

Can anyone tell me how much the pay of bar staff has gone up?

The pro-Brexit boss of Wetherspoons moans about the minimum wage going up. This gives a clue of his pay policy.

Here's a funny thing
https://www.jdwetherspoon.com/tims-viewpoint/martin-wolf

 

[JohnD]

On the other hand,
"
17th July, 2017 by Arabella Mileham
Conviviality has seen its profits before tax soar by more than £13.4m – an increase of 147% on the same period last year – to around £22.5 million."
https://www.thedrinksbusiness.com/2017/07/convivialitys-profits-rise-by-more-than-13m/

 

[Ihavenojob]

Spoons staff get above minimum, closer to the living wage, think they also ditched zero hours. They offer great value & choice so can't understand anyone knocking Tim.
Except the competition.

 

[EFLImpudence]

What does it have to do with Public Sector Pay Freeze?

 

[Ihavenojob]

Wetherspoon has nothing to do with public sector workers, just putting a point across to Johnd. Most company's have been restricting pay rises, not just public sector workers.

 

[foxhole]

I don't understand, who are they? - but does it make a difference?

If the population, some or all, has no pay rise, then less will be spent on the services of the self-employed and everything else.

Foster carers, they are having pay restricted , but are self employed, worst of both worlds.

 

[motorbiking]

self employed people are not employed by the public sector. They have customers so to speak, those customer may or may not agree to higher rates.

 

[Doggit]

How does this affect self employed?

[QUOT]Foster carers, they are having pay restricted , but are self employed, worst of both worlds.[/QUOTE]

Foster careres aren't self employed, they are paid by the state, so they'll get their "wages" frozen, or increased in the same way that all the other public sector workers do.

 

[foxhole]

Totally incorrect , foster careers are self employed.They are paid by local councils or private companies.

 

[big-all]

Sorry was referring to those self employed in the public sector.

is this a bit crytic lol??
public sector workers are employed by the government and self employed are not
do you mean self employed bidding for public sector contracts ??

 

[foxhole]

is this a bit crytic lol??
public sector workers are employed by the government and self employed are not
do you mean self employed bidding for public sector contracts ??

Not as simple as that(assume you meant cryptic?)