‘Development of purchasing power is downright disappointing'

‘Development of purchasing power is downright disappointing’

For many workers it is increasingly difficult to make ends meet due to lagging incomes, higher taxes and rising expenses, says the trade union VCP in a first reaction.

“The expected purchasing power picture is downright disappointing, if you look at the prosperous economic recovery,” says VCP chairman Nic van Holstein. According to Van Holstein, the purchasing power picture is not only disappointing for working people, this also applies to the elderly with a supplementary pension. “Disposable income must be structurally increased to keep life affordable. Politics should not leave it at rumblings in the margins.”

Default

“The government is faltering on all sides and is failing to deliver,” says Reinier Castelein, chairman of the trade union De Unie. “From overdue benefits and support packages, incorrectly collected taxes, contradictory climate policy to inadequate care. Even forming a cabinet is not possible. In the meantime, the costs continue to rise and this is offset by little or no purchasing power. It is a recipe for dull misery.”

Elderly

The fact that the elderly seem to make little progress next year is ‘unacceptable’ according to elderly organizations. “Since 2012, workers have increased by more than 20% in purchasing power, retirees are down by more than 1%,” write Anbo, KBO-PCOB, Koepel Gepensionerende and NOOM in a joint response. “The caretaker cabinet and a new government now really have to ensure that the purchasing power development for all groups keeps pace.”

‘Development of purchasing power is downright disappointing’ | Financial
Source link ‘Development of purchasing power is downright disappointing’ | Financial

Internet Explorer Channel Network
News Related

OTHER NEWS

Sun Pharma launches drug to treat Plaque psoriasis in Canada

Revlimid is a blockbuster blood cancer drug with sales of $12.1 billion for BMS in 2020. Homegrown pharma major Sun Pharmaceutical Industries Ltd on Thursday said it has launched its ... Read more »

Buy Ambuja Cement; target of Rs 445: Prabhudas Lilladher

Prabhudas Lilladher’s research report on Ambuja Cement Ambuja Cement (ACEM) reported Q3CY21 EBITDA with 5%/3% miss on our/consensus estimates (CE). Miss was on account of higher than expected raw material ... Read more »

Buy Bajaj Finance; target of Rs 9092: Prabhudas Lilladher

Prabhudas Lilladher’s research report on Bajaj Finance While BAF’s Q2FY22 earnings (PAT at Rs14.8bn vs PLe: Rs15.4bn) missed our estimates on account of elevated collections costs and employee hiring, yet ... Read more »

L&T's construction arm bags 'large' order from CPWD

Engineering major Larsen & Toubro (L&T) on Thursday said its construction arm has bagged a ’large’ order for its buildings and factories business from the Central Public Works Department (CPWD). ... Read more »

Beyondlife.club launches drop wallet for Amitabh Bachchan NFT collection

[Image: Shutterstock] Megastar Amitabh Bachchan recently announced the launch of his limited edition non-fungible token (NFT) collection on NFT exchange platform Beyondlife.club and the platform now has developed a wallet to carry out all the ... Read more »

Starbucks Korea will launch free job training programs for youths

Photo by: BBIDDAC/Unsplash Starbucks Korea will be offering free training to youths who would like to work as baristas. The company is starting a program for the youth next year, ... Read more »

Lupin Consolidated September 2021 Net Sales at Rs 4,091.33 crore, up 6.68% Y-o-Y

Reported Consolidated quarterly numbers for Lupin are: Net Sales at Rs 4,091.33 crore in September 2021 up 6.68% from Rs. 3,835.00 crore in September 2020. Quarterly Net Loss at Rs. ... Read more »

Amarjothi Spin Consolidated September 2021 Net Sales at Rs 76.30 crore, up 61.77% Y-o-Y

Reported Consolidated quarterly numbers for Amarjothi Spinning Mills are: Net Sales at Rs 76.30 crore in September 2021 up 61.77% from Rs. 47.16 crore in September 2020. Quarterly Net Profit ... Read more »

PSP Projects Consolidated September 2021 Net Sales at Rs 390.44 crore, up 60.62% Y-o-Y

Reported Consolidated quarterly numbers for PSP Projects are: Net Sales at Rs 390.44 crore in September 2021 up 60.62% from Rs. 243.09 crore in September 2020. Quarterly Net Profit at ... Read more »

United Brewerie Consolidated September 2021 Net Sales at Rs 1,427.01 crore, up 58.57% Y-o-Y

Reported Consolidated quarterly numbers for United Breweries are: Net Sales at Rs 1,427.01 crore in September 2021 up 58.57% from Rs. 899.90 crore in September 2020. Quarterly Net Profit at ... Read more »

Kopran Consolidated September 2021 Net Sales at Rs 127.57 crore, up 7.2% Y-o-Y

Reported Consolidated quarterly numbers for Kopran are: Net Sales at Rs 127.57 crore in September 2021 up 7.2% from Rs. 118.99 crore in September 2020. Quarterly Net Profit at Rs. ... Read more »

Tata Chemicals Consolidated September 2021 Net Sales at Rs 3,022.63 crore, up 15.84% Y-o-Y

Reported Consolidated quarterly numbers for Tata Chemicals are: Net Sales at Rs 3,022.63 crore in September 2021 up 15.84% from Rs. 2,609.35 crore in September 2020. Quarterly Net Profit at ... Read more »

PNB Consolidated September 2021 Net Interest Income (NII) at Rs 6,549.61 crore, down 23.48% Y-o-Y

Reported Consolidated quarterly numbers for Punjab National Bank are: Net Interest Income (NII) at Rs 6,549.61 crore in September 2021 down 23.48% from Rs. 8558.98 crore in September 2020. Quarterly ... Read more »

CEOs urge world leaders to 'Do More Together' in race to net-zero emissions

Representative image (Source: Shutterstock) A group of nearly 100 CEOs from across the world, including from India, on Thursday urged governments to take decisive action at the upcoming COP26 Summit ... Read more »

Dalmia Bharat Consolidated September 2021 Net Sales at Rs 2,577.00 crore, up 6.93% Y-o-Y

Reported Consolidated quarterly numbers for Dalmia Bharat are: Net Sales at Rs 2,577.00 crore in September 2021 up 6.93% from Rs. 2,410.00 crore in September 2020. Quarterly Net Profit at ... Read more »

Oracle Fin Serv Consolidated September 2021 Net Sales at Rs 1,280.97 crore, up 6.98% Y-o-Y

Reported Consolidated quarterly numbers for Oracle Financial Services Software are: Net Sales at Rs 1,280.97 crore in September 2021 up 6.98% from Rs. 1,197.39 crore in September 2020. Quarterly Net ... Read more »

KPR Mill Consolidated September 2021 Net Sales at Rs 1,211.34 crore, up 28.6% Y-o-Y

Reported Consolidated quarterly numbers for KPR Mill are: Net Sales at Rs 1,211.34 crore in September 2021 up 28.6% from Rs. 941.92 crore in September 2020. Quarterly Net Profit at ... Read more »

Cosmo Films Consolidated September 2021 Net Sales at Rs 759.37 crore, up 35.66% Y-o-Y

Reported Consolidated quarterly numbers for Cosmo Films are: Net Sales at Rs 759.37 crore in September 2021 up 35.66% from Rs. 559.78 crore in September 2020. Quarterly Net Profit at ... Read more »

SIS Consolidated September 2021 Net Sales at Rs 2,430.93 crore, up 12.65% Y-o-Y

Reported Consolidated quarterly numbers for SIS are: Net Sales at Rs 2,430.93 crore in September 2021 up 12.65% from Rs. 2,157.86 crore in September 2020. Quarterly Net Profit at Rs. ... Read more »

Hybrid Fin Ser Consolidated September 2021 Net Sales at Rs 1.33 crore, up 42.53% Y-o-Y

Reported Consolidated quarterly numbers for Hybrid Financial Services are: Net Sales at Rs 1.33 crore in September 2021 up 42.53% from Rs. 0.93 crore in September 2020. Quarterly Net Profit ... Read more »

Eimco Elecon Consolidated September 2021 Net Sales at Rs 10.85 crore, down 67.59% Y-o-Y

Reported Consolidated quarterly numbers for Eimco Elecon (India) are: Net Sales at Rs 10.85 crore in September 2021 down 67.59% from Rs. 33.48 crore in September 2020. Quarterly Net Profit ... Read more »

PSP Projects Standalone September 2021 Net Sales at Rs 390.44 crore, up 60.62% Y-o-Y

Reported Standalone quarterly numbers for PSP Projects are: Net Sales at Rs 390.44 crore in September 2021 up 60.62% from Rs. 243.09 crore in September 2020. Quarterly Net Profit at ... Read more »

Eimco Elecon Standalone September 2021 Net Sales at Rs 10.85 crore, down 67.59% Y-o-Y

Reported Standalone quarterly numbers for Eimco Elecon (India) are: Net Sales at Rs 10.85 crore in September 2021 down 67.59% from Rs. 33.48 crore in September 2020. Quarterly Net Profit ... Read more »

Tata Chemicals Standalone September 2021 Net Sales at Rs 847.00 crore, up 18.06% Y-o-Y

Reported Standalone quarterly numbers for Tata Chemicals are: Net Sales at Rs 847.00 crore in September 2021 up 18.06% from Rs. 717.46 crore in September 2020. Quarterly Net Profit at ... Read more »

Dalmia Bharat Standalone September 2021 Net Sales at Rs 34.00 crore, down 2.86% Y-o-Y

Reported Standalone quarterly numbers for Dalmia Bharat are: Net Sales at Rs 34.00 crore in September 2021 down 2.86% from Rs. 35.00 crore in September 2020. Quarterly Net Profit at ... Read more »

Butterfly Standalone September 2021 Net Sales at Rs 403.12 crore, up 39.61% Y-o-Y

Reported Standalone quarterly numbers for Butterfly Gandhimathi Appliances are: Net Sales at Rs 403.12 crore in September 2021 up 39.61% from Rs. 288.75 crore in September 2020. Quarterly Net Profit ... Read more »

SIS Standalone September 2021 Net Sales at Rs 812.97 crore, up 13.46% Y-o-Y

Reported Standalone quarterly numbers for SIS are: Net Sales at Rs 812.97 crore in September 2021 up 13.46% from Rs. 716.52 crore in September 2020. Quarterly Net Profit at Rs. ... Read more »

Oracle Fin Serv Standalone September 2021 Net Sales at Rs 956.69 crore, up 11.7% Y-o-Y

Reported Standalone quarterly numbers for Oracle Financial Services Software are: Net Sales at Rs 956.69 crore in September 2021 up 11.7% from Rs. 856.45 crore in September 2020. Quarterly Net ... Read more »
On free-english-test.com you will find lots of free English exam practice materials to help you improve your English skills: grammar, listening, reading, writing, ielts, toeic