Where's my forest gone? To the Grouse...that's where....

[wynne]

All this talk of minimum wage, I do actually have to do some work now.

 

[bikeworkshop]

You spent £20, minimum wage is £12.21. Half hour is £6.10 rounding down. It's amazing your books balance

I've done quite a lot of accounts Bob

The meal was £5 each, that's half an hour at the minimum wage.

the minimum wage is £12.21
https://www.gov.uk/national-minimum-wage-rates

In 40h full time work, £25,400 per annum
take home works out at £21,800
That's £10.48/hr

Let's include workplace pension, (which would be 5% of £18000 employees contribution)

Works out another 43pence an hour

Leaves £10.05.

So half an hour is £5.02
(And a hapenny obvs)

I would run these figures past our accountant but he charges considerably more per hour than I earn

 

[Guinessisgoodforyou]

I've done quite a lot of accounts Bob

the minimum wage is £12.21
https://www.gov.uk/national-minimum-wage-rates

In 40h full time work, £25,400 per annum
take home works out at £21,800
That's £10.48/hr

Let's include workplace pension, (which would be 5% of £18000 employees contribution)

Works out another 43pence an hour

Leaves £10.05.

So half an hour is £5.02
(And a hapenny obvs)

I would run these figures past our accountant but he charges considerably more per hour than I earn

Tom you're obviously well off, £20 for one meal at home is extortionate. Someone on minimum wage will not be spending that on one meal.
The way I read it was half an hour for the meal, not half an hour each. That's even worse.

 

[bikeworkshop]

Tom you're obviously well off, £20 for one meal at home is extortionate. Someone on minimum wage will not be spending that on one meal.
The way I read it was half an hour for the meal, not half an hour each. That's even worse.

Seems I spend most of my money on food.

Food used to cost 1/3 of household income- i think ours still does.

National average is under 10%

https://ahdb.org.uk/news/consumer-i...nding-on-food-since-the-cost-of-living-crisis

Being old can have the benefit that housing cost is low.*

My younger colleagues must spend over a third of their income on Bristol housing

*but having dependent adult children more than offsets this