Hoolio and Rickshaw, I think you guys are dead on the money there!
Hoolio, I too did some number crunching and came up with pretty much what you did.... The fact of the matter is, we need that pay rise just to break EVEN. You and I both know they will never offer 20%. So basically, anything UNDER 20% is a pay cut right?
So what do we do now?
And you know it doesn't stop here.... The rumour is, next year the housing allowance is up for review. A buddy of mine was told to lock in now, as one of the housing consultants told him that the allowance was going to be cut. So what happens to the rest of us that have signed in on variable rates???
We really need to do something now. It's now or never!!!