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Reply | The Rake and Riddle.
at 11:00 7 Jan 2025
For decades successive governments have made it increasingly difficult for small busineses in favour of big business. Reeves continues the trend.
When visiting France, Spain, Italy etc. you see many more small businesses in the centre of towns and cities. |
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Reply | A465
at 00:14 7 Jan 2025
Drakeford and pond life in the same sentence. |
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Reply | Oldham grooming gangs: Government blocks national inquiry
at 23:52 6 Jan 2025
That's when we see inertia when both main parties are at fault, just look at the Post Office scandal as an example; "best not talk about this one"
Starmer went on and on about the politics today rather than the disadvantaged girls who were attacked and have received no redress despite the political cover up at the time of the offences by many Labour Councils and the lack of action by the Police and the CPS. |
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Reply | Budget outcome
at 23:45 6 Jan 2025
As I outlined in my pre- Budget thread, the basis of the budget was quite high risk. There is potentially more bad news to come on the economy as the full effects of the budget become clear.
If gilt rates go up much more, the tax raised in the budget will get used to repay debt as borrowing costs escalate, we are already seeing gilt rates higher than the Liz Truss era! |
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Reply | The revival of New Labour and clear red water
at 09:58 5 Jan 2025
Milburn made a fortune out of private health care and now advises the current Westminster government.
Streeting does seem to be getting some action in the English NHS, the Welsh NHS seems stuck. Jeremy Miles said there's no reason for Welsh patients to go to England. |
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Reply | The Rake and Riddle.
at 09:49 4 Jan 2025
I'm pleased you understand my explanation. Big businesses have a lot more flexibility than SMEs.
The risk here is that we end up losing more through SMEs than we gain from big business, we will find out soon. [Post edited 4 Jan 9:54]
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Reply | The Rake and Riddle.
at 22:54 3 Jan 2025
Small and medium sized enterprises, which employ the most people in the UK will feel the most heat.
Big business has more flexibility and resources to absorb these changes. I guess that Labour thought they were raiding big business. Big business can move operations overseas re-register in places like Ireland, reduce headcount etc.
I work in a medium sized business that is funded by medium term 3-5 year contracts, our MD said after the budget that he won't make people redundant but he will hold back on pay rises until we can get some contracts re-negotiated at renewal.
I guess when you have no one in the cabinet who has ever run a business you get these kind of decisions. For example, Great Britain Energy as it is proposed does not look like a business but a government department. [Post edited 3 Jan 22:58]
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Reply | The Rake and Riddle.
at 20:28 3 Jan 2025
I'd forgotten about the cut in business rate relief, so in the near future a hospitality business will face:
NI increase
Cut in Business Rate Relief to 40 percent
Increased minimum wage
Increase in employee regulation
Increasing borrowing costs |
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Reply | Not for public consumption
at 20:23 3 Jan 2025
One inefficiency I've seen numerous times in the NHS and seems to apply here is the use of individuals as points of contact for services, in this case a consultant. |
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Reply | The Rake and Riddle.
at 19:18 3 Jan 2025
The very simple explanation is that businesses have an operating plan and when a variable changes they assess the impact and make changes.
For example if your national insurance costs go up by £10,000 you have to find the money from somewhere; put up prices, reduce profit, cut staff, change your product line, reduce operating hours etc. etc. [Post edited 3 Jan 20:24]
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