| Le Tissier Bringe Political Protest to St Marys Stadium 17:43 - Jan 25 with 2475 views | UTS1885 |
How was that allowed to happen ?
I saw him with his mate Alan MIller another conspiracy loon in golden grove.
How embarrassing for the club and owner (present today) to see this political nonsene outside the club door.
Many jobs are important and farmers should pay their taxes like everyone else.
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| Le Tissier Bringe Political Protest to St Marys Stadium on 18:33 - Jan 25 with 2047 views | Newdawn2014 |
some people find religion maybe he`s found conspiracy theorists , takes his mind off his whatsherface . |  | | |
| Le Tissier Bringe Political Protest to St Marys Stadium on 22:13 - Jan 25 with 1827 views | Butty101 |
What have you ever achieved dick head? |  |
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| Le Tissier Bringe Political Protest to St Marys Stadium on 22:18 - Jan 25 with 1816 views | Ron11 |
| Le Tissier Bringe Political Protest to St Marys Stadium on 22:13 - Jan 25 by Butty101 |
What have you ever achieved dick head? |
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| Le Tissier Bringe Political Protest to St Marys Stadium on 22:36 - Jan 25 with 1771 views | Joiedevivre |
First UTS1885 came for the farmers
And I did not speak out
Because I was not a farmer
Then he came for st mary’s protestors
And I did not speak out
Because I was not a st mary’s protestor
Then he came for Matt Le Tissier for the gazillionth time |  | | |
| Le Tissier Bringe Political Protest to St Marys Stadium on 08:23 - Jan 27 with 1394 views | saint901 |
The tax issue on farmers is around whether they should pay inheritance tax when the farm is passed on to the younger generation.
It's not an annual income or wealth tax.
Agricultural property has been exempt from IHT for decades, but that exemption is being removed/reduced.
So farming families are concerned that they may have to sell land to pay this tax - or go out of the sector.
You can make a case either way on this one.
The "protest" parties and general agitators (which these days might include the Tories and Reform perhaps) see an opportunity to put the Gov't of the day in the spotlight for [unfair/damaging/vindictive - delete as required] treatment and some of them probably care little and understand less about the farmers situation. | | | |
| Le Tissier Bringe Political Protest to St Marys Stadium on 09:59 - Jan 27 with 1296 views | SaintNick |
| Le Tissier Bringe Political Protest to St Marys Stadium on 08:23 - Jan 27 by saint901 |
The tax issue on farmers is around whether they should pay inheritance tax when the farm is passed on to the younger generation.
It's not an annual income or wealth tax.
Agricultural property has been exempt from IHT for decades, but that exemption is being removed/reduced.
So farming families are concerned that they may have to sell land to pay this tax - or go out of the sector.
You can make a case either way on this one.
The "protest" parties and general agitators (which these days might include the Tories and Reform perhaps) see an opportunity to put the Gov't of the day in the spotlight for [unfair/damaging/vindictive - delete as required] treatment and some of them probably care little and understand less about the farmers situation. |
This was introduced to stop the rich such as Jeremy Clarkson, avoiding IHT by putting their money into agricultural land, building big mansions then maintaining a small pack of alpacas or a little farm shop so they could claim agricultural relied on IHT
I have seen the figures for it and for the last years published, there were about 470 properties affected ie being passed on after death and only around 5% would have paid IHT under the new rules.
In simple terms although the agricultural relief is £1 million nil rate band, a farmer and his wife would also have potentially another £1 million each via their personal IHT relief, so an estate including the farm would need to be over £3 million.
So in truth its a stick to beat Rachel Reeves with, but it isn't going to effect many people and those that it does are probably going to be the extremely rich gentlemen farmers |  |
| Satisfying The Bloodlust Of The Masses In Peacetime |
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| Le Tissier Bringe Political Protest to St Marys Stadium on 10:19 - Jan 27 with 1267 views | PatfromPoole |
| Le Tissier Bringe Political Protest to St Marys Stadium on 09:59 - Jan 27 by SaintNick |
This was introduced to stop the rich such as Jeremy Clarkson, avoiding IHT by putting their money into agricultural land, building big mansions then maintaining a small pack of alpacas or a little farm shop so they could claim agricultural relied on IHT
I have seen the figures for it and for the last years published, there were about 470 properties affected ie being passed on after death and only around 5% would have paid IHT under the new rules.
In simple terms although the agricultural relief is £1 million nil rate band, a farmer and his wife would also have potentially another £1 million each via their personal IHT relief, so an estate including the farm would need to be over £3 million.
So in truth its a stick to beat Rachel Reeves with, but it isn't going to effect many people and those that it does are probably going to be the extremely rich gentlemen farmers |
It's the National Insurance increases that there should be protests about.
There will be untold jobs lost in the next 6 months because of it.
Because of the drop in the threshold from £9,100 to £5,000, it's the people on the lowest pay scales who will lose out, as in proportional terms the cost of employing them is increasing by the most. So they will be the people who will be worst impacted.
But as the Minimum Wage is going up significantly, they probably think they will be a lot better off. Not realising they will actually be the people most likely to lose their jobs.
Sneaky, despicable politics by Reeves. And terrible economics. |  |
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| Le Tissier Bringe Political Protest to St Marys Stadium on 10:44 - Jan 27 with 1233 views | Buggalugs |
| Le Tissier Bringe Political Protest to St Marys Stadium on 10:19 - Jan 27 by PatfromPoole |
It's the National Insurance increases that there should be protests about.
There will be untold jobs lost in the next 6 months because of it.
Because of the drop in the threshold from £9,100 to £5,000, it's the people on the lowest pay scales who will lose out, as in proportional terms the cost of employing them is increasing by the most. So they will be the people who will be worst impacted.
But as the Minimum Wage is going up significantly, they probably think they will be a lot better off. Not realising they will actually be the people most likely to lose their jobs.
Sneaky, despicable politics by Reeves. And terrible economics. |
"no tax rises for working people"
...and no jobs either in the not to distant future. |  |
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| Le Tissier Bringe Political Protest to St Marys Stadium on 22:41 - Jan 27 with 997 views | saintmark1976 |
| Le Tissier Bringe Political Protest to St Marys Stadium on 10:19 - Jan 27 by PatfromPoole |
It's the National Insurance increases that there should be protests about.
There will be untold jobs lost in the next 6 months because of it.
Because of the drop in the threshold from £9,100 to £5,000, it's the people on the lowest pay scales who will lose out, as in proportional terms the cost of employing them is increasing by the most. So they will be the people who will be worst impacted.
But as the Minimum Wage is going up significantly, they probably think they will be a lot better off. Not realising they will actually be the people most likely to lose their jobs.
Sneaky, despicable politics by Reeves. And terrible economics. |
Pat, perhaps if employers paid decent wages in the first place instead of expecting successive governments to subsidise their employees wages through tax credits there wouldn’t be what you regard as a problem.
A similar argument to yours regarding supposed massive job losses was put forward by employers years ago when the minimum wage was proposed and subsequently introduced. Outcome ? there were no massive job losses. | |
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| Le Tissier Bringe Political Protest to St Marys Stadium on 22:56 - Jan 27 with 977 views | PatfromPoole |
| Le Tissier Bringe Political Protest to St Marys Stadium on 22:41 - Jan 27 by saintmark1976 |
Pat, perhaps if employers paid decent wages in the first place instead of expecting successive governments to subsidise their employees wages through tax credits there wouldn’t be what you regard as a problem.
A similar argument to yours regarding supposed massive job losses was put forward by employers years ago when the minimum wage was proposed and subsequently introduced. Outcome ? there were no massive job losses. |
1. The minimum wage was a heck of a lot lower when it was first introduced.
2. Are you oblivious to all the job losses that have already been announced in the last couple of months because of the Budget???? That was just the start. April is going to bring an absolute sh1t storm of high inflation and unemployment. | |
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| Le Tissier Bringe Political Protest to St Marys Stadium on 23:35 - Jan 27 with 950 views | saintmark1976 |
| Le Tissier Bringe Political Protest to St Marys Stadium on 22:56 - Jan 27 by PatfromPoole |
1. The minimum wage was a heck of a lot lower when it was first introduced.
2. Are you oblivious to all the job losses that have already been announced in the last couple of months because of the Budget???? That was just the start. April is going to bring an absolute sh1t storm of high inflation and unemployment. |
So Pat:-
1) No comment on my suggestion that employers stop relying on recent governments of all political persuasions past and present to subsidise their employees wages ? Surely you can see if they paid proper wages in the first place then it would not be necessary for governments to raise taxes from us all to cover the difference?
2) Of course the minimum wage is higher than it was when first introduced. Given the increase in inflation generally since its introduction, it’s hardly likely to have stayed the same or decreased is it?
3) “April will bring a shit storm of high inflation and unemployment”. No it won’t, both may or may not increase marginally and certainly won’t be anywhere near the 11.7 % inflation under the last government or the 3 million odd unemployed obtained not that many years ago historically. | |
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| Le Tissier Bringe Political Protest to St Marys Stadium on 06:42 - Jan 28 with 846 views | PatfromPoole |
| Le Tissier Bringe Political Protest to St Marys Stadium on 23:35 - Jan 27 by saintmark1976 |
So Pat:-
1) No comment on my suggestion that employers stop relying on recent governments of all political persuasions past and present to subsidise their employees wages ? Surely you can see if they paid proper wages in the first place then it would not be necessary for governments to raise taxes from us all to cover the difference?
2) Of course the minimum wage is higher than it was when first introduced. Given the increase in inflation generally since its introduction, it’s hardly likely to have stayed the same or decreased is it?
3) “April will bring a shit storm of high inflation and unemployment”. No it won’t, both may or may not increase marginally and certainly won’t be anywhere near the 11.7 % inflation under the last government or the 3 million odd unemployed obtained not that many years ago historically. |
1. You came out with the drivel about tax credits around the time of the Budget and were shot down by a number of people on here about that.
2. Give me some data on the percentage increase in the minimum wage since it was introduced, compared with the percentage increase in average pay across all pay groups. Then I might start taking notice.
3. We shall see.
I voted Labour at the last election, as I did at the last 3. So I have no political agenda in shooting down the E-grade Economics of Reeves | |
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| Le Tissier Bringe Political Protest to St Marys Stadium on 06:55 - Jan 28 with 820 views | PatfromPoole |
To add a further point.
I agree with the concept of a minimum wage.
But it is simply too high.
As will be borne out with the untold thousands of redundancies looming in the pubs, restaurants, care homes and hotels sectors.
Hospitality will be absolutely decimated.
Enjoy your visit to the pub while you can. | |
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| Le Tissier Bringe Political Protest to St Marys Stadium on 08:12 - Jan 28 with 767 views | Buggalugs |
| Le Tissier Bringe Political Protest to St Marys Stadium on 23:35 - Jan 27 by saintmark1976 |
So Pat:-
1) No comment on my suggestion that employers stop relying on recent governments of all political persuasions past and present to subsidise their employees wages ? Surely you can see if they paid proper wages in the first place then it would not be necessary for governments to raise taxes from us all to cover the difference?
2) Of course the minimum wage is higher than it was when first introduced. Given the increase in inflation generally since its introduction, it’s hardly likely to have stayed the same or decreased is it?
3) “April will bring a shit storm of high inflation and unemployment”. No it won’t, both may or may not increase marginally and certainly won’t be anywhere near the 11.7 % inflation under the last government or the 3 million odd unemployed obtained not that many years ago historically. |
This is so naive. Forget the Corporates and big business and think about the millions of people employed by small businesses. In 2019 the minimum wage was £7.83....in 2025 it will be £12.21, so about a 35% increase.
How do you think a small business affords this when it's getting battered by all the other inflationary cost increases? Businesses don't suddenly become more profitable to be able to absorb these pressures, they have to make cut backs....and more often than not that comes in the form of redundancies.
6 years ago I employed 5 people...3 permanent and 2 part time, now I only employ 2 part time. The business in the unit next to me closed down altogether 4 years ago and the garage next to them went 2 years ago. The engineering firm opposite laid off 6 blokes just before Christmas. This is the reality of what small businesses have to deal with, not your utopia of paying everyone £20+ per hour and all living happily ever after. | |
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| Le Tissier Bringe Political Protest to St Marys Stadium on 08:41 - Jan 28 with 743 views | PatfromPoole |
| Le Tissier Bringe Political Protest to St Marys Stadium on 08:12 - Jan 28 by Buggalugs |
This is so naive. Forget the Corporates and big business and think about the millions of people employed by small businesses. In 2019 the minimum wage was £7.83....in 2025 it will be £12.21, so about a 35% increase.
How do you think a small business affords this when it's getting battered by all the other inflationary cost increases? Businesses don't suddenly become more profitable to be able to absorb these pressures, they have to make cut backs....and more often than not that comes in the form of redundancies.
6 years ago I employed 5 people...3 permanent and 2 part time, now I only employ 2 part time. The business in the unit next to me closed down altogether 4 years ago and the garage next to them went 2 years ago. The engineering firm opposite laid off 6 blokes just before Christmas. This is the reality of what small businesses have to deal with, not your utopia of paying everyone £20+ per hour and all living happily ever after. |
I have no idea why anybody would set up a business in this country now.
And the absolute final nail is looming with the utterly disastrous Employment Rights Bill.
That is a complete clusterfcuk of madness which is going to basically be a complete deterrent to a business employing anybody.
At this rate, it won't be just the millionaires deserting this country. There will be lots of people shifting their businesses of all sizes into other countries. | |
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| Le Tissier Bringe Political Protest to St Marys Stadium on 10:32 - Jan 28 with 689 views | saintmark1976 |
| Le Tissier Bringe Political Protest to St Marys Stadium on 08:12 - Jan 28 by Buggalugs |
This is so naive. Forget the Corporates and big business and think about the millions of people employed by small businesses. In 2019 the minimum wage was £7.83....in 2025 it will be £12.21, so about a 35% increase.
How do you think a small business affords this when it's getting battered by all the other inflationary cost increases? Businesses don't suddenly become more profitable to be able to absorb these pressures, they have to make cut backs....and more often than not that comes in the form of redundancies.
6 years ago I employed 5 people...3 permanent and 2 part time, now I only employ 2 part time. The business in the unit next to me closed down altogether 4 years ago and the garage next to them went 2 years ago. The engineering firm opposite laid off 6 blokes just before Christmas. This is the reality of what small businesses have to deal with, not your utopia of paying everyone £20+ per hour and all living happily ever after. |
Buggalugs and Pat, stop and listen to yourselves:-
Because business owners are being asked to contribute more N I in April the following will now apply with the sky falling in :-
1. Tax credits have become “ drivel “.
2. The minimum wage is too high.
3. It’s impossible to successfully run a business with the inflation rate currently at 2.7% but possible when it was 11.7%.
4. The Employment Rights Bill will be a disaster.
5. No one will be able to go to a pub or restaurant because there won’t be any.
6. Everyone will be forced to leave the country.
Get over yourselves guys, the world isn’t about to end because of the election of a new government and a relatively minor adjustment in tax policy. [Post edited 28 Jan 10:34]
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| Le Tissier Bringe Political Protest to St Marys Stadium on 11:14 - Jan 28 with 647 views | Bazza |
| Le Tissier Bringe Political Protest to St Marys Stadium on 10:32 - Jan 28 by saintmark1976 |
Buggalugs and Pat, stop and listen to yourselves:-
Because business owners are being asked to contribute more N I in April the following will now apply with the sky falling in :-
1. Tax credits have become “ drivel “.
2. The minimum wage is too high.
3. It’s impossible to successfully run a business with the inflation rate currently at 2.7% but possible when it was 11.7%.
4. The Employment Rights Bill will be a disaster.
5. No one will be able to go to a pub or restaurant because there won’t be any.
6. Everyone will be forced to leave the country.
Get over yourselves guys, the world isn’t about to end because of the election of a new government and a relatively minor adjustment in tax policy. [Post edited 28 Jan 10:34]
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On the minimum wage, on the quoted amounts the increase is 56% | | | |
| Le Tissier Bringe Political Protest to St Marys Stadium on 11:34 - Jan 28 with 627 views | Joiedevivre |
| Le Tissier Bringe Political Protest to St Marys Stadium on 10:32 - Jan 28 by saintmark1976 |
Buggalugs and Pat, stop and listen to yourselves:-
Because business owners are being asked to contribute more N I in April the following will now apply with the sky falling in :-
1. Tax credits have become “ drivel “.
2. The minimum wage is too high.
3. It’s impossible to successfully run a business with the inflation rate currently at 2.7% but possible when it was 11.7%.
4. The Employment Rights Bill will be a disaster.
5. No one will be able to go to a pub or restaurant because there won’t be any.
6. Everyone will be forced to leave the country.
Get over yourselves guys, the world isn’t about to end because of the election of a new government and a relatively minor adjustment in tax policy. [Post edited 28 Jan 10:34]
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"relatively minor adjustment in tax policy." An increase of 40bn is not minor.
People are already leaving the country. Many went in preperation of the election to countries like Portugal. It's so poor a policy, as Pat is suggesting, that the morning papers say even Starmer has understood this: 'Starmer to cut red tape' - they've (maybe) realised growth does not come from government.
But no one should be surprised by their previous policies of zero growth - it's Labour and you get what you vote for. No housing bubble or unregulated London to rely on this time round. [Post edited 28 Jan 11:36]
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| Le Tissier Bringe Political Protest to St Marys Stadium on 11:42 - Jan 28 with 601 views | Bridders2 |
| Le Tissier Bringe Political Protest to St Marys Stadium on 10:32 - Jan 28 by saintmark1976 |
Buggalugs and Pat, stop and listen to yourselves:-
Because business owners are being asked to contribute more N I in April the following will now apply with the sky falling in :-
1. Tax credits have become “ drivel “.
2. The minimum wage is too high.
3. It’s impossible to successfully run a business with the inflation rate currently at 2.7% but possible when it was 11.7%.
4. The Employment Rights Bill will be a disaster.
5. No one will be able to go to a pub or restaurant because there won’t be any.
6. Everyone will be forced to leave the country.
Get over yourselves guys, the world isn’t about to end because of the election of a new government and a relatively minor adjustment in tax policy. [Post edited 28 Jan 10:34]
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Have you ever run a business? | | | |
| Le Tissier Bringe Political Protest to St Marys Stadium on 11:50 - Jan 28 with 568 views | DorsetIan |
| Le Tissier Bringe Political Protest to St Marys Stadium on 11:34 - Jan 28 by Joiedevivre |
"relatively minor adjustment in tax policy." An increase of 40bn is not minor.
People are already leaving the country. Many went in preperation of the election to countries like Portugal. It's so poor a policy, as Pat is suggesting, that the morning papers say even Starmer has understood this: 'Starmer to cut red tape' - they've (maybe) realised growth does not come from government.
But no one should be surprised by their previous policies of zero growth - it's Labour and you get what you vote for. No housing bubble or unregulated London to rely on this time round. [Post edited 28 Jan 11:36]
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Adopting a Thatcherite 'austerity' response to the financial crisis, taking us into a futile Bexit sideshow, appointing a clown as leader, then (it seems to me) a complete nutcase who crashed the economy, meant that for 14 years this country treaded water at best under the Conservative Party (and the decisions of its stupid members as to who should lead the country).
Labour has a massive majority so is not bothered by infighting and trying to stay in power like the Conservatives were.
It had to balance the books in its first Budget which was painful but now at least they seem to be trying to focus on growing the economy, without too much infighting or other distractions. It isn't all about tax.
They've got 5 years. They haven't even had 1 yet.
I'll judge them after 2/3 years to see how they're doing. They're not going to turn a sow's ear into a silk purse in 5 minutes. [Post edited 28 Jan 11:50]
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| Le Tissier Bringe Political Protest to St Marys Stadium on 12:59 - Jan 28 with 506 views | Jellybaby |
| Le Tissier Bringe Political Protest to St Marys Stadium on 11:50 - Jan 28 by DorsetIan |
Adopting a Thatcherite 'austerity' response to the financial crisis, taking us into a futile Bexit sideshow, appointing a clown as leader, then (it seems to me) a complete nutcase who crashed the economy, meant that for 14 years this country treaded water at best under the Conservative Party (and the decisions of its stupid members as to who should lead the country).
Labour has a massive majority so is not bothered by infighting and trying to stay in power like the Conservatives were.
It had to balance the books in its first Budget which was painful but now at least they seem to be trying to focus on growing the economy, without too much infighting or other distractions. It isn't all about tax.
They've got 5 years. They haven't even had 1 yet.
I'll judge them after 2/3 years to see how they're doing. They're not going to turn a sow's ear into a silk purse in 5 minutes. [Post edited 28 Jan 11:50]
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I don't think Labour will last 5 years Ian for one moment. They will hand the baton over much like Rishi did when they are told to. The Reform party is receiving billionaire funding and will be catapulted to victory at some point before 5 years.
Labour's main role via Rachel from accounts seems to be about going in hard on the middle classes and destroying small business until you have just the super rich and the rest on UBI (universal basic income), which could also bring in CBDC as they crash the fiat system.
Don't take your eyes off the script Ian. | |
| I wholly disapprove of what you say and will defend to the death your right to say it. |
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| Le Tissier Bringe Political Protest to St Marys Stadium on 13:01 - Jan 28 with 502 views | saint901 |
I'm not an economist - I work in tax - so I may not be qualified about macro economic effects but I can speak to the question of the effect of tax increases.
This Gov't has a philosophy of "growth". In seeking to fulfil that, they are skirting dangerously close to the sort of plan Truss wanted to adopt.
A profitable small company employing a few people is facing an increase in employer NIC. On average about 3% of the total payroll bill. (Made up of an increase in headline rate and a lowering of threshold). That 3% qualifies for tax relief at circa 20% so the net effect is a 2.4% increase in payroll costs.
So if the business employed say 5 people at the average wage (around £35k), that's £4,200 a year in additional NIC.
If that business turned over £750k in sales, (I've assumed that is payroll costs x 3 plus £225k for the owners profit), then each sale would need to increase by just over half of one percent.
So something they sold last year for £100, needs to be £100.50 this year.
So it's not these tax increases driving inflation or causing firms to lay people off or putting strain on the benefit system. It's other inflationary pressures such as raw material costs, interest rates, transport charges increased by fuel costs, etc.
Whilst I do not work in the area of small businesses I can appreciate how tough it is out there and I do not doubt that the Gov't (as well as the previous administrations) could and perhaps should adopt some mitigation plans.
We are however seeing the effects of austerity and the consequent under investment in businesses over the past two decades and more which inevitably results in higher running costs now. We also see that failure to take action sooner on those infrastructure projects we love (NHS, road, rail, local Government services) now means that we are funding them from current income (tax).
Much of Europe is in the same boat and US will be if the Orange Felon continues his misguided policies. | | | |
| Le Tissier Bringe Political Protest to St Marys Stadium on 13:07 - Jan 28 with 497 views | saintmark1976 |
| Le Tissier Bringe Political Protest to St Marys Stadium on 11:34 - Jan 28 by Joiedevivre |
"relatively minor adjustment in tax policy." An increase of 40bn is not minor.
People are already leaving the country. Many went in preperation of the election to countries like Portugal. It's so poor a policy, as Pat is suggesting, that the morning papers say even Starmer has understood this: 'Starmer to cut red tape' - they've (maybe) realised growth does not come from government.
But no one should be surprised by their previous policies of zero growth - it's Labour and you get what you vote for. No housing bubble or unregulated London to rely on this time round. [Post edited 28 Jan 11:36]
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Joiedevivre, the suggested amount to be raised over five years by the increase in employers N I is £25 billion ie £5 billion a year.
Total annual government income in 2024 was £1.1 trillion, therefore by any sensible metric what they are about to achieve is indeed a minor tax adjustment.
Out of interest and by way of a comparison. It’s suggested that raising the basic rate of Income Tax by 1p would have increased government annual revenue by £8 billion.
Reference emigration to Sunnier Climes. I suggest most people who take this route are retired and even if they remained in the UK wouldn’t pay N I and nor would their previous employers. | |
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| Le Tissier Bringe Political Protest to St Marys Stadium on 13:22 - Jan 28 with 470 views | DorsetIan |
| Le Tissier Bringe Political Protest to St Marys Stadium on 12:59 - Jan 28 by Jellybaby |
I don't think Labour will last 5 years Ian for one moment. They will hand the baton over much like Rishi did when they are told to. The Reform party is receiving billionaire funding and will be catapulted to victory at some point before 5 years.
Labour's main role via Rachel from accounts seems to be about going in hard on the middle classes and destroying small business until you have just the super rich and the rest on UBI (universal basic income), which could also bring in CBDC as they crash the fiat system.
Don't take your eyes off the script Ian. |
Good conspiratorial stuff, Jelly. I'm glad you're still keeping the flame burning.
I suppose it would be silly of me to ask who will be telling them to hand over the batton to Farage? Or is that the point, we can never know. We know 'they' will but we can't know any more than that.
She's a good actor Rachel Reeves because she never mentions any of that when she's interviewed, the little minx.
Don't take your eyes off the moon Jelly. | |
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| Le Tissier Bringe Political Protest to St Marys Stadium on 13:23 - Jan 28 with 468 views | PatfromPoole |
| Le Tissier Bringe Political Protest to St Marys Stadium on 13:01 - Jan 28 by saint901 |
I'm not an economist - I work in tax - so I may not be qualified about macro economic effects but I can speak to the question of the effect of tax increases.
This Gov't has a philosophy of "growth". In seeking to fulfil that, they are skirting dangerously close to the sort of plan Truss wanted to adopt.
A profitable small company employing a few people is facing an increase in employer NIC. On average about 3% of the total payroll bill. (Made up of an increase in headline rate and a lowering of threshold). That 3% qualifies for tax relief at circa 20% so the net effect is a 2.4% increase in payroll costs.
So if the business employed say 5 people at the average wage (around £35k), that's £4,200 a year in additional NIC.
If that business turned over £750k in sales, (I've assumed that is payroll costs x 3 plus £225k for the owners profit), then each sale would need to increase by just over half of one percent.
So something they sold last year for £100, needs to be £100.50 this year.
So it's not these tax increases driving inflation or causing firms to lay people off or putting strain on the benefit system. It's other inflationary pressures such as raw material costs, interest rates, transport charges increased by fuel costs, etc.
Whilst I do not work in the area of small businesses I can appreciate how tough it is out there and I do not doubt that the Gov't (as well as the previous administrations) could and perhaps should adopt some mitigation plans.
We are however seeing the effects of austerity and the consequent under investment in businesses over the past two decades and more which inevitably results in higher running costs now. We also see that failure to take action sooner on those infrastructure projects we love (NHS, road, rail, local Government services) now means that we are funding them from current income (tax).
Much of Europe is in the same boat and US will be if the Orange Felon continues his misguided policies. |
In proportional terms, the increase in cost from employing people on average pay (using £35k as your example), is not that massive.
Also, I think a small business can to some notable extent offset the increased cost from the increased Employment Allowance which will be available (this could positively impact Buggalugs' business based on the number of employees there, I think).
However, where a business has a lot of people earning the minimum wage (or close to it), the significant increase in the minimum wage, allied with the Employers' NI increases, means that the increase in cost is a much larger proportion, mainly due to the drop in the NI threshold from £9,100 to £5,000.
We are seeing the fall-out from the Budget this week with Sainsbury's making 3,000 redundant from their in-store cafes, for which Reeves' Budget was the final nail.
There is also a big impact on businesses which employ a significant number of part-time or seasonal workers. Hospitality being a big example.
Saintmark1976 may think that Reeves has some kind of romantic ideology of the big corporates simply swallowing this burden. If that is the case, he and Reeves are both totally mistaken.
It is a large number of people at the lowest end of the pay scale who will suffer with their jobs. [Post edited 28 Jan 13:46]
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