| Going to be another big kick for small businesses today 09:51 - Nov 26 with 1602 views | itfcjoe |
Over the last 10 years it seems to have been totally forgotten who drives the country in wealth creation |  |
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| Going to be another big kick for small businesses today on 10:48 - Nov 26 with 1209 views | DJR |
The Resolution Foundation, broadly left-wing, said this about the increase in the minimum wage: hardly a ringing endorsement.
The latest rise in the national living wage – while small compared to recent history – will nonetheless deliver a welcome wage boost to more than two million workers and their families.
Younger workers are set for an even bigger pay rises – but these steep increases risk causing more harm than good if they put firms off hiring and push up NEET [not in employment, education or training] rates.
The minimum wage has good to claim to be Britain’s biggest policy success in a generation. But at its higher level the government and low pay commission need to act with more flexibility when setting rates so they can respond to changing labour market conditions. |  | | |
| Going to be another big kick for small businesses today on 10:56 - Nov 26 with 1179 views | allezlesbleus |
| Going to be another big kick for small businesses today on 10:48 - Nov 26 by DJR |
The Resolution Foundation, broadly left-wing, said this about the increase in the minimum wage: hardly a ringing endorsement.
The latest rise in the national living wage – while small compared to recent history – will nonetheless deliver a welcome wage boost to more than two million workers and their families.
Younger workers are set for an even bigger pay rises – but these steep increases risk causing more harm than good if they put firms off hiring and push up NEET [not in employment, education or training] rates.
The minimum wage has good to claim to be Britain’s biggest policy success in a generation. But at its higher level the government and low pay commission need to act with more flexibility when setting rates so they can respond to changing labour market conditions. |
Tax and NI contributions should only kick in above NMW levels.
Small businesses have suffered massively in the last 10 years and the NLW, NMW, increased NI levels and pension commitments have been some of the biggest issues. |  | | |
| Going to be another big kick for small businesses today on 11:06 - Nov 26 with 1142 views | gsoly |
The government just seem so incredibly detached from the reality of so many normal lives. Depressing. This lot were supposed to be better. |  | | |
| Going to be another big kick for small businesses today on 11:10 - Nov 26 with 1126 views | DJR |
| Going to be another big kick for small businesses today on 10:56 - Nov 26 by allezlesbleus |
Tax and NI contributions should only kick in above NMW levels.
Small businesses have suffered massively in the last 10 years and the NLW, NMW, increased NI levels and pension commitments have been some of the biggest issues. |
It is certainly my view that Labour should have reversed the Tory cuts to employees' NI, and not gone ahead with the increases in employers' NI which seem to have dampened growth and employment. | | | |
| Going to be another big kick for small businesses today on 11:12 - Nov 26 with 1114 views | Guthrum |
Thing is, somebody needs to pay for keeping the country running Nobody wants to (and, since the 1980s, we've been told we shouldn't have to). We're in a situation where inflation (or "growth" as they used to call it) - particularly in wages - has made everything considerably more expensive. We are simply in an environment where disposable income for everybody, people and businesses, is shrinking.
We'll all have to front up pay more, or stop complaining as services are further eroded and collapse from lack of resources*. That is the choice politicians are afraid to put to the electorate, out of concern that, indoctrinated by individualism over society, they'll chose the latter option.
* See: "No such thing as a free lunch". |  |
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| Going to be another big kick for small businesses today on 11:20 - Nov 26 with 1063 views | thebooks |
| Going to be another big kick for small businesses today on 11:12 - Nov 26 by Guthrum |
Thing is, somebody needs to pay for keeping the country running Nobody wants to (and, since the 1980s, we've been told we shouldn't have to). We're in a situation where inflation (or "growth" as they used to call it) - particularly in wages - has made everything considerably more expensive. We are simply in an environment where disposable income for everybody, people and businesses, is shrinking.
We'll all have to front up pay more, or stop complaining as services are further eroded and collapse from lack of resources*. That is the choice politicians are afraid to put to the electorate, out of concern that, indoctrinated by individualism over society, they'll chose the latter option.
* See: "No such thing as a free lunch". |
Or: tax a million and one other sacred cows, or enact actual economic reforms. It doesn't need stuff like NI or income tax increases. |  | | |
| Going to be another big kick for small businesses today on 11:40 - Nov 26 with 1006 views | gsoly |
| Going to be another big kick for small businesses today on 11:20 - Nov 26 by thebooks |
Or: tax a million and one other sacred cows, or enact actual economic reforms. It doesn't need stuff like NI or income tax increases. |
Yeah it just feels like each new Budget is rearranging deckchairs on the Titanic. | | | |
| Going to be another big kick for small businesses today on 12:01 - Nov 26 with 942 views | NthQldITFC |
| Going to be another big kick for small businesses today on 11:12 - Nov 26 by Guthrum |
Thing is, somebody needs to pay for keeping the country running Nobody wants to (and, since the 1980s, we've been told we shouldn't have to). We're in a situation where inflation (or "growth" as they used to call it) - particularly in wages - has made everything considerably more expensive. We are simply in an environment where disposable income for everybody, people and businesses, is shrinking.
We'll all have to front up pay more, or stop complaining as services are further eroded and collapse from lack of resources*. That is the choice politicians are afraid to put to the electorate, out of concern that, indoctrinated by individualism over society, they'll chose the latter option.
* See: "No such thing as a free lunch". |
I don't know what to say other than the unimaginative "^ THIS ^".
Your last sentence is absolutely nail on the head for me, and something which many of us reasonably well off people still refuse to accept.
'That is the choice politicians are afraid to put to the electorate, out of concern that, indoctrinated by individualism over society, they'll chose the latter option. '
We have to take responsibility for the society that protects and nurtures us rather than just lazily and selfishly assuming we can have more and more luxury, waste and laziness ad infinitum. |  |
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| Going to be another big kick for small businesses today on 12:05 - Nov 26 with 929 views | mellowblue |
| Going to be another big kick for small businesses today on 11:10 - Nov 26 by DJR |
It is certainly my view that Labour should have reversed the Tory cuts to employees' NI, and not gone ahead with the increases in employers' NI which seem to have dampened growth and employment. |
That obviously should have been their first step as it was a Conservative last hurrah unfundrd giveaway, let's make it awkward for the incoming government. Nobody would have argued against it. |  | | |
| Going to be another big kick for small businesses today on 12:07 - Nov 26 with 903 views | J2BLUE |
Agree. I assume the company I work for will just cover it by cutting future pay rises and not replacing staff who leave so it helps no one. |  |
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| Going to be another big kick for small businesses today on 12:08 - Nov 26 with 901 views | Steve_M |
When no politician anywhere in the country is prepared to make the case for higher taxes to fund health and social care for the elderly then voters will carry on believing they can have free stuff for nothing.
Except, as you point out, it's not free and increasing the inefficiency of the tax system, and loading costs onto businesses rather than individuals is less efficient in aggregate.
A failure of vision and courage from this Labour government, too scared of negative headlines and mythical reform-leaning switchers to prepare a case for growth let alone make the argument. Just a wasted opportunity. |  |
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| Going to be another big kick for small businesses today on 12:13 - Nov 26 with 875 views | Pinewoodblue |
No need to wait for budget details as OBR have already disclosed them |  |
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| Going to be another big kick for small businesses today on 12:16 - Nov 26 with 858 views | jas0999 |
Absolutely mind blowing the OBR report has been published by mistake prior to Reeves actually reading out the budget. This has been the most chaotic budget ever (even worse than Truss) with leaks, Labour back stabbing, u turns amd now releasing the details beforehand. Unprecedented. How on earth anyone can trust Starmer and a reeves now is beyond me. | | | |
| Going to be another big kick for small businesses today on 12:18 - Nov 26 with 843 views | Guthrum |
| Going to be another big kick for small businesses today on 11:20 - Nov 26 by thebooks |
Or: tax a million and one other sacred cows, or enact actual economic reforms. It doesn't need stuff like NI or income tax increases. |
The issue with non-general taxation is that either the numbers being taxed are too small to make a real difference (tho this may not be a reason to avoid doing them), or with things like sales taxes they just push prices up still further, without being means tested.
As for economic reforms, what are the actual, realistic options? What structures can be changed to make a practical difference? | |
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| Going to be another big kick for small businesses today on 12:25 - Nov 26 with 788 views | NedPlimpton |
| Going to be another big kick for small businesses today on 12:16 - Nov 26 by jas0999 |
Absolutely mind blowing the OBR report has been published by mistake prior to Reeves actually reading out the budget. This has been the most chaotic budget ever (even worse than Truss) with leaks, Labour back stabbing, u turns amd now releasing the details beforehand. Unprecedented. How on earth anyone can trust Starmer and a reeves now is beyond me. |
I'd imagine the publishing of the OBR report will be forgotten about pretty quickly, whereas we're still paying for Liz Truss' mini-budget! |  | | |
| Going to be another big kick for small businesses today on 12:38 - Nov 26 with 743 views | SuperKieranMcKenna |
| Going to be another big kick for small businesses today on 11:12 - Nov 26 by Guthrum |
Thing is, somebody needs to pay for keeping the country running Nobody wants to (and, since the 1980s, we've been told we shouldn't have to). We're in a situation where inflation (or "growth" as they used to call it) - particularly in wages - has made everything considerably more expensive. We are simply in an environment where disposable income for everybody, people and businesses, is shrinking.
We'll all have to front up pay more, or stop complaining as services are further eroded and collapse from lack of resources*. That is the choice politicians are afraid to put to the electorate, out of concern that, indoctrinated by individualism over society, they'll chose the latter option.
* See: "No such thing as a free lunch". |
But we already have proportionally higher housing costs than many of our peers, so people will struggle to absorb additional taxes. The lower and middle earner already pay income and NI tax proportionally higher than notoriously capitalist places like Denmark and Sweden. Government spending is back to Blair levels as a proportion of GDP so austerity is effectively over. SME’s are the country’s largest employers and we’ve already seen more go under post-COVID than during the financial crisis.
Productivity continues to bottom out - we need to create better jobs rather than just constantly raising employment costs. I can’t see that many are going to be happy with this budget and have little faith that public services are going to improve (waiting lists for the NHS continue to worsen). Let’s see where we end up in 12 months but I suspect employment levels are going to go in the wrong direction. [Post edited 26 Nov 13:12]
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| Going to be another big kick for small businesses today on 12:43 - Nov 26 with 719 views | GlasgowBlue |
| Going to be another big kick for small businesses today on 12:08 - Nov 26 by Steve_M |
When no politician anywhere in the country is prepared to make the case for higher taxes to fund health and social care for the elderly then voters will carry on believing they can have free stuff for nothing.
Except, as you point out, it's not free and increasing the inefficiency of the tax system, and loading costs onto businesses rather than individuals is less efficient in aggregate.
A failure of vision and courage from this Labour government, too scared of negative headlines and mythical reform-leaning switchers to prepare a case for growth let alone make the argument. Just a wasted opportunity. |
There was a politician who made the case for higher taxation to fund social care for the elderly. It cost her a 20 point lead in the polls and her majority. |  |
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| Going to be another big kick for small businesses today on 13:14 - Nov 26 with 623 views | jontysnut |
| Going to be another big kick for small businesses today on 12:43 - Nov 26 by GlasgowBlue |
There was a politician who made the case for higher taxation to fund social care for the elderly. It cost her a 20 point lead in the polls and her majority. |
A friend is paying about £6,000 a month for care for her father. No wonder successive governments have struggled with how to pay for it. I've got three parents/in laws over 90 and chances are they'll all need some form of social care at some point. |  | | |
| Going to be another big kick for small businesses today on 13:14 - Nov 26 with 623 views | DJR |
It's all a bit boring and rambling so far.
Budgets are meant to be about raising revenue but I assume by keeping announcements to the end, she's hoping no one will notice. | | | |
| Going to be another big kick for small businesses today on 13:19 - Nov 26 with 598 views | DarkBrandon |
| Going to be another big kick for small businesses today on 12:43 - Nov 26 by GlasgowBlue |
There was a politician who made the case for higher taxation to fund social care for the elderly. It cost her a 20 point lead in the polls and her majority. |
I think Andy Burnham did too, towards the end of Gordon Brown's time as leader. Someone certainly did. Think it was him. |  | | |
| Going to be another big kick for small businesses today on 13:39 - Nov 26 with 536 views | Steve_M |
| Going to be another big kick for small businesses today on 12:43 - Nov 26 by GlasgowBlue |
There was a politician who made the case for higher taxation to fund social care for the elderly. It cost her a 20 point lead in the polls and her majority. |
TBF it wasn't the only problem with May's re-election campaign. The decision to placate the Brexit ultras and alienate anyone who voted remain was foolish.
Even Johnson talked about improving funding for social care before deciding it was too difficult. | |
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| Going to be another big kick for small businesses today on 13:53 - Nov 26 with 471 views | DJR |
| Going to be another big kick for small businesses today on 13:14 - Nov 26 by DJR |
It's all a bit boring and rambling so far.
Budgets are meant to be about raising revenue but I assume by keeping announcements to the end, she's hoping no one will notice. |
Actually, and whilst I haven't had a chance to check all the details, that turned out to be rather a damp squib.
The expression "managing expectations" springs to mind but for anyone interested here are links to HM Treasury and the OBR.
https://www.gov.uk/government/collections/budget-2025
https://obr.uk/efo/economic-and-fiscal-outlook-november-2025/ | | | |
| Going to be another big kick for small businesses today on 14:50 - Nov 26 with 317 views | mellowblue |
I found it interesting that the speaker spoke strongly about the constant drip drip of information and early briefing from the exchequer etc for feedback and damping down expectations or fears purposes so that when the budget day comes everybody is already resigned to what is going to be announced. Obviously feels that Pariament's importance as first port of call for announcements is being undermined. As you say no real surprises as not withstanding the OBR' balls up from some techie with an itchy finger, it has been out there for ages. | | | |
| Going to be another big kick for small businesses today on 14:52 - Nov 26 with 311 views | TNBlue |
I just hope they dont introduce a penis tax where you pay by the inch. Im gonna get clobbered. | | | |
| Going to be another big kick for small businesses today on 14:53 - Nov 26 with 302 views | Kievthegreat |
| Going to be another big kick for small businesses today on 14:52 - Nov 26 by TNBlue |
I just hope they dont introduce a penis tax where you pay by the inch. Im gonna get clobbered. |
Just measure on a cold day and you'll be fine. |  | | |
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