I think you're mixing this budget with the kamikwasi one. I actually think its a very balanced budget thats trying to fix a vast amount of problems. The markets have had the very merest of ripples but only to be expected with a need to invest into decaying public services. And obviously the right wing rent a gobs are trying to suggest this tiny ripple is akin to the Truss era. Businesses will moan, as they always do but this is a much needed start to try and get us to a stronger position after 14 years of austerity, self service, folly and corruption.
Essentially it doesn't matter if they grow the economy or not. Biden grew the US economy and it didn't do him any good, people were more concerned about the price of petrol. Labour need to get the NHS, trains, buses, energy and water all working for everyone so that people feel better off. The best news at the moment is the all-party group supporting electoral reform now with 100 MPs including 55 from Labour. Notably none from Reform despite them whinging about the election result, might be something to do with the group also in favour of MPs not having 2nd jobs....
The price of petrol in USA fell 10-20% in the last 12-18 months. They weren't concerned about the price of petrol, they were concerned with their *perception* of the price of petrol. They were told it was continuing to rise and voted accordingly. They were also concerned with the democrats banging on about trans-rights, when only one candidate actually mentioned them, about the price of eggs when there is a bird flu pandemic enforcing culls of hens, and to introduce tariffs across the board on imports from Mexico and Canada - which include the *majority* of their oil/petrol and construction materials....
I saw an interview recently prior to the election in America and they were interviewing a Trump supporter who owned a business and he actually thought that the supplier paid the tariffs, even though it was explained in simple terms that the importer pays it. He was also told the aim of tariffs is to make imported goods so expensive that people buy goods produced domestically. Unfortunately he still wasn’t having any of it.
I was more referring to the rise in N.I for the employer so for every employee it will cost the employer 900 pounds a year more. So if a company employed 35 people that's a extra person's wage per year just on N.I, what choice do businesses have but to either cut staff or raise prices? It's either going to cost jobs or add to inflation. Time will tell anyway.
Are you aware Labour increased the employment allowance to £10,500 from £5,000? Therefore protecting small businesses from paying £10,500 of NI payments across the next tax year? I can't recall the exact number but I think it suggested around 850,000 businesses would be protected from paying anything more.
It doesn't just effect small business it also effects medium sized and large if you look what I put on the increase in employers N.I if your paying £900 per year per employee more something has to give either people lose jobs or the product increases. At no point are you going to agree or take into consideration anything that I have to say which may look bad on your beloved Labour party's budget so will leave it there.
Isn’t that what they’ve already said they’ll do. For me investing in public infrastructure should go hand in hand with an improving economy.
I don't have a particular political allegiance. I find that peoples' views become clouded and irrational by the red or blue, in the same they would do if they supported Liverpool or Everton and had to make a call on a last minute penalty decision. However, one thing I do know is that this government has made a bad start. In terms of recruitment / job losses, believe me, it is a bit of a bloodbath out there at the moment and is only going to get worse. The NIC hike was ill thought out. It really should not have been a one size fits all and timing was poor. Manufacturing and hospitality in particular are going to get hammered. Imposing it on GP surgeries was nonsensical.
I've not voted Labour since 2010. So yet again you're wrong. Good big businesses should pay, they dodge enough tax already so pushing it through paye is actually a good idea. So where are you getting the tax from to pay for your decimated public services?
But that's the part your not getting big businesses won't pay they will just pass the extra N.I rise on to the customer.
Of course they'll pay. They can't dodge PAYE. They may cut some jobs, they may increase some prices to preserve their greed. But one way or another, they will pay the very modest uplift.
What exactly does that mean? Azerbaijanis, for example, or residents of Azerbaijan? And if the former, resident in Azerbaijan or in the UK?
So they believed it even when they saw the price falling at the pumps? Even more stupid than I thought they were then.
Absolutely. Harris's campaign was a tough one to be fair to her, on the one hand she was effectively the incumbent and talked about the positives of Biden's term, on the other hand she tried to portray herself as change from the failures of Biden's term. A pretty hard and thankless task. In normal times, you're right about public spending being dependent on a successful economy, but the way things are with Brexit and the threat of Trump's tarifs, we can only expect marginal growth - if any, so they are going to have to be creative....
As someone who has signed quite a few petitions, I think someone living abroad would have to pretend that they are UK resident by providing an address - it asks for a UK postcode and won't let you sign if you don't provide one.
The raw data for the petition can be downloaded and it lists all the countries of signature. Thousands abroad