The NI changes are going to cost my organisation £1000 per employee

I don’t believe they will be “exempt” as such. They will be given extra money by the Chancellor from taxation to cover the cost of the NI payroll increase. NHS also has recent pay rises to cover with consequent increase in pensions too. The bill will be enormous.

My understanding is the NHS is going to be exempt from paying increase NI - GP practices aren't but are lobbying for it.

It impacts low-paying organisations the most anyway.

A business employing all their staff on the national median wage would see a c2.4% increase in overall staff wage costs with these changes. One employing them on the real living wage will see a c2.9% increase and one that's employing staff on the national minimum wage will see a 3.1% increase from the NI changes.

Given that it's pretty standard to budget for a 2-5% increase in staff costs, most decent businesses should be in a position to absorb these changes and say "Hey folks, unfortunately due to these NI changes you won't get / will get less of a pay rise this year (which is shit), but your jobs are safe and we'll be able to resume again next year".

The issue is most acute for business paying NMW as they have no choice but to cover both the NI and NMW increases in one go, which means they're facing a c 7.3% increase in overall staff costs. But that's the risk you run if you opt for NMW over a fair wage. If those same businesses had chosen to pay their staff the real living wage instead (a whole £1.16 p/h more than NMW) they'd only be looking at the 3% increase next year.

Labour supporters are hilarious. Farmers are all whingers and Jeremey Clarkeson is the typical example apparently! Charities are made up of fat cat bosses and the staff that work for them are all useless. Business owners are all running ‘unviable’ businesses when they can absorb the largest tax hike in decades and minimum wage hike within 6 months.

Is there anyone other than MW public sector workers that you don’t hate?

Labour supporters are hilarious. Farmers are all whingers and Jeremey Clarkeson is the typical example apparently! Charities are made up of fat cat bosses and the staff that work for them are all useless. Business owners are all running ‘unviable’ businesses when they can absorb the largest tax hike in decades and minimum wage hike within 6 months.

Is there anyone other than MW public sector workers that you don’t hate?

After campaigning so hard for Brexit, you’d think the farmers would be keeping their head down for a while when it comes to the country’s finances.

I wondered about this. If the NHS employs 1.5 million won’t the extra money Labour put into it go on increased NI contributions?

Labour supporters are hilarious. Farmers are all whingers and Jeremey Clarkeson is the typical example apparently! Charities are made up of fat cat bosses and the staff that work for them are all useless. Business owners are all running ‘unviable’ businesses when they can absorb the largest tax hike in decades and minimum wage hike within 6 months.

Is there anyone other than MW public sector workers that you don’t hate?

I wondered about this. If the NHS employs 1.5 million won’t the extra money Labour put into it go on increased NI contributions?

Farmers literally provide your food.

After campaigning so hard for Brexit, you’d think the farmers would be keeping their head down for a while when it comes to the country’s finances.

It impacts low-paying organisations the most anyway.

A business employing all their staff on the national median wage would see a c2.4% increase in overall staff wage costs with these changes. One employing them on the real living wage will see a c2.9% increase and one that's employing staff on the national minimum wage will see a 3.1% increase from the NI changes.

Given that it's pretty standard to budget for a 2-5% increase in staff costs, most decent businesses should be in a position to absorb these changes and say "Hey folks, unfortunately due to these NI changes you won't get / will get less of a pay rise this year (which is shit), but your jobs are safe and we'll be able to resume again next year".

The issue is most acute for business paying NMW as they have no choice but to cover both the NI and NMW increases in one go, which means they're facing a c 7.3% increase in overall staff costs. But that's the risk you run if you opt for NMW over a fair wage. If those same businesses had chosen to pay their staff the real living wage instead (a whole £1.16 p/h more than NMW) they'd only be looking at the 3% increase next year.

Was there ever a time that farmers didn't moan their heads off about something?

Just out of interest, where would people suggest we raise tax from to pay for our (ever crumbling) public services. Or would they prefer a "pay as you go for everything" system rather like the States. Genuine question.

I wondered about this. If the NHS employs 1.5 million won’t the extra money Labour put into it go on increased NI contributions?

Might be prudent to check whats happening today?

Markets have calmed dramatically, Gilt yields marginally just higher than in the spring of 2024 after Hunts budget. 4.37 vs 4.41.

The local economy seems to actively dislike him. It's a frequent feature on his shows.

Also he doesn't run it as a 'farm', it's run for entertainment purposes and that's clearly and easily its primary purpose. No farmer in his or her right mind would run the farm like he does if they actually had to live off the proceeds.

And has owned it, I think, for nearly 20 years creating employment for many, and spending huge amounts of money on contractors, builders, advisors, staff etc in the local area in the mean time. He has also established two other thriving enterprises - a farm shop and a pub, also employing people locally, and providing work for local businesses. Sure, he makes most of his money elsewhere but one can’t really say that he hasn’t benefited the local economy. And so the IHT relief is small beer compared to the impact locally and to the exchequer. But sure, focus on just part of the picture…

Indeed…it’s an unashamed increase in tax on employment, impacting low margin organisations with large numbers of employees the most.

Could there be less accountability. I don't think they planned the response and the reality is that high debt will cost more to service.

UK still suffering from trauma of Liz Truss, says Treasury chief https://www.theguardian.com/uk-news/2024/nov/01/uk-still-suffering-from-trauma-of-liz-truss-says-treasury-chief-darren-jones?CMP=share_btn_url

I see the government are blaming Liz truss for the slump in the pound after their budget.