As a non worker I'm looking forward to becoming a worker

[nonworker]

Labour have convinced me, so this is a success for them

Given the NI and disposal tax increase it's better for me to wind down my business and put the money into a large property

I can work part time, rent out a room and a few years time take a nice big tax free profit and downsize

It's really great, no more working weekends, I'll have sick pay and holidays, won't have to deal with accountants and hmrc, and the best, no more having to concern myself over the needs of employees.

A brilliant budget for workers.

Ha love this post such another level of obnoxious goady bollocks.

It's someone who pays their staff the bare minimum and now wants us all to mourn the loss of their unsuccessful business. Or, it's someone who enjoys creative writing to further a political agenda..

I’m not really sure why you think society is desperate to keep you as a business owner? Society couldn’t care less right?

out of interest how will you wind down your business without selling it and paying the CGT anyway?

You don't sound particularly empathetic or pleasant so you'll probably be doing your employees a favour.

Unfortunately our employees will care, we were struggling before but now with an extra £90K to find we are going to have to start the redundancy process....

Yes but she will have to cut her profits to pay a decent wage and a fair share of the tax burden, boo hoo.

Cannot imagine anyone employing non worker with tha

Guess your business isn't making enough for you to fund your lifestyle. Ah well, never mind.

It’ll be ok. People get mad redundancy all
The time, it’s part of working life for our generation. And if you only need to save £90k hopefully it’s only a couple of people

You win the thread. Chapeau!

Not everyone who owns their own business pays bare minimum and not everyone who owns their own business is loaded. Lots of us are going to be faced with difficult decisions - like selling out to bigger companies, making people redundant or raising costs on our business because of this budget.

Ultimately, it’s going to do a lot of harm to a lot of people and no should celebrate that.

Pretty vile behaviour to revel in someone’s suffering.

Just hugely ill thought out idea by Reeves. Small businesses pay tiered salaries, with the least experienced getting less than someone with more knowledge and qualifications. So businesses aren’t just having to pay more to top up their staff to the new minimum wage, but then they have to give pay rises to their employees higher up the chain, who have more experience and qualifications.

Boo hoo

That’s all employers, not just small businesses

At what point did I aim my comment at everyone who owns their own business? If anyone is reveling in someone else's suffering it's the OP who is 'looking forward' to folding her business.

Our business went bust in 2017. The conservatives sure as hell didn't help, they only cared about big business.

You can write the OP off as goady and dismiss her perspective but what about the other side to the same coin?

Prices are going to start going up quickly and significantly.

If you go to soft play, enjoy lunch in a bistro, take your dog to the vet, get your hair cut at a salon, have a Sunday pint in your local, get your car MOTd or use any of the millions of services we all use regularly prices are going to go up.

if any of these services are provided by an independent small business, prices are going to go up even more. And many of them will close because it’s not sustainable.

people will lose their jobs, there’ll be increased competition for jobs, NMW salaries can’t be cut so other benefits will reduce.

It’s all rather unattractive.

When did this happen last time NI was increased? Do you recall this specific impact then?

Obviously.

OP is clearly being sarcastic and is likely feeling the way many of us are - stressed because we know we’ll need to make some tough choices over the next few months. Choices that will result in people losing their jobs in a climate that’s only getting worse.

It’s all hysterical nonsense IMHO. My son owns a restaurant. He pays well above minimum wage, and is not concerned with extracting the maximum profit. A half decent living and a reasonable quality of life are his goals, and staff well being.

He could earn an awful lot more as a bank chef, with less hassle and stress. But enjoys his own business.

He has no worries about the budget. This is a thread about Tories being Tories.

Was it such an exceptionally amazing post?

The NI increase is unprecedented. The increase in NI from 24-25 is the same as the total increase in the preceding 20 years.

In 2009 alistair darling raised employers, employees AND self employed NI contributions, all in one bang. 0.5% each, but employers was raised 2 consecutive years, 0.5% each year, so not far off todays announcement.

the media is saying it’s unprecedented- it’s jot literally been raised by as much in 20
years but here has certainly been similar, and worse, impacts from NI changes in recent memory

Bully for your son. But, gently, he doesn’t own a business where most of his employees earn a decent whack because they are skilled workers.

If someone employs over 50 people, on an average salary around £50k they need to find a minimum of an extra £50K in their business finances. That’s an employee sacked or costs on the consumer raised. Business rates are going to double. So for some that could be as much as £20K.

So that’s £70K someone has to find - lots of businesses do not have that sort of money laying around.

My DP has to find close to £130K so don’t tell me this is a thread about Tories being Tories. This is a thread about how people are going to lose their jobs to fund taxes rises made by this budget.

This is a very odd post. Remember that the entire country doesn’t revolve around you. 🙄