Labour has proved yet again that it hates employers/business.

[Batmanisaplaceinturkey]

Don't be surprised when your local pubs, restaurants, hairdressers etc close up shop.
Don't be surprised if your employer can't fund your next payrise, because their NI bill has increased. Workers will indirectly pay for these increases; employers don't have magic money trees.
I work for an employer that has charitable status. We work to improve the lives of others but now have to look at reducing headcount. Employers are not all fat cats driving Mercs.
BTW, I hate the Tories. This post does not make me a Tory before anyone starts that one.

Read your thoughts with interest,, what are you doing now?

The NI increases will not affect the smallest employers as the threshold for paying them has also increased from £5k to £10.5k.

He's far further to the left than socialism.

What a weird comment
They're coping a level above you so...

If you are talking about small businesses, have you taken the increase in employment allowance into account, which has been doubled? This should help enormously with the increase in employers' NIC. I think RR said that due to this, many small businesses will be paying the same NIC as they were before.

Staff heavy, small businesses I think may suffer. The changes to NMW and Employers NI can tip them over. Some may be able to absorb the cost, or increase prices, but for some it may not be viable to continue.

Nurseries for example. Schools are being encouraged to create nursery classes, in my area a nursery closed in the Summer, and a school is opening a nursery class in January.

It's almost as if newspaper and SM propaganda is trying to convince us that the private sector does everything better and you end up with the 'choice' of paying a huge amount for shoddy services of any of the water, rail or phone services you use.
No thanks. we have to pay more tax somehow. It's also my experience that those who don't want to pay tax also claim any non-means based test going and have the sharpest elbows of anyone in getting to the front of any NHS queue.

The only people able to afford the hairdressers and meals out are the small business owners. They park their mercs and BMWs outside and don't look like they will struggle to me. If it means we have less nail bars and more people can get cancer treatments and operations then so be it!

You are right op. Labour are idiots. They should help poor business owners by giving them dodgy contracts. Like that poor michelle mone.

No one seems to have noticed that the employment allowance has been raised from £5000 to £10500. This means that a business with a NI bill smaller than £10500 will pay nothing at all. The larger businesses will be paying more.

How many people do you employ?

Starmer is barely left wing. If you think this budget has any traces of Trotsky economics I think you know little about economics.
Maybe as a young man he dabbled in more extreme socialist politics but it doesn't shine through now!

I have noticed this but the threshold for Employer NI had also been lowered, to £5k a year, so more Employers will have to pay it and then look to offset it using the allowance (but only very small Employers are eligible)

I have addressed that point.

Its so boring and lazy to accuse those who raise valid concerns as Tory bots.

Employers of 4 or fewer will benefit from the allowance change - the very small employers and businesses around here will be better off

Every thread a Labour poster will go on about this.

Labour has never been on the side of businesses or farmers. Hence they have been targeted in this budget. The OBR has stated inflation and interest rates are likely to rise, so cost of borrowing and mortgages. The govt cost of borrowing spiked at the end of yesterday so again more debt for taxpayers to service. We are in a doom loop, demographic timebomb meaning we will spend more on pensions and healthcare due to the amount of older people. Growth is flatline at an exciting 1.5% with wages stagnant. Everyone is going to feel poorer as OBR has stated disposable household income is going to flatline. So yes businesses will struggle with the increased costs and the fact people will not have spare cash for many things like meals out.

tbh, I don’t think it matters what Labour does. Or the Tories if they were in govt. we have structural issues in our economy and no real plans to resolve them because it would involve radical reform which the British public can’t stomach.

the result is a crabs in a bucket mentality, no one should have nice things and universal suffrage as shown on the thread about an apprentice wanting to move out and rent his own place. TLDR, according to many no one should have lofty expectation of being able to move out at 23 because 40 years ago everyone lived in flat shares 🙄

Valid concerns have I susie t been considered

Bottom line is we can't continue how we are and we can't continue for businesses to profit and thrive only when the tax payer picks up the tab for poor wages - business needs to pay its fair share

We have 6 employee's. We barely pay any nic as we qualify fo the 5k allowance. I think now that there is a 10k allowance, it wont actually make much difference to us that the rates have gone up. I’ll have to run the numbers of course to check, but I think the very small businesses won’t be too affected by it

Nurseries will struggle more. Higher cc fees will be tough on many as it’s expensive already

Who would you have preferred the money to come from @Batmanisaplaceinturkey ?

signed, Labour-supporting business owner.

YABU

I gave up a very stressful job to be a SAHM and then because I was 50 when I went back to work had very limited options.

I work in a job where I get paid NMW and I’m lucky because my mortgage is all paid off, but my co workers really struggle. They work harder than anyone I’ve ever worked with in previous jobs. We work for a large company you’d recognise, but the management constantly spin the line that they can’t afford to pay us more despite wasting loads of money. I’m glad that Labour are making these companies pay us fairly and that our services could now be on the improve via the NI raise.

If the govt. didn’t bring in laws about pay and NI many companies would just screw you over no end. Gone are the days of caring companies.

Johnson said "Fuck Business" and carried out his plans and actually did fuck business with Brexit

No one should have an excess of nice things whilst others suffer and die through poverty that is true

Yes that seems like a policy I can buy into

It's quite possible to have lots of nice things and not be financially impacted by this budget