To be worried about what the Labour government will do next?

[Scenicgirl]

Let's be honest, Labour has been a massive disappointment for this country, pissing off the pensioners with taking away the WFA, the farmers, NI changes which impact employers, immigration etc and today refusing compensation to the WASPI women after they ridiculed the Conservatives when they didn't commit to a solution. Don't we deserve better than this constant shit show of lies and deceptions which were clearly spouted out purely to gain power?
For the 1st time in my life, I worry about where we are heading.

Yes people should be able to changed their minds, apart from Labour cabinet ministers, who are held to every single thing they ever said or voted for.

@BIossomtoes You have not understood the implications of the NI rise. The increase is a 1.2 percentage point increase, not a percentage increase. The budget has also reduced the point at which this is paid. Our business will pay about £50k in employer NI this year. The increase in NI will cost us another £30k next year, which is 37.5% increase to the business. A lot bigger than 1.2%!!

We have not budgeted for an extra £30k of costs next year and we certainly aren't making enough profit to pay the difference. All the profit we budgeted for were to pay off debts (mostly incurred during the lockdown periods) and to re-invest in new machinery, building maintenance and equipment that we need. So now, we cannot make the much needed investment in the business, so working conditions will be harder for our staff and growth will be much slower.

We have to put up prices and risk losing some business. We have also decided not to employ the 2 new people that we were going to, on the basis of the projected growth, as we can't grow the business as quickly. We potentially will actually contract instead of growing next year and then have to look at making redundancies.

There will be less profit, so less corporation tax etc. It's really not a great idea to tax jobs.

This is one example of what many, many businesses are facing and the long term impact will mean less money for the NHS etc.

Well don't worry because this policy just makes it more elitist, not less! Now even fewer people can afford it so it will be concentrated for the really wealthy as fee assistance has now been cut in most schools.

Labour + supporters just don't understand business and why they actually need to support businesses if they want more investment in public services.

Try again? Oh ok.

Choosing private education is a luxury.

VAT replaced purchasing tax which was 33% on goods viewed as “luxury”.

Yet VAT still isn't a luxury tax. Hence why ice cream is zero rated but frozen yoghurt isn't.
Across Europe education is zero rated as an agreed principle. UK will be only country in EU to tax education.

So?

To levy VAT on private education.

A state education is still available to all.

Yes people should be able to changed their minds, apart from Labour cabinet ministers

Blimey I'm sure they'll appreciate your total support.

Still people have zero requirement to the vote same way at each election

Probably why support has dropped so much in five months

Good. Hopefully they will see the value of paying tax when their kids are subjected to a state education sector that has been deprived of funding for years.

Many, not all businesses, benefited from changes in taxation in the November 2023 budget, this will be clawing some of that back.

The Govt need to raise money for NI cuts for employees, PO and Blood scandals, pay rises for nurses soldiers and teachers.

How would raise this money?

Good, i'm glad you agree we can all change our minds :)

Good, i'm glad you agree we can all change our minds :)

I don't agree with your take, no

Voters yes including the pp, your Labour MPs are seeing the results of their decisions in polling

It's a stealth tax.

They didn't want to be unpopular by loading up personal taxation, so they loaded it up on business instead.

Of course if it is loaded on business then it makes its way to the individual eventually it is just less transparent, oh and a few businesses may go bust along the way.

The claims Labour don't understand business are 100% correct. They have absolutely nothing sensible in terms of plans to grow business and therefore the economy is screwed. Labour supports in my experience don't seem to understand either business or economics. They just seem to see business as an area of "the rich" that can be taxed indefinitely to support state spending.

I've been watching the markets this morning and the bond market is holding a massive cosh over government spending. If the interest rate dropped they were going to really punish borrowing costs IMO.

As it is, the cost of borrowing/business finance in the UK is much higher than in Europe which means we are being out competed both on borrowing costs and on taxation.

I think we are going to get into a debt spiral. Labour are going to borrow more and more to spend money. They will not tax enough and the taxes they do apply will shrink the business sector further. They will look towards borrowing, but the markets will demand a hefty price for that and the feedback will continue.

While business investment will be held back by borrowing costs and businesses are burdened with ever increasing taxation, without a plan to grow the business base and the taxation from it the future looks bleak.

Comments like this make you look idiotic. Many private school parents are familiar with the state school system because we currently use it to education some of our children or have done previously. It is beyond ridiculous that parents with children at state schools who are earning more than some private school parents are paying less tax towards their DC’s education than the private school parents who are not using the state system. There is zero justification for this.

Everyone, including any Govt Minister or whatever party should be free to change their minds, to claim otherwise is foolish.

The next GE is 4.5 years away.

Polling for Badenoch:

the latest figures show people also do not think that the Conservative party are “ready for government”, by a margin of 12% to 68%. There is little change here from our first measurements in August

Thats pretty shocking considering that Labour have not exactly had a stella first 6 months.

Both parties have a lot of work to do or as i've said before, the door is open for Reform.

This is the problem for Labour

The Bank of England held interest rates at 4.75 per cent today, while downgrading economic forecasts for the UK towards stagnant growth.
“The prospective increase in labour costs from higher National Insurance contributions from next April, announced in the Budget, is currently weighing heavily on sentiment,” the Bank said.
Companies are considering cutting their headcount, accelerating investment in automation, and offshoring labour to deal with the National Insurance hike, it added.

The BoE can see it. Will Reeves and Labour? Likely not

Polling which is of zero concern at this stage of the election cycle.

So you just make the gap wider 🙄

The majority of parents using independent schools have also used state schools. We certainly have/will.
We already pay our taxes for all public services inc state schools.
More millionaires use state schools than use indy schools. Yet I, earning 35K, am told I have broader shoulders than these millionaires and should pay an extra 20% tax? Those millionaires aren't paying a single penny more towards improving state schools yet they are the ones using them whilst getting a free education for their kids courtesy of the taxpayer.

Polling which is of zero concern at this stage of the election cycle.

This response is inevitable, but yes I can see why you'd be happier about that, not looking good with that downgrade for growth rn

It still shows that people switch and the claims below that pp hasn't is wrong. Not everyone sticks to the same party, many don't.

And voters switching is not comparable to Labour MPs losing support due to decisions anyway, also claimed below

'Attack' is terminology used across several publications when discussing tax raids. Maybe it is dramatic, however I don't compose MN posts giving thought to every single word, with my thesaurus handily by my side. Raid? Grab?

Thankfully, I am not disabled and the extent to which the government decides I must pay a proportion of my income to the state of course pales in significance to the struggles of disabled people. But I don't think the answer to perceived unfairness is to just say "oh well, there is someone worse off so I should count myself lucky". There are lots of people who could play that game. There may be people more profoundly disabled or people from places suffering famine and war.

Also, given the state of, well, state education, I don't see private education as a luxury. Its a priority for me. Other people might prioritise a range rover or fancy watches, holidays and so on. Its isn't taxed elsewhere in Europe, and its a grab from those perceived to be wealthy.

They are making difficult decisions to reverse the mess that 14 years of the Tory shitshow left us with. Most governments in this situation do the difficult things first. So yes, YABU.

Different cheeks of the same arse, TBH

The BoE downgraded growth today due to Labour's policies. How does that help?