We don't want the government to lurch to the left

[Bargepole45]

I am absolutely astounded that Labour think it's democratic to decide that they can lurch to the left despite being elected with a very clear promise to not tax and spend. I believe this is absolutely not what the general public want and I am really worried that the economy isn't going to survive this and we will end up with an IMF bailout that will lead to very painful spending cuts for our most vulnerable.

Please vote:
YABU :I want Labour to lurch to the left in order to increase taxation and spending
YANBU: I don't want Labour to lurch to the left and would be against further tax and spending rises

@DiySteve It’s not really anything of substance.

I favour a European model but can’t see the electorate voting for it, red or blue.

Again, what are your credentials in Economics?

These global companies do report country based earnings. All of them. But then they have costs incurred abroad. Cafe Nero? price of imported coffee beans, bought through their internal supply chain, can make them "notoriously unprofitable". Then franchise costs, etc. You technically can't close this loophole but if you do, the leave the market. Good riddance of course, but 1000' of jobs will go with them as well. And you price of cap of coffee when out and about will rise as well.

I used to have an investment in a business that made medium fancy cakes. It would take 1 person about 3 person hours to a make a batch and we could sell the batch for about £33. At the time minimum was about £6.5. It was low skilled work that pretty much anyone could do with 2 hours training. So roughly £19.5 of labour and then £8 of ingredients/other costs. Therefore we made a profit of £5 about 15% which was ok. Minimum wage increased about £8.5. But weren't willing to pay any more the batch. So now we made a loss of 0.5p. At that point our viable business because unviable and we closed it down. This is a bit simplified and I can't remember the exact numbers but for those staff it meant their job was gone. It was heart breaking at the time to close a business due to government policy but there was no point making cakes for a loss.

"Anti-business attitude" 😃

Is this what you are calling any sort of regulation intended to protect employees and workers these days?

The government cant afford to bail you out or subsidise you though, so what's the alternative? People need to live, they need to earn to live, we all share infrastructure that needs to be funded, and that requires tax.

The cost of borrowing went up yesterday just with the thought of a change of Labour leader being more left wing. That way leads to higher borrowing costs and the IMF coming in

You can’t blame one demographic because you think another is being ignored !

Rental Housing costs are a fallout by attempts to stop private landlords buying up properties. Picking holes in landlords was bound to rebound

House prices increased due to demand from an increased population post war. ( it’s no one’s fault for being born )

There is now free childcare which hasn’t been around for that long ( I didn’t get any ) so a new introduction for the young

National minimum wage was introduced in 1999, before that we had no protection at all

Employer contributions to pensions only became mandatory in 2018 - another obvious one for the young

Support in paying a mortgage ( be it limited ) is a very recent thing , in the past people’s homes were repocessed. Helping all those with a mortgage
etc
etc
etc

Whilst some things have improved others have got worse but your list is not correct in that and worthy of weighing up the pros and cons historically.

I want Starmer to stay and I want stability for a few years and frankly better to now do nothing and let healing take place. They have done enough about migration to stem that and no more action is needed ( eg restricted family repatriation rights and 10 years for citizenship). The economy is showing green shoots of growth and we just need stable government. If people see a more prosperous country we won’t get reform because reform will completely mess up the country.

Economics?

No.

I did run a perfectly successful, profitable small business for nearly two decades though, paid my staff well over and above NMW, gave them more than statutory minimum leave entitlement, had no issues with staff retention etc, so think I'm entitled to suggest that if you can't do this yourself the problem isn't legislation, the government of the day, or "left wingers", it's your business model.

If the business you own is providing a service which anyone could do after two hours training, then its not meeting a need and is unlikely to survive. Its lovely as a hobby that pays a little pocket money, but its not going to be a business unless you're offering something that solves a problem for someone.

It turned over £6.7m so it wasn't really in hobby territory. In the end we industrialised we let go 90% of the workforce invested in machinery, now we produce less fancy cakes but in higher volume but at 20% of the wage bill.

This is a sideshow, but 2 staff salaries per shift plus pensions saved times 2-3 shifts is vastly in excess of 150k. Gives enough left over for ipads, tech support and fractional salary costs associated with helping those who can't use ipads/follow instructions. This is just an easy one.

Well it must be better than a lurch to the right. But then I am always absolutely baffled by how astounding silly some people can be.

you're trying to reason...

but some on here believe that government is bailing the business out unless they put taxes up 🙄

No idea if you followed the recent court cases eg Sandie Peggie
Id get rid the astonishing number of staff in nonsence roles and
Prioritise all medical staff

I wouldnt refuse care to anyone eg drug dependency
where does that stop

@DrPrunesqualer childcare costs are prohibitive & governments want more mothers in work. Free childcare doesn’t actually mean free childcare… look at birth rates.

Even with auto enrolment pensions today are better than what younger generations will have access to as public & private schemes are less generous & the state age has increased.

Support in paying a mortgage ( be it limited ) is a very recent thing , in the past people’s homes were repocessed. Helping all those with a mortgage

What support do you get with paying a mortgage? MIRAS is no longer a thing.

But I can’t really argue with someone who doesn’t think wage stagnation, housing to salary ratio etc hasn’t disproportionately impacted the young…

@Dorisbonson I was recently in hospital
and they would scan my wristband and sync the obs machine with my results so no need for paper.

I did think perhaps we should be making a contribution towards the food/tea & biscuits and also the transport system that some used.

Or: E. Donate to charities which support crumbling social services. That’s what I do. What I will never do is to complain about paying more tax so that millions of children can be lifted out of poverty.

If the business you own is providing a service which anyone could do after two hours training, then its not meeting a need and is unlikely to survive.

OMG! this is a new high of stupidity!

so all those cleaning businesses, delivery, postal service, even shops etc, they aren't meeting any needs... because those at the bottom of the ladder, like PP's batch operator, can be trained in a few hours to drop a post at a front door or stock shelf.

Oh course i pay tax, you absolute teatowel. I still want the government to "lurch to the left" 🙄 and spend money on things that it needs to spend money on.

@Dragonflytamer but surely you would have always moved to a machinery model even with the lower minimum wage?

Supply and demand babes. A cleaner solves a problem for a busy person who hates cleaning. Once a robot comes along that cleans your house from top to bottom, all those jobs go too.

Absolutely! but they can be trained in two hours ...
Who knew they aren't meeting any needs

I was specifically responding to the PP who invested money in a cake business. People who cant be bothered to make a cake will pay for that service, but the fact PP said the business went under because it didnt make enough money to make a profit demonstrates that not enough people needed it. Lots of people need cleaners now, but won't in the future. Drones will replace posties. And all those people will become economically stagnant and will buy less things and put less into the economy and pay less tax.

Edit to say, to be fair to you, it was old fashioned of me to think that manual jobs that are easy to learn and mechanise will be most effected. All the writing, maths and arts jobs are already on the way out due to AI!

Yet there was no free childcare at all not that long ago

You cant compare public and private pensions

In my working life so far I have had take out ‘new’ pensions with every different employer. Now employers are forced to pay into existing staff pensions from other employers. I have lost in costs 3 pensions because of this and lost my jobs because of babies. a job offering as much as 2% paid into a pension is a luxury in the private world
meanwhile 25% was recently offered to a dc along with a good salary in the public sector.
Before 2018 many private employers offered nothing other than ( if you were lucky ) a guy coming into the office to advice you on a pension. They weren’t paying anything in though.
There is no comparison and predicting how pensions will go in the future is pointless, hence the increase ‘in the past’ in pension landlords

Mortgage. If you lose your job you can get a short term loan to help pay for it whilst you’re looking for work. In the past you got nothing

Im afraid thinking there is less financial support for young people now compared to the past is woefully incorrect.

Talk to older unmarried mothers and see how you go