stonerblue
Well-Known Member
Then they can put it in a trust and avoid the tax i believe.
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The Labour Government
- Thread starter SkyBlueFlux
- Start date
stonerblue
Well-Known Member
According to the beeb, the retailers are Tesco (£2.2bn profit last year), Amazon (£28bn), Greggs (£188m) and Next (£918m) amongst others...So retail warning them of the cost to jobs Reeves budget will have, Farmers pissed off, Pensioners pissed off and now inflation up from 1.7% to 2.3% but it’s all ok apparently if you listen to Labour ministers with their scripted 3 word catchphrases and their supporters on here.
Our company alone is facing a £150000 hike thanks to Reeves next year at least.
By all means support the Labour Party over the Tories, I too voted Labour but please don’t defend the shit they’re coming up with at the moment because it’s disastrous and if you close your eyes you would be forgiven for thinking it’s the Tories doing this shit.
stonerblue
Well-Known Member
Maybe its just that 50,000 poor people turn pension age?I'm not sure how "relative" poverty works in this. Part of the government's argument is that withdrawing the WFA(=£4 or £6/week) is in the context of an increase in the state pension over 3 years of £45/week. Those who would be put into relative poverty (not necessarily the same 50,000 each year) can't be those on Pension Credit so must be people just over the Pension Credit threshold or entitled but not claiming. Yet other benefits and average wages haven't gone up by as much as the triple-lock pensions, so against whom are these 50,000 relatively poorer? Children in poverty? Other pensioners with private pensions?
Won't someone think of the supermarkets. They only make billions in profit and apparently they will have to pass NI costs onto us? We need the supermarket regulators to tell them to get fucked and stop rinsing us since they've been allowed to have a monopoly.According to the beeb, the retailers are Tesco (£2.2bn profit last year), Amazon (£28bn), Greggs (£188m) and Next (£918m) amongst others...
bluethrunthru
Well-Known Member
Not scared off by copper blowing whistle, these people really having nothing to lose.
metalblue
Well-Known Member
I'm not sure how "relative" poverty works in this. Part of the government's argument is that withdrawing the WFA(=£4 or £6/week) is in the context of an increase in the state pension over 3 years of £45/week. Those who would be put into relative poverty (not necessarily the same 50,000 each year) can't be those on Pension Credit so must be people just over the Pension Credit threshold or entitled but not claiming. Yet other benefits and average wages haven't gone up by as much as the triple-lock pensions, so against whom are these 50,000 relatively poorer? Children in poverty? Other pensioners with private pensions?
I’ve never been a fan of relative poverty as a metric. I think it’s measured as 2/3rds of median income, which mathematically it would be very hard to ever irradiate- unless everyone earned same etc.
However in the context of holding Starmer’s and Reeve’s feet to the fire over the WFA I’ve no qualms with using it given they’ve used relative poverty frequently enough to further their own arguments. Of course you’re right to highlight increases in pensions due next year and they would have done a lot better to delay the WFA being removed until next winter, let the rise hit pensioners first and give them plenty of notice.
So retail warning them of the cost to jobs Reeves budget will have, Farmers pissed off, Pensioners pissed off and now inflation up from 1.7% to 2.3% but it’s all ok apparently if you listen to Labour ministers with their scripted 3 word catchphrases and their supporters on here.
Our company alone is facing a £150000 hike thanks to Reeves next year at least.
By all means support the Labour Party over the Tories, I too voted Labour but please don’t defend the shit they’re coming up with at the moment because it’s disastrous and if you close your eyes you would be forgiven for thinking it’s the Tories doing this shit.
What kind of size company is it you work for? I'm assuming the £150k is for minimum wage rises as well as the NI?
metalblue
Well-Known Member
If all these tax-dodgers (e.g. Clarkson) were not buying up farm land to tax dodge, farm land for real farmers would be cheaper. Hence, fewer farms would have to pay IT, farmers could afford to buy more land, and young farmers might be able to afford to start up—just a thought.
The problem, here and in many other areas of life, is tax dodging and the distortions it causes to markets.
They’ll just move on to the next tax efficient vehicle. It was film making not that long ago wasn’t it. Tax rules brought in to help sectors of the economy - and let’s face it IHT on farms was exempt for all the reasons farmers aren’t happy about it being applied - being exploited by ne’er do goods.
I’ve never been a fan of relative poverty as a metric. I think it’s measured as 2/3rds of median income, which mathematically it would be very hard to ever irradiate- unless everyone earned same etc.
However in the context of holding Starmer’s and Reeve’s feet to the fire over the WFA I’ve no qualms with using it given they’ve used relative poverty frequently enough to further their own arguments. Of course you’re right to highlight increases in pensions due next year and they would have done a lot better to delay the WFA being removed until next winter, let the rise hit pensioners first and give them plenty of notice.
Wasn't Michael Gove planning to ensure all schools were above average? Perhaps he can help with relative poverty too.
metalblue
Well-Known Member
He would just start token farming.
He does already. Lot of research in to growing crops and the such. I’ve no idea if it’s useful or just a smokescreen.