Budget

[denso13]

No its Rachel from accounts.

She isn't the Chancellor? Wow...

she is keeping everything crossed that not too many pensioners will die after she took away their £300 heating help

They are better off than they have ever been.

 

[motorbiking]

She isn't the Chancellor? Wow...

They are better off than they have ever been.

Apart from those who:
- Have capital assets to dispose of to fund retirement
- Need to fund care
- plan to downsize, to fund retirement.

 

[denso13]

Then £200 won't help.

 

[blup]

Not Rachel from accounts, Rachel from retail banking

 

[denso13]

There’s nothing like a budget that inspires confidence and this budget was nothing like a budget that inspired confidence.

Warning retail job cuts ‘inevitable’ after NI tax rise in Budget

Retail firms have written to the chancellor to say they cannot manage rising costs and tax bills.

www.bbc.co.uk

So that’s pensioners, farmers, house buyers, private schools, high street businesses and those that work in them that the government have hit. So far. Doing well aren’t they?

Next?

Next nears £1bn profit as it raises forecast again - Retail Gazette

Next has upgraded its full year profit guidance for the second time in two months as it inches closer to delivering a profit of £1bn.

www.retailgazette.co.uk

Asda?

Asda increases underlying profits by 24% to £1.1bn

Supermarket chain Asda has revealed its financial results for the full year ending 31 December 2023.

www.foodmanufacture.co.uk

 

[motorbiking]

Maybe if she had been an actual economist, she'd have known that employer NI + salary + benefits are all the "cost of an employee". Let's call that X. Then you have the value of the employee, lets call that Y.

If X is greater than Y then you must reduce X. If Y is greater than X, then you must retain the employee. That is pure economics for a company operating in a market economy.

So increasing employers NI, costs jobs and impacts working people. its funny that she understood this in 2021, but not in 2024.

 

[denso13]

Next?

Next nears £1bn profit as it raises forecast again - Retail Gazette

Next has upgraded its full year profit guidance for the second time in two months as it inches closer to delivering a profit of £1bn.

www.retailgazette.co.uk

Asda?

Asda increases underlying profits by 24% to £1.1bn

Supermarket chain Asda has revealed its financial results for the full year ending 31 December 2023.

www.foodmanufacture.co.uk

Sainsburys?

Sainsbury's eyes £1bn retail profit as it hails 'strongest year of grocery performance' - Retail Gazette

Sainsbury's is expecting strong profit growth this financial year as the supermarket won shoppers and market share with its loyalty card prices.

www.retailgazette.co.uk

 

[ajohn]

Apart from those who:
- Have capital assets to dispose of to fund retirement
- Need to fund care
- plan to downsize, to fund retirement.

Which shifts the load up the wealth spectrum as expected. One of the aims.

 

[Notch7]

Maybe if she had been an actual economist, she'd have known that employer NI + employee NI + salary + benefits are all the "cost of an employee". Let's call that X. Then you have the value of the employee, lets call that Y.

If X is greater than Y then you must reduce X. If Y is greater than X, then you must retain the employee. That is pure economics for a company operating in a market economy.

So increasing employers NI, costs jobs and impacts working people. its funny that she understood this in 2021, but not in 2024.

Please explain how Tories were going to pay for the 2% cut in employees NI

Please explain where you think the money would come from to reduce NHS waiting lists, cost of paying Junior Drs, cost of repairing schools, cost of dealing with collapsing prison system and all the others public services the Tories destroyed.

Until you provide alternative ways to get that money, you can stop whining

 

[ajohn]

So increasing employers NI, costs jobs and impacts working people. its funny that she understood this in 2021, but not in 2024.

Some of the numbers kicking about on NI increase costs have included the min wage increase. Where one was broken down it indicated 50-50.

So don't increase the min wage as a solution?

Of course she is aware of the effects but what is the alternative? Bear in mind that borrowing to maintain the general public purse just isn't on as the markets would step in. The IMF would expect a visit. The alternative = do nothing.

I intended to look at retail profit level changes but denso has saved me the bother. Results are as I expected. Despite higher prices and effectively reduced incomes. Wage rises help them maintain / increase profits.

Go back to what I will call covid aid to the general public - that helped them maintain profits as well.

So now they moan. A rather one sided argument.

 

[Mottie]

I can never understand why people act surprised that massive businesses look to gain massive profits. If the business owners thought like you, they'd stop at one shop, two employees and be happy to cover their expenses year in, year out! At the end of the day they are there to earn money. They are not charities. Would you be happy charging as little as you could for your services or would you charge as much as you could? Nobody is forced to buy from these businesses - they are not monopolies.

 

[ajohn]

If the business owners thought like you,

Is that supposed to be me? Your entirely wrong.

 

[Brigadier]

I can never understand why people act surprised that massive businesses look to gain massive profits

You've missed the point.

What some on here take issue with is "we're going to go tits up if you try to get anything from us!" claims.

Hence the posting of examples of (non) struggling businesses.

 

[Mottie]

What some on here take issue with is "we're going to go tits up if you try to get anything from us!" claims.

Everyone knows that corporate speak for we're not going to earn as many millions for our shareholders.

 

[Mottie]

Is that supposed to be me? Your entirely wrong.

No, it’s anyone who moans about profits of a company that they are not forced to buy from. They can always go elsewhere.