Budget

[carmanmemoranda]

under foreign ownership

So ni increase is making it better for foreign ownership ? Ok

 

[Brigadier]

No one is moaning about the profit per se.

I stand corrected.

But there is a failure to understand the economics of businesses operating in a market economy.

 

[ajohn]

It's not as simple as that. If you don't hit earnings targets, your value will fall and you ultimately become a target for acquisition.

If costs are passed on that does not apply. in facts costs are known to have increased to maintain and increase profits. It's just not so noticeable as general inflation effects are. In fact a recent figures on food is 3%.

Smaller businesses will be getting rate relief - they say not enough,

 

[motorbiking]

If costs are passed on that does not apply. in facts costs are known to have increased to maintain and increase profits. It's just not so noticeable as general inflation effects are. In fact a recent figures on food is 3%.

Smaller businesses will be getting rate relief - they say not enough,

Until you asses the impact on the whole supply chain..

The result is the employer looks for employee efficiency savings. Offshoring operations, reducing head count. This is largely what the big employers are saying.

 

[denso13]

This is largely what the big employers are saying.

They want to keep their profits in the billions, that is what they are saying.

 

[motorbiking]

If thats your takeaway, rather than the impact on "working" people, then you may need to retune.

 

[denso13]

Nearly a third of the additional costs they claim they will suffer were introduced by the previous government. I don't remember you being up in arms about that.

 

[fillyboy]

They want to keep their profits in the billions, that is what they are saying.

Large supermarkets have an operating profit of around 3% of turnover, doesn't strike me as greedy.

 

[blup]

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.

Semantics, everybody new she meant employees, and was going to shaft employers

 

[motorbiking]

I was totally expecting to get shafted, personally. But then I didn't vote them in.

 

[carmanmemoranda]

Until you asses the impact on the whole supply chain..

The result is the employer looks for employee efficiency savings. Offshoring operations, reducing head count. This is largely what the big employers are saying.

Swerving away from retailers with that argument aren't you.

Tesco Sainsbury Greggs etc. Which is who were trying to make the point, badly

 

[carmanmemoranda]

Large supermarkets have an operating profit of around 3% of turnover, doesn't strike me as greedy.

Seen how much the top execs get paid ?

 

[motorbiking]

Swerving away from retailers with that argument aren't you.

Tesco Sainsbury Greggs etc. Which is who were trying to make the point, badly

no - you didn't get it in relation to your own industry, I doubt you'll understand it if we try again.

 

[motorbiking]

Nearly a third of the additional costs they claim they will suffer were introduced by the previous government. I don't remember you being up in arms about that.

Even more reason not to add to the load.

Higher prices certain and job losses inevitable after budget, retail chiefs warn

The retail sector's biggest names club together to send a message to the chancellor that the budget cost burden she plans will have economic consequences for inflation, employment and investment.

news.sky.com