Budget

[denso13]

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

I'm not moaning about profits at all, good luck to them. I pointing out that they are saying "poor us, we don't want to contribute a bit more for the good of society", while making billions off shoppers.

 

[denso13]

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

Quite.

 

[ajohn]

There has been more independent analysis of the farmers situation. One thing that is clear is the fact that the gov's claims of the number effected is way way closer to reality than claims that are being made.

The remaining aspect relates to joint ownership and inheritance laws which can result in an allowance ranging from £2 to 3m. If taxed they have 10years to pay it off.

 

[motorbiking]

The problem is having the assumption that there is a fixed source of revenue to tax and spending money is the only way to achieve improvements.

 

[motorbiking]

There has been more independent analysis of the farmers situation. One thing that is clear is the fact that the gov's claims of the number effected is way way closer to reality than claims that are being made.

The remaining aspect relates to joint ownership and inheritance laws which can result in an allowance ranging from £2 to 3m. If taxed they have 10years to pay it off.

With interest.

 

[Brigadier]

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

No one is moaning about the profit per se.

 

[motorbiking]

No one is moaning about the profit per se.

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

 

[ajohn]

My main interest is the OBR etc expected outcome of the changes. NI and it seems min wage will result in a small short term increase in inflation as it will be largely passed on to customers. They then look at the overall picture and conclude that due to wage increases people are still likely to be better off. The BofE actually expects more over inflation pay rises next year. Company cost increases may well reduce the level of those. That can be seen as desirable.

So we are in a moaning period. Come the actual time a company needs to have planned and decided what to do. They still want increasing profits and have a larger market shares.They all have the same problem to face.

Shop assistants - increased use of self checkout should mean less needed. Not so popular with bulk shopping buys.

The motor industry. Min people and max robots due to wage rates. Even in China.

 

[motorbiking]

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.

 

[carmanmemoranda]

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.

A business only employs people, especially at retail customer facing level to make profits

If they need z amount of people to handle that amount of turnover and profit they will still employ them and absorb or pass on any costs accordingly.

It's simple business calculations

 

[carmanmemoranda]

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.

I don't notice any of the top executives struggling to pay themselves.

Get things in perspective 1st

 

[motorbiking]

A business only employs people, especially at retail customer facing level to make profits

If they need z amount of people to handle that amount of turnover and profit they will still employ them and absorb or pass on any costs accordingly.

It's simple business calculations

fine if you are in a market where demand exceeds supply and you are in control of who is able to acquire you. But they aren't

 

[carmanmemoranda]

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

Yep it's tough out there. Always has been.

No big business has been singled out ! Market will continue

 

[carmanmemoranda]

fine if you are in a market where demand exceeds supply. But they aren't

Tesco's, Sainsbury's etc etc.

 

[motorbiking]

Yep it's tough out there. Always has been.

No big business has been singled out ! Market will continue

under foreign ownership
wallmart, REWE, Aldi, Carefore etc.