Lets base our decision on PJ's IFS predictions always being correct? We should shun Labour at the election because their plans will cost £80billion. But of course as he is always correct We should vote Labour because Brexit could cost £20billion to £40billion in 2019/ 2020 ( in just one year). https://www.ifs.org.uk/publications/8296
If only, they have promised the Scots £100 billion over two terms, assuming they get a second term and the money is spread evenly that is £12.5 billion a year extra alone They also want a £150 billion social transformation fund to...Page 30 We will repair the damage the Tories have done to our social fabric, with a £150 billion Social Transformation Fund to replace, upgrade and expand our schools, hospitals, care homes and council houses. Public buildings will be modernised to ensure a reduction in their carbon footprint. Page 13 The cost of not acting is far greater than the cost of acting. We will launch a National Transformation Fund of £400 billion and rewrite the Treasury’s investment rules The thing is listed with such spend and all again whilst claiming 95% will pay no extra tax. Come on now
Perhaps, depending on how you interpret the figures. IFS say Brexit could cost £40Billion a year, so multiplied by 5 years is 200Billion. If Labours cost is £80billion for the same period, including better NHS/ Schools/ Housing/ More police/ Free internet and a saving of £120Billion. I'm certainly not saying those predictions are right because I really don't know.
It does depend how the figures are interpreted I agree. who knows, perhaps the businesses that have to pay more corporate tax will keep their profits by cutting directors pay.
On the plus side, with all the internet becoming free, the call centres will go back to Scotland and Newcastle. It won't make any difference in not being unable to understand what they are saying, but hey
I expect its something to consider. Many companies have no choice but to pay higher taxes if the government of the day demands it. I couldn't say for certain but if Starbucks were required to pay more taxes on £387million turnover what will they do? Pay up or not make anything from Britain? Then theres Amazon, Microsoft, Costa Google etc. The country wouldn't suffer if we all bought coffee somewhere else...
Most of what they are selling is water. I expect the poor devils will manage somehow. Amazon already pay $15 an hour in the US and McDs pay $9.80... Of course local costs are different but these are not massive jumps. Besides, call me old fashioned, but if you make £200million a year, maybe its OK if you just make £190million.
I agree on that scale 10million isn’t much, don’t know if they (and their shareholders) will see it that way though. Will look later to see what they pay in the U.K. not really relevant what they pay in the US.
If they pay those rates in the US on very similar margins why is it not relevant? What will the shareholders do - give up £190million to the new coffee chain who replaces them or say £190million ain't bad?
I get the impression shareholders and directors etc want every last penny they can get. Sadly they are more likely to reduce the number of staff for ‘optimisation’ or raise prices so they keep it all.
The rise in corporation tax will hit millions of businesses (data suggests there's 1.9m Ltd businesses in the UK for a start), as will the minimum wage increase (although I feel that's a fairly good thing) and that's not considering whether a 4 day week will come in whereby business owners will be forced to pay the same wages for less (unless productivity can increase 20% from every worker) To say to everyone "here's loads of free stuff and we're only taxing the rich and businesses so don't worry" is in my opinion misleading at best, mainly because it implies that they are the only people who will be affected. How can increasing the tax on profits and increasing the staffing expenses NOT force businesses of all sizes to increase prices for everyone on anything produced or resold? Is it really genuinely likely that businesses will take that reduction all for the greater good? Furthermore is it then also likely that businesses will take that reduction but continue to invest in the way they currently are, which in a lot of cases also creates jobs and security for millions. No...it's not really is it. So whether you're earning £15k/year or £150k/year those same products & services you're buying will very likely increase, thus increasing your monthly outgoings whether you fall foul of the £80k bracket or not. If you're already above minimum wage you're not going to get the minimum wage bump, there's no legal reason for that to happen. There is no such thing as a free lunch, but gruel is cheap and character building
Couple of points. Rich ( think multi million or billionaire status) who say they will leave, really? Other countries worth living in have high tax rates too. Also the mega rich already hide their vast wealth offshore so it is an empty threat for how it will affect UK wealth. Costa, Starbukcs, Amazon etc etal..will take business elsewhere.. only they loose. Another company will step in and be happy with the still substantial profits. They will not leave.. Increasing corporation tax could be the biggest Contribution to the economy. Take it back to where it was 10 years ago before the Tories reduced it down and down. Funny how only common folk had to pay for austerity..
Still whinging ? You're talking as if Labour has the reigns already, your Tory PR excercise ain't cutting it here.
if they where to follow the changes in our tax bands, the whining fuck on QT last night earning 80k would be paying less than £4 pw extra.
