Do you want to discuss boring politics? (36 Viewers)

[chiefdave]

It is no wonder pubs and restaurants are closing at record rates the amount of products they have to sell to just break even is insane

Chancellor Rachel Reeves has confirmed she will introduce permanently lower business rates for retail, hospitality and leisure firms, paid for by higher levies on big properties.

Retailers have been crying out for business rates reform for years, with concerns that the tax creates an unfair playing field between high street and online firms, which only owe warehouse property taxes.

 

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[Marty]

Complain you can't afford to live in your mansion and drive your fleet of Range Rovers while telling other people they'd be fine if they cancelled Netflix!

It seems that way. Everyone really needs to start living below their means. Put money away for a rainy day etc. I'm on around 50k with overtime and drive a 10 year old car, colleagues are getting a brand new one every 2 years and paying more for a car then I do for my mortgage. Its mental the amount people are wasting to keep up appearances.

 

[PVA]

~500k children to be lifted out of poverty with the removal of the two child benefit cap

 

[rob9872]

~500k children to be lifted out of poverty with the removal of the two child benefit cap

Or

Approx 300,000 adults had more kids than they could afford and expected the state to help them out

 

[fernandopartridge]

Not sure how people are struggling on 50k tbh.

Depends on the circumstances but it's not a lot of money to come into a household with kids for example

 

[Ccfcisparks]

Depends on the circumstances but it's not a lot of money to come into a household with kids for example

Minimum wage is circa £24k a year. Two working parents full time will be on £50k.

It's not a lot of money at all.

We have people going on that we are having less kids, but having 2/3 kids and 2 parents surviving on £50k total is not a lot at all.

 

[rob9872]

Minimum wage is circa £24k a year. Two working parents full time will be on £50k.

It's not a lot of money at all.

We have people going on that we are having less kids, but having 2/3 kids and 2 parents surviving on £50k total is not a lot at all.

2 on 24 are better off as two tax free limits too. It used to be a lot, it really isnt now.

 

[Ccfcisparks]

2 on 24 are better off as two tax free limits too. It used to be a lot, it really isnt now.

Yep good point.

Then its almost a decision of getting a mortgage, or paying for kids.

 

[Captain Dart]

Basically even more tax for Labour's crazed plans and the inevitable bait and switch on EV's.

 

[oscillatewildly]

~500k children to be lifted out of poverty with the removal of the two child benefit cap

It won’t work that way.

 

[skybluetony176]

Or

Approx 300,000 adults had more kids than they could afford and expected the state to help them out

Don’t forget the pensioners who failed to prepare for retirement so are having a pay rise above the triple lock. They’ll be expecting help with their fuel bills next

 

[oscillatewildly]

The wicked witch’s assertion that she wants people to ‘pay a little more’ is BS.
Any increase since the lunacy of constant price increases for the vast majority of households took hold is just plain MORE.

 

[SBAndy]

Yep good point.

Then its almost a decision of getting a mortgage, or paying for kids.

And then you get a mortgage and then kids come along and all the stuff you need to furnish/baby proof the house.

 

[fernandopartridge]

It seems that way. Everyone really needs to start living below their means. Put money away for a rainy day etc. I'm on around 50k with overtime and drive a 10 year old car, colleagues are getting a brand new one every 2 years and paying more for a car then I do for my mortgage. Its mental the amount people are wasting to keep up appearances.

Agree and disagree at the same time. We live in a consumer economy so people buying goods is important. That said, a lot of this spending is excessive interest payments in reality, which have very little economic benefit to anybody but capital.

 

[Sky_Blue_Dreamer]

The thing that really gripes me is the continual mantra about growing the economy, when small businesses are on their knees , the minimum wage has gone up 50% since Covid , add to that national insurance and pension contributions, I am amazed anyone is starting a new buisness, It is no wonder pubs and restaurants are closing at record rates the amount of products they have to sell to just break even is insane

Right...The problem is always those greedy fuckers at the bottom wanting enough money to be able to live somewhere and eat. Disgraceful!

 

[rob9872]

Right...The problem is always those greedy fuckers at the bottom wanting enough money to be able to live somewhere and eat. Disgraceful!

Of course not, but that's not what's being said. If people cant afford to employ them, there will be no job, which encourages things like low skilled poorly paid and often cash in hand where nothing is contributed to the pot. In things like the hospitality industry, to pay for it, drives prices up without increasing standards, so the net result is less customers, resulting in closure. It's a self creating spiral.

For an employer, it's also not just those at the bottom. How do you think the supervisor who has worked hard to better themselves reacts with more experience, workload, responsibility, when the pay gap is closed beneath them? They want and deserve more too, so costs go up to cover their increase and on it goes.