Do you want to discuss boring politics? (14 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.

 

---

[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.

 

[skybluejelly]

My basic round up of the budget , Harder for young people to find jobs, harder for small/medium sized firms to employ young people, harder for people to plan to be self funding in retirement, harder for people to afford EV cars to reduce carbon emissions, harder for people to access low risk savings. The bulk of working people appear to have got nothing from this budget.

 

[PVA]

Whenever its budget time you get various news sources doing their 'how typical people will be impacted' type pieces. I've already seen one for a couple earning over £100K. Seems way out of touch with the average person struggling to pay their bills.

There's one in the Daily Mail about a couple complaining that things are already tight with their business and the budget will make it even harder.

They have £3.5mil in their profit and loss account.

 

[Sky Blue Pete]

There's one in the Daily Mail about a couple complaining that things are already tight with their business and the budget will make it even harder.

They have £3.5mil in their profit and loss account.

I can understand them wanting reform
The argument is if you want a functioning society you need to pay into a common purse but it needs to work and that’s the narrative that’s being parroted
Our country is shit but we’re really patriotic of course
So patriotic that I’m gonna speak the country down or attack what makes us British or the best one I’m gonna leave

 

[fatso]

My basic round up of the budget , Harder for young people to find jobs, harder for small/medium sized firms to employ young people, harder for people to plan to be self funding in retirement, harder for people to afford EV cars to reduce carbon emissions, harder for people to access low risk savings. The bulk of working people appear to have got nothing from this budget.

Yep, yet another completely counter growth budget.

 

[wingy]

Threshold will have been in place for 8 yrs is it while we've had records level's of inflation, but she's confident that inflation will shrink next year 🫣
Looks like she's relying on the BOE of doing what, who knows?

 

[Grendel]

I can understand them wanting reform
The argument is if you want a functioning society you need to pay into a common purse but it needs to work and that’s the narrative that’s being parroted
Our country is shit but we’re really patriotic of course
So patriotic that I’m gonna speak the country down or attack what makes us British or the best one I’m gonna leave

What good things do you think the budget offered to SMEs?

 

[wingy]

Threshold will have been in place for 8 yrs is it while we've had records level's of inflation, but she's confident that inflation will shrink next year 🫣
Looks like she's relying on the BOE of doing what, who knows?

Looks like regards people taking precautions for old age will be driven towards the stock market or property which they appear to be penalising especially the multi person type which is a bugbear of mine.
I'd say it's a good one for the speculative interest and obviously the Banking profession.

 

[Grendel]

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

Clueless as usual

 

[SBAndy]

What good things do you think the budget offered to SMEs?

Not wholly across the detail yet. Saw something about business rates reform for hospitality, etc but appreciate that’s not market-wide.

Generally agree with the sentiment, though. A lot of (fairly punitive) window dressing.

 

[Grendel]

Not wholly across the detail yet. Saw something about business rates reform for hospitality, etc but appreciate that’s not market-wide.

Generally agree with the sentiment, though. A lot of (fairly punitive) window dressing.

https://www.thisismoney.co.uk/money/markets/article-15329815/Reeves-blasted-business-rates-blunder-Small-firms-face-BIGGER-bills-reforms.html

 

[Brighton Sky Blue]

Let’s be honest she looks like Severus Snape and acts like it too.

 

[Sky Blue Pete]

What good things do you think the budget offered to SMEs?

SME’s??

 

[Brighton Sky Blue]

SME’s??

Small/medium enterprises

 

[Sky_Blue_Dreamer]

Let’s be honest she looks like Severus Snape and acts like it too.

But Snape turns out to be a bit of a hero...

 

[Brighton Sky Blue]

But Snape turns out to be a bit of a hero...

If Reeves does I’ll be stunned

 

[SBAndy]

https://www.thisismoney.co.uk/money/markets/article-15329815/Reeves-blasted-business-rates-blunder-Small-firms-face-BIGGER-bills-reforms.html

Ah. Like I said, not across the detail just saw that referenced.

 

[rob9872]

If Reeves does I’ll be stunned

Much more likely to be Heroin(e)

 

[Sick Boy]

I can understand them wanting reform
The argument is if you want a functioning society you need to pay into a common purse but it needs to work and that’s the narrative that’s being parroted
Our country is shit but we’re really patriotic of course
So patriotic that I’m gonna speak the country down or attack what makes us British or the best one I’m gonna leave

The worst are those who are on 100s of grand who complain about the state of the country then move to Dubai.

 

[CovValleyBoy]

Work 0 Shirk 3