Re: Here comes the tax rises
 

Carers Allowance to rise to equal 16 hours of the National Minimum Wage.

16 x £12.21 = £195.36 ? £195.36 x 52 = £10,158.72 pa. ???

It is presently £4,258.80 pa.

Or did I hear her incorrectly?

Re: Here comes the tax rises
 

It's going to cost the worker.

My (very) quick calculations are that a small business employing someone on minimum wage for a 37.5 hour week will have to find another £998.65 per year to fund the wage increase and employers NI increase.

Imagine how much the NI increase is going to cost for larger employers. Just the reduction of the £9100 threshold to £5000 itself will cost the business £492 for every employee.

Ultimately it's going to cost employees, it will result in lower wage rises and lower down the wage chain it will cost jobs.

Now I'm part time at least the NI increase is only going to cost me around £1200 per year Ouch.

Re: Here comes the tax rises
 

This was the so called budget "rabbit out of the hat".
We're all supposed to be grateful that they aren't going to do something that wasn't planned to happen anyway.

Re: Here comes the tax rises
 

Do you mean this?
Link
So Carers allowance won't rise, but the amount they can earn does rise.

Re: Here comes the tax rises
 

I had a quick read of the main points on the BBC site, there dont seem to be any personal tax rises.
Indirectly, I expect prices of goods & services will rise due to increased business costs (mostly NI changes).
Since prices rise anyway, it may be hard to tell how much more they have gone up than they would have otherwise.

Overall, it doesnt seem as bad (for me anyway) as I had expected.

Re: Here comes the tax rises
 

Any thought of onshoring call centers, out the window

Re: Here comes the tax rises
 

Don't worry , Richard, will tell businesses we're to find another money tree :D remember we the customer aren't the source of the monies, that are given to everyone. :rolleyes:

Re: Here comes the tax rises
 

The minimum wage going up might feed to prices but I think that would have happened anyway.

Re: Here comes the tax rises
 

Except in your case… (according to you ;) )

Re: Here comes the tax rises
 

Quite, it's not attractive to new businesses and I fail to see how this fits with their manifesto promise of being business friendly and their claims of growing the economy. It looks like their real plan is to have us in a recession.

One local small business I visit has three employees and the owner has been telling me he's been struggling to stay afloat. I believe what he says, when he says what he earns himself some weeks which is less than the minimum wage. He says he often earns less than his employees, but I guess the lefties just consider him as a business owner to be a capitalist pig.

Re: Here comes the tax rises
 

Haven't worked out how to avoid vat , council tax. :D but never fear they are working on it. :D

Re: Here comes the tax rises
 

Kwasi Kwarteng has admitted Reeves is cleaning up the tory mess in the i paper it behind a paywall so not linking it

Re: Here comes the tax rises
 

I nearly died laughing :rofl:

https://youtu.be/-pzRqc022tA?t=142

Re: Here comes the tax rises
 

Isn't this the essential problem here: we have so many people who feel that they should not contribute, in a proportionate way, to help repair the damage to the country and its services that the last 15 years inflicted.

Re: Here comes the tax rises
 

Don't mention the EU