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Old 20-06-2022, 23:13   #4141
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Re: Britain outside the EU

Brexit benefit finally identified by the government!
Quote:
No 10 planning to tear up restrictions on City bosses’ pay amid cost of living crisis

Downing Street has asked ministers to ease restrictions on City bosses’ pay in a bid to show overseas companies the “benefits of Brexit”, i can reveal.

Steve Barclay, the Prime Minister’s chief of staff, wrote to Chancellor Rishi Sunak with a plan for “deregulatory measures to reduce the overall burden on business” and attract more firms to the UK.

One key plank of the plan included “removing restrictions on director (and specifically NED [non-executive director]) remuneration as suggested by the London Stock Exchange Group to improve London’s attractiveness for listings”.

But with the cost of living crisis and a squeeze on earnings hitting millions of ordinary workers, the proposal may spark controversy.

It followed intense talks between the PM’s Minister for Policy Andrew Griffith, the No 10 Policy Unit, Business Secretary Kwasi Kwarteng and Minister for Brexit Opportunities Jacob Rees-Mogg.

A copy of the confidential letter from Cabinet Office minister Mr Barclay to the Chancellor has been seen by i. It says: “I trust you’ll agree this is a more proportionate regulatory response and reflective of the new approach to regulation outlined in the ‘Benefits of Brexit’ publication in January.”
https://www.msn.com/en-gb/money/othe...?ocid=msedgntp
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Old 21-06-2022, 10:03   #4142
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Re: Britain outside the EU

But if "city bosses" make more moolah and then spend it in the UK that is a positive. (They will probably find a way to avoid tax).



True it is divisory in one sense and like will cause problems looking at the disparity between the top and bottom earners but that disparity is always going to be there. As a Christian I believe that God will call to account those who "have" on what they've done with what He has given them. I have no problem with people having lots but they need to be generous and not only to those who can "pay it back".
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Old 21-06-2022, 11:36   #4143
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Re: Britain outside the EU

Quote:
Originally Posted by tweetiepooh View Post
But if "city bosses" make more moolah and then spend it in the UK that is a positive. (They will probably find a way to avoid tax).



True it is divisory in one sense and like will cause problems looking at the disparity between the top and bottom earners but that disparity is always going to be there. As a Christian I believe that God will call to account those who "have" on what they've done with what He has given them. I have no problem with people having lots but they need to be generous and not only to those who can "pay it back".
I am no theologian but I thought Christ was quite explicit in his preachings that excessive wealth was an anathema to him?

https://en.wikipedia.org/wiki/Christ...th#The_Gospels

Of course, later on when man reinterpreted his original message to "allow" wealth as long you are "generous" did we arrive at the normalising of obscene wealth and the illusion of trickle down economics.
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Old 21-06-2022, 11:43   #4144
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Re: Britain outside the EU

Quote:
Originally Posted by ianch99 View Post
I am no theologian but I thought Christ was quite explicit in his preachings that excessive wealth was an anathema to him?

https://en.wikipedia.org/wiki/Christ...th#The_Gospels

Of course, later on when man reinterpreted his original message to "allow" wealth as long you are "generous" did we arrive at the normalising of obscene wealth and the illusion of trickle down economics.
You'd need a degree in Science fiction to sort that one out.
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Old 21-06-2022, 12:30   #4145
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Re: Britain outside the EU

Quote:
Originally Posted by ianch99 View Post
I am no theologian but I thought Christ was quite explicit in his preachings that excessive wealth was an anathema to him?

https://en.wikipedia.org/wiki/Christ...th#The_Gospels

Of course, later on when man reinterpreted his original message to "allow" wealth as long you are "generous" did we arrive at the normalising of obscene wealth and the illusion of trickle down economics.
Paging Chris!
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Old 21-06-2022, 15:05   #4146
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Re: Britain outside the EU

Quote:
Originally Posted by tweetiepooh View Post
But if "city bosses" make more moolah and then spend it in the UK that is a positive. (They will probably find a way to avoid tax).



True it is divisory in one sense and like will cause problems looking at the disparity between the top and bottom earners but that disparity is always going to be there.
The disparity is growing daily, the workers pay has stagnated since the seventies when I believe the 'bosses' pay was 40 times the average worker, it's now 300 times the average, it trickles one way and it ain't down, so much for high skill, high wage economy, the first time the little man asks for a pay rise he's told that's not for you and has to threaten strikes
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Old 21-06-2022, 17:23   #4147
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Re: Britain outside the EU

Quote:
Originally Posted by TheDaddy View Post
The disparity is growing daily, the workers pay has stagnated since the seventies when I believe the 'bosses' pay was 40 times the average worker, it's now 300 times the average, it trickles one way and it ain't down, so much for high skill, high wage economy, the first time the little man asks for a pay rise he's told that's not for you and has to threaten strikes
2010: 20 billionaires
2021: 170 billionaires

I'd say your analysis is spot on. One big con trick ..
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Old 21-06-2022, 20:08   #4148
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Re: Britain outside the EU

Quote:
Originally Posted by ianch99 View Post
2010: 20 billionaires
2021: 170 billionaires.
That’s inflation for you!
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Old 21-06-2022, 20:17   #4149
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Re: Britain outside the EU

Quote:
Originally Posted by ianch99 View Post
2010: 20 billionaires
2021: 170 billionaires

I'd say your analysis is spot on. One big con trick ..
I blame Starmer.
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Old 21-06-2022, 20:21   #4150
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Re: Britain outside the EU

Quote:
Originally Posted by ianch99 View Post
2010: 20 billionaires
2021: 170 billionaires

I'd say your analysis is spot on. One big con trick ..
How much of that money was earned outside the UK? Nothing to do with the UK.
Their wealth is not in the form of cash in the bank. It also depends on there being other billionaires who can afford to give them billions if they were going to sell.
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Old 21-06-2022, 20:28   #4151
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Re: Britain outside the EU

Quote:
Originally Posted by OLD BOY View Post
That’s inflation for you!
OB, I commend you! Brilliant

---------- Post added at 20:28 ---------- Previous post was at 20:27 ----------

Quote:
Originally Posted by nomadking View Post
How much of that money was earned outside the UK? Nothing to do with the UK.
Their wealth is not in the form of cash in the bank. It also depends on there being other billionaires who can afford to give them billions if they were going to sell.
Shilling for the ultra wealthy is not a good look
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Old 21-06-2022, 21:13   #4152
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Re: Britain outside the EU

Quote:
Originally Posted by ianch99 View Post
2010: 20 billionaires
2021: 170 billionaires

I'd say your analysis is spot on. One big con trick ..
Quote:
Originally Posted by OLD BOY View Post
That’s inflation for you!
If it had been in line with U.K. inflation, there would be 25 billionaires…

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Old 21-06-2022, 21:35   #4153
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Re: Britain outside the EU

Quote:
Originally Posted by ianch99 View Post
OB, I commend you! Brilliant

---------- Post added at 20:28 ---------- Previous post was at 20:27 ----------



Shilling for the ultra wealthy is not a good look
Just facts. There were more than 10 in 2010. The financial crash lowered the number by 2010.

What have businesses outside the UK got to do with any "trickle down" in the UK?
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Old 21-06-2022, 22:22   #4154
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Re: Britain outside the EU

Quote:
Originally Posted by nomadking View Post
Just facts. There were more than 10 in 2010. The financial crash lowered the number by 2010.

What have businesses outside the UK got to do with any "trickle down" in the UK?
He said 20…
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Old 22-06-2022, 05:35   #4155
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Re: Britain outside the EU

Quote:
Originally Posted by Hugh View Post
He said 20…
Still more than 20, 30, 40.
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