Posh totty in the studio
No, that was Keir Starmer.Wasn't he sat next to Reeves
Stupid boyNo, that was Keir Starmer.
I'm not sure that's going to save her from the mauling about to happen.Posh totty in the studio
He was sat next to reeves. As chief secretary of the treasury he co authored the budget. Actually thought he handled himself well and paul johnson from the ifs did accept his point on reservesYou've got to feel for this Labour MP, whoever he is.
He didn't get to sit in the Commons, cheer loudly and wave his paper in the air and, instead, he gets torn a new one on live TV.
How niceQuite liked the removal of business rate relief on private schools. Can see a few going to the wall
She could whisper her thoughts into my ear, I'd not be listening.I'm not sure that's going to save her from the mauling about to happen.
I think she's done the right thing.
Any increases in CT or div tax would have skewed the tax system back in favour of sole trades / partnerships paying lower tax than Ltd co.s and so resulted in closure of small companies = a lot of bureaucracy for minimal gain, but with a danger that if you DISINCENTIVISE incorporation then you are likely to be surpressing future business growth.
Here, limited liability status is a factor in people taking the plunge as their own personal assets aren't at immediate risk as compared with being a sole trader or partnership. Also, sole traders / partnerships are more likely to stay small than a Ltd co that will already form a PAYE scheme for director's salary and so be in a better place compliance-wise to take on staff.
NY Times all day long. Best £3 a month I spend.I'm told it has excellent puzzles.
Can't help thinking that Dame Laura Trott would do a better job than Laura Trott MPI'm not sure that's going to save her from the mauling about to happen.
Posh totty in the studio
I remember Brown making it zero corporation tax for the first ten k of net profit ..with the personal allowance at 4500? …you could earn a fair bit (back then) with zero tax (no tax on div) ..year later because so many one man bands went Ltd …he made it 10% …some of the advantages have been steadily erodedI think she's done the right thing.
Any increases in CT or div tax would have skewed the tax system back in favour of sole trades / partnerships paying lower tax than Ltd co.s and so resulted in closure of small companies = a lot of bureaucracy for minimal gain, but with a danger that if you DISINCENTIVISE incorporation then you are likely to be surpressing future business growth.
Here, limited liability status is a factor in people taking the plunge as their own personal assets aren't at immediate risk as compared with being a sole trader or partnership. Also, sole traders / partnerships are more likely to stay small than a Ltd co that will already form a PAYE scheme for director's salary and so be in a better place compliance-wise to take on staff.
As an outsider who hasn't lived in the UK for 16 of the last 20 years and isn't planning on doing so for much longer, this is it....the elephant in the room is still Brexit and the lack of Single Market access and Customs Union. No mention of Brexit from either side of the House today, no mention of how we can take advantage of our newfound sovereignty to get better trade deals outside of the EU 'yolk', so the conspiracy of silence remains. Yet that is the only way to turbo charge growth.
The young are getting higher National Minimum Wage / apprentice wages but it is clear big business has been hit by these costs and extra Employer's NI costs. The worry is this will fuel inflation and leave less profit to fund future wage increases.OBR says inflation will go up. IFS say most of these tax rises are effectively going to be paid for by working people through lower wages.
Doesn't sound too marvellous so far.
Don’t know how it’s looking now ..but just after she sat down I saw this …maybe wait a few days to see how it all settlesThe cost of government borrowing fell after the chancellor promised to balance the books early, with the OBR forecasting that the government would spend less than it gathers in tax by 2027.
Budget 2024 live: Rachel Reeves says Budget will raise taxes by £40bn
The chancellor says "economic stability must be restored" as she attacks the Conservatives' handling of public finances.www.bbc.co.uk
Yes, he created clear blue water between the tax a director/shareholder would pay on profits versus a sole trader / partnership, although how much that contributed to growth vs improvements to technology is a matter for debate.I remember Brown making it zero corporation tax for the first ten k of net profit ..with the personal allowance at 4500? …you could earn a fair bit (back then) with zero tax (no tax on div) ..year later because so many one man bands went Ltd …he made it 10% …some of the advantages have been steadily eroded
A similar thing happened to many public sector workers from 2010 onwards. Thank you Osborne!!!Well Labour have truly screwed those looking for work ( of which there are quite a lot of IT workers made redundant ). Two employers I was speaking to about a new role in their organisations had put the hiring process on hold until the budget - unsurprisingly BOTH today have now come back and said they no longer plan to create the new roles. Thank you Reeves !!!!!
Edit - and the daft thing is that I would have paid far more income tax if I got either role than the extra she has added to ENIC. Stupid.