[Politics] The Labour Government

[fly high]

14 voluntary, community and social enterprise organisations across Sussex have calculated the additional costs of the NI increases will total £1,827,000.

I am trustee of a charity that supports hundreds of people with learning difficulties across the county (Downs , Autism etc). For our organisation alone the cost will be £176,000. After years of cuts to social care, there is no fat left to cut and many (most?) charities providing public services will not survive this. This will be nothing short of disastrous for the people we support and little better for the thousands who will lose their jobs. I am not at all sure our charity will survive but if it does it will only be through severe cuts to the support we give to some of the most vulnerable people in our society.

There are still people on here determined to defend the government on their budget. Could those people please tell me now how this is 'OK' and how this fits with a party (which I stupidly supported) that promised to be different to the uncaring Tories?

I REALLY want to know

There are aspects of this budget which are completely indefensible. It all started with the failure to protect the poorest pensioner properly. The complete failure to take into account the affect the rise on NI would have on all charities, especially ones supporting the vulnerable such as your charity. There are hospices which save the NHS hundreds of millions of £s each year, loose those & NHS spend will rocket. Loose the many charities which provide all sorts of support & people will expect Government to step in & they won't be nearly as efficient.

Add to that the attack on small/medium farmers where they really want to hit the richest why target the smaller ones as well. Government figures suggest that the average return on capital for farms (which is the percentage return that they are making from things like land and machinery) is only about 0.5%, which is very low (taken from BBC Verify). So from these meagre profits they are expected to hand over money to HMRC to squander. The treasury expects to take approx. £230m in 2026 rising to approx. £500 by 2029, not exactly much to the treasury in the great scheme of things but absolutely massive for farmers. Set the start point higher to get the rich but leave the poorer alone.

 

[Giraffe]

If they really thought they needed that much tax they should have put it all on corp tax not Ers NI. Therefore purely on profits made. Set the right level and generate the same amount of tax. It would have no impact on charities that are not for profit making and less imp t on employment because big businesses are generally judged on their pre tax profit. It’s a cash hit not a profit hit.

 

[Weststander]

If they really thought they needed that much tax they should have put it all on corp tax not Ers NI. Therefore purely on profits made. Set the right level and generate the same amount of tax. It would have no impact on charities that are not for profit making and less imp t on employment because big businesses are generally judged on their pre tax profit. It’s a cash hit not a profit hit.

Corp tax at 26.5% and 25% on all but the lowest profit companies is at the mid to higher range across the OECD/Europe.

Nations considered social democracies have lowered the rate below ours to attract business, whilst Ireland have gone far further.

It’s a competitive world. Everything counts in large amounts.

 

[KZNSeagull]

Corp tax at 26.5% and 25% on all but the lowest profit companies is at the mid to higher range across the OECD/Europe.

Nations considered social democracies have lowered the rate below ours to attract business, whilst Ireland have gone far further.

It’s a competitive world. Everything counts in large amounts.

The grabbing hands grab all they can.