Current Affairs Liz Truss

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ToffeeTim said:
So the ridiculous 6% rise overnight in CT will go ahead after all in April. This will cause job losses - it's inevitable.

Basic mathematical example:

A company makes £500k profits. They currently pay £95k at 19%. From FY23 they will pay £125k at 25%. The difference = £30k. That £30k is someone's salary, and some businesses will cost cut rather than fully absorb the additional tax hit. Especially as we are about to enter recession, and quite possibly are already there.

Not to mention to completely unneccessary indecision and U-turning they have done on this issue. Some business have remodeled their cashflow and projections to stay at 19% and made financial decisions based on the rate not changing. Now they have to recalculate the figures again, but have potentially already spent or set aside some of that extra cash they believed they would no longer have to pay in CT.

Bad Policy. Very Bad.
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Would be interested to see your evidence to support this, as I don’t believe there is any.
 
Brennan said:
Would be interested to see your evidence to support this, as I don’t believe there is any.
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I deal with businesses every day. I think that a 6% increase in CT will make some decide to cut other costs. Be that not buying that new piece of machinery, or not take on that extra employee, or give wage increases, or make the temporary staff member permanent etc (those are only examples off top of my head in fairness).

I can't think of a 6% rise in one go for a long standing, established tax. I hope I am wrong but I am feeling a little pessimistic.
 
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JimmyJeffers said:
It’s real



Her Instagram account is one of the weirdest things on the internet
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A colleague involved in her Russia visit said that one of her key agenda items was getting a pic in a Russian hat. I laughed about it at the time but it was clearly part of self publicist drive to ape Thatcher. She is a prime example of a superficial character blagging her way into a position a world above her capabilities.
 
ToffeeTim said:
So the ridiculous 6% rise overnight in CT will go ahead after all in April. This will cause job losses - it's inevitable.

Basic mathematical example:

A company makes £500k profits. They currently pay £95k at 19%. From FY23 they will pay £125k at 25%. The difference = £30k. That £30k is someone's salary, and some businesses will cost cut rather than fully absorb the additional tax hit. Especially as we are about to enter recession, and quite possibly are already there.

Not to mention to completely unneccessary indecision and U-turning they have done on this issue. Some business have remodeled their cashflow and projections to stay at 19% and made financial decisions based on the rate not changing. Now they have to recalculate the figures again, but have potentially already spent or set aside some of that extra cash they believed they would no longer have to pay in CT.

Bad Policy. Very Bad.
Click to expand...
Or they could simply raise their prices. Further fuelling inflation.
 
Spadge Vernacular said:
A colleague involved in her Russia visit said that one of her key agenda items was getting a pic in a Russian hat. I laughed about it at the time but it was clearly part of self publicist drive to ape Thatcher. She is a prime example of a superficial character blagging her way into a position a world above her capabilities.
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Remember she has taken a publicly funded private photographer with her on round the world tours.
 
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