Current Affairs The Labour Party

[Harryflashman]

@peteblue

Private sector pay will be cut back while public sector pay goes up. Prices will rise across the board. Lowering the NI threshold from £9k to £5k is a real kick in the teeth for the hospitality industry and together with increased minimum wages will result in many pubs, restaurants and small businesses going to the wall or putting up prices and reducing staff….

Factoring in everything how much do you reckon on a pint in your place Pete , 10p ?

 

[JimmyJeffers]

A mate owns one of the farms surrounding our village, he works a minimum of 12 hours a day every day. They are a strange breed farmers but I would never underestimate the work they put in…..

It’s relentless work for many. Contrary to popular belief many farmers aren’t loaded either and will have been working since early teens as well causing all sorts of mobility issues by the time they’re in their 30s/40s

Very high suicide rates as well.

 

[JimmyJeffers]

Farm Talk hour. On grand old team

 

[COYBL25]

£7.70 a pint in Edinburgh. How are the Scots allegedly big boozers? Business owner moaning about employer NI wiping out their profit completely.

It’s always been madly expensive, with it being the capital and mega touristy.

You can get much cheaper away from the tourist places.

 

[Joey66]

A mate owns one of the farms surrounding our village, he works a minimum of 12 hours a day every day. They are a strange breed farmers but I would never underestimate the work they put in…..

It's a cloven hoof affair - we need farms for our food - but Gentleman rich millionaires buy farmland lease it out to Tennant farmers who work the land on a pittance- yet you could argue if your children then avoid inheritance tax - when a business owner of his business pay inheritance tax - how is that fair ?
It's a loophole to stop such Gentleman farmers who have had this perk for decades !
It's now when reality steps in millionaires are in uproar remember also farm buidings for farm usage including glasshouses are exempt from council tax only the living quarters on a farm pay council tax - I agree it has to be a fine balance for food production etc
The millionaires who have purchased farmland to dodge inheritance tax = tough the loophole has now been closed ....

 

[Yarrgh]

£7.70 a pint in Edinburgh. How are the Scots allegedly big boozers? Business owner moaning about employer NI wiping out their profit completely.

They sacrifice their need for fresh fruits and vegetables. Noble sods.

 

[davek]

It feels strange

Farm Talk hour. On grand old team

Im crying me eyes out for rich farmers not being able to pass their fortunes down their weirdly unevolved family trees like.

It's about the only thing Starmer's Gang have done that I could fully support.

 

[bluestevon]

It’s always been madly expensive, with it being the capital and mega touristy.

You can get much cheaper away from the tourist places.

7.70, is that the actual price, like seriously wtf

Was last there 12 years ago, price was 2.80.

At what point will people realise the utter bs about improving economy and inflation being no problem....

 

[peteblue]

@peteblue

Factoring in everything how much do you reckon on a pint in your place Pete , 10p ?

We will do it in three chunks, probably 20p immediately (make that 21p and we’ll knock a penny off as per the generous budget), a further 10p early in the new year, then we wait and see the increases from the Breweries around about March/April which could easily result in a further 20p rise. And don’t forget that 20% of any increase goes straight back in VAT….

 

[NilSatisOptimum]

Private sector pay will be cut back while public sector pay goes up. Prices will rise across the board. Lowering the NI threshold from £9k to £5k is a real kick in the teeth for the hospitality industry and together with increased minimum wages will result in many pubs, restaurants and small businesses going to the wall or putting up prices and reducing staff….

Reeves is having a bad morning in front of the cameras attempting to explain herself:

So there you have it, the chancellor has acknowledged that workers will likely end up paying for some of those big hikes to National Insurance by employers.

What it could mean is that wages will not rise as quickly as they may have done without the measure.

So one year, you might get a 2.5% pay rise, the next a 2% increase then a 1% bump.

The Conservatives cut workers' National Insurance twice, the most recent of which was a pre-election giveaway. In total, that cost around £20bn a year.

Now Labour are increasing National Insurance for businesses to raise around £25bn.

The Bank of England's former governor Meryn King has said that Labour should have been upfront about workers' taxes from the get-go. Labour pledged not to raise workers' taxes in its manifesto.

He criticised the Tories for cutting National Insurance in the first place given the pressures on the public finances. But he said: "Honestly, I think that would be much better now just to say to people 'this is where we are', be completely straight with people. Say 'we made that pledge in the heat of an electoral battle, it was a mistake, we regret it and we're going to unwind it'."

Those running the business have choice they don't have to pass on the cost to employees or customers. They themselves who run businesses could burden the cost.

 

[bluestevon]

Those running the business have choice they don't have to pass on the cost to employees or customers. They themselves who run businesses could burden the cost.

Yeah because that's the way businesses work....

 

[COYBL25]

We will do it in three chunks, probably 20p immediately (make that 21p and we’ll knock a penny off as per the generous budget), a further 10p early in the new year, then we wait and see the increases from the Breweries around about March/April which could easily result in a further 20p rise. And don’t forget that 20% of any increase goes straight back in VAT….

If one of my locals follows this pattern, it’ll take the price of a pint, which currently stands at a fiver, to close to 6 quid, which will see it shut.

It’s already opening on reduced hours - shutting at 9pm or earlier during the week and 10.30pm Friday / Saturday.

Pre pandemic it was open from 12.00 - 12.00 and doing a healthy trade.

It’s a Punch pub too, so undoubtedly the rises will be bigger.

The only reason it’s still open as far as I can see, is that the licensee is sub letting the living quarters above the pub on the sly.

 

[peteblue]

Those running the business have choice they don't have to pass on the cost to employees or customers. They themselves who run businesses could burden the cost.

Have you ever tried to run a small business with employees ? Not a criticism, but certainly not a single person on the Labour front bench ever has….

 

[peteblue]

If one of my locals follows this pattern, it’ll take the price of a pint, which currently stands at a fiver, to close to 6 quid, which will see it shut.

It’s already opening on reduced hours - 9pm or earlier shut during the week and 10.30pm Friday / Saturday.

Pre pandemic it was open from 12.00 - 12.00 and doing a healthy trade.

It’s a Punch pub too, so undoubtedly the rises will be bigger.

The only reason it’s still open as far as I can see, is that the licensee is sub letting the living quarters above the pub on the sly.

…and £1 of that six quid goes straight to the VATman …

 

[Harryflashman]

We will do it in three chunks, probably 20p immediately (make that 21p and we’ll knock a penny off as per the generous budget), a further 10p early in the new year, then we wait and see the increases from the Breweries around about March/April which could easily result in a further 20p rise. And don’t forget that 20% of any increase goes straight back in VAT….

My first guesstimate was 8p but now a bit less than yours maybe 12/15

If one of my locals follows this pattern, it’ll take the price of a pint, which currently stands at a fiver, to close to 6 quid, which will see it shut.

It’s already opening on reduced hours - shutting at 9pm or earlier during the week and 10.30pm Friday / Saturday.

Pre pandemic it was open from 12.00 - 12.00 and doing a healthy trade.

It’s a Punch pub too, so undoubtedly the rises will be bigger.

The only reason it’s still open as far as I can see, is that the licensee is sub letting the living quarters above the pub on the sly.

changes in hours feels like the early indicator the end isn’t far away .

I think most will rise this year maybe a little less than @peteblue ‘s suggestion . There are certainly a few bars I can think of that are currently over charging that might have to bite it rather than pass it on .