Costs of jobs-possible inflation?

[Wilts#Dave]

That’s a large cost to employ someone who may have little or no skills as such. I can’t see how it can’t negatively affect employment, for small business's in particular it’s just getting too expensive to employ people! 
I’m in trade and there’s a reason a lot of builders etc only use sub contractors (self employed folk) and have no one on the books. 
 

[Weihrauch17]

And meanwhile Councils get the Green light for their workers to do a 4 day week, reduced hours by 20% but no reduction in pay or Council Tax to the mugged off Public.  Great to see Labour 'Fixing the Foundations' and maximising growth.  The only thing they are maximising is the damage they can inflict on the country they hate before being kicked out.

[armsid]

This will discourage training for apprentices and will add to job losses

[Lloyd90]

It’s all about scale and the big picture sadly. 
 

The government doesn’t care if a few small time businesses go under.

The people they care about are the massive corporations and real wealth behind everything that owns everything.  
 

We are one of the richest countries in the world, yet one of the worst in Europe for income inequality. 
 

If businesses “can’t afford” to pay the people on minimum wage then surely their business is unviable? 
 

All whilst big companies continue to declare record profits and CEO and business owners wages hits up to 200x what they pay their average worker. 
 

HMRC and HMG are all about the balance sheets. 

[Mungler]

The problem is that the government want to grow the public sector and the public sector has to be funded by the private sector.

Throwing inflation busting pay rises around to all areas of the public sector won’t just effect the here and now with inflation but the really big damage comes later with public sector pensions and perks - in short we will be paying for what’s coming next, forever.  

[JohnfromUK]

49 minutes ago, Mungler said:

The problem is that the government want to grow the public sector and the public sector has to be funded by the private sector.

Throwing inflation busting pay rises around to all areas of the public sector won’t just effect the here and now with inflation but the really big damage comes later with public sector pensions and perks - in short we will be paying for what’s coming next, forever.  

/\. This.

Problem is that the left's idea of growth is based around bigger public spending by a bigger public sector; 

• More civil servants
• More nationalised industry/services/utilities
• Bigger (and more cumbersome if that is possible) Health Service
• More spending on outdated railways
• More state (or realistically local Gov't) property rental sector
• A huge new "British Energy' white elephant, which will do what the State does best - waste money

This will be paid for by;

• Additional borrowing (sort of hidden by 're-classifying' what constitutes borrowing in 'economic cycles')
• More taxing private business/sector (to 'squeeze it out' and favour state sector)
• More taxing long term private ownership (family farms, businesses and pensions/savings)
• Squeezing private rental sector to favour state sector

It will cause (must be their idea of growth);

• Higher inflation (= false 'growth' as the figures do rise)
• Higher interest rates
• Higher unemployment
• Spiralling state spending and borrowing

and

• Lower productivity
• Lower inwards investment
• Lower personal savings and pension savings (which are industry's working capital source)
• Lower private sector economic activity
• Lower real growth (as already predicted beyond the immediate budget spree)

Most of these 'magic money trees' that were going to provide cash to fuel these spending sprees have been shown to be a pack of lies;

• Much trumpeted 'non-dom' tax is likely to actually raise very little
• Purely political tax changes to private education will yield little due to need to take pupils into state sector
• Changes to NI will yield much less than expected due to employers cutting back and changing employment plans

Hard times ahead for all but the State sector, - NHS, big unionised workforces and Civil servants - as always under Labour.

[Penelope]

13 hours ago, Weihrauch17 said:

And meanwhile Councils get the Green light for their workers to do a 4 day week, reduced hours by 20% but no reduction in pay or Council Tax to the mugged off Public.  Great to see Labour 'Fixing the Foundations' and maximising growth.  The only thing they are maximising is the damage they can inflict on the country they hate before being kicked out.

Having worked for a Council in the mid 00's I thought they were already on a 4 day week.

[Yellow Bear]

2 hours ago, JohnfromUK said:

/\. This.

Problem is that the left's idea of growth is based around bigger public spending by a bigger public sector; 

• More civil servants
• More nationalised industry/services/utilities
• Bigger (and more cumbersome if that is possible) Health Service
• More spending on outdated railways
• More state (or realistically local Gov't) property rental sector
• A huge new "British Energy' white elephant, which will do what the State does best - waste money

This will be paid for by;

• Additional borrowing (sort of hidden by 're-classifying' what constitutes borrowing in 'economic cycles')
• More taxing private business/sector (to 'squeeze it out' and favour state sector)
• More taxing long term private ownership (family farms, businesses and pensions/savings)
• Squeezing private rental sector to favour state sector

It will cause (must be their idea of growth);

• Higher inflation (= false 'growth' as the figures do rise)
• Higher interest rates
• Higher unemployment
• Spiralling state spending and borrowing

and

• Lower productivity
• Lower inwards investment
• Lower personal savings and pension savings (which are industry's working capital source)
• Lower private sector economic activity
• Lower real growth (as already predicted beyond the immediate budget spree)

Most of these 'magic money trees' that were going to provide cash to fuel these spending sprees have been shown to be a pack of lies;

• Much trumpeted 'non-dom' tax is likely to actually raise very little
• Purely political tax changes to private education will yield little due to need to take pupils into state sector
• Changes to NI will yield much less than expected due to employers cutting back and changing employment plans

Hard times ahead for all but the State sector, - NHS, big unionised workforces and Civil servants - as always under Labour.

This ^^^^^ 

but Lloyd id alright Jack because he works for the NHS

[amateur]

The big problem is that the left only know how to rehash FDR's New Deal and Keynesian economics

[TOPGUN749]

11 hours ago, Lloyd90 said:

It’s all about scale and the big picture sadly. 
 

The government doesn’t care if a few small time businesses go under.

The people they care about are the massive corporations and real wealth behind everything that owns everything.  
 

We are one of the richest countries in the world, yet one of the worst in Europe for income inequality. 
 

If businesses “can’t afford” to pay the people on minimum wage then surely their business is unviable? 
 

All whilst big companies continue to declare record profits and CEO and business owners wages hits up to 200x what they pay their average worker. 
 

HMRC and HMG are all about the balance sheets. 

It could be more than a few either go under or just pack it in. To suddenly have to find an extra £2622 a year just at minimum wage level,if it was £35,000 a year wages it’s £2737 extra.When someone gets a £1500 a year rise next year the government gains £645 revenue and the On top of that tax take they will reduce the payout to anyone on universal credit,or stop it,and claw in even more.

[Lloyd90]

1 hour ago, Yellow Bear said:

This ^^^^^ 

but Lloyd id alright Jack because he works for the NHS

I won’t work in the NHS actually… but I am moving over to it next year. Taking a pay cut to do so as daytime hours work better around family/baby. 

Over 43,000 vacancies in the NHS in the first quarter of 2023/24. 
 

Come on over to easy street, the land of milk and honey. 
 

You can sit back and do no work thinking how great the pay and conditions / work load are … whilst at the same time scratch your head and wonder why they are losing staff, nurses and doctors left right and centre, can’t recruit, and waiting lists are through the roof, whilst the public and media call the service broken. 

[amateur]

46 minutes ago, Lloyd90 said:

I won’t work in the NHS actually… but I am moving over to it next year. Taking a pay cut to do so as daytime hours work better around family/baby. 

Over 43,000 vacancies in the NHS in the first quarter of 2023/24. 
 

Come on over to easy street, the land of milk and honey. 
 

You can sit back and do no work thinking how great the pay and conditions / work load are … whilst at the same time scratch your head and wonder why they are losing staff, nurses and doctors left right and centre, can’t recruit, and waiting lists are through the roof, whilst the public and media call the service broken. 

Will you be at the sharp end, or one of the stuffing?

Edited Tuesday at 11:18 by amateur
Typo

[Lloyd90]

1 minute ago, amateur said:

Will you be at the sharp end, or one of the stuffing?

One of the what sorry? 

[amateur]

1 hour ago, Lloyd90 said:

One of the what sorry? 

The NHS is well padded

[Lloyd90]

26 minutes ago, amateur said:

The NHS is well padded

Ah right, 

Managing the Safeguaridng service for a trust that cover 5 A&E depts across a major metro area. 
 

Child abuse, domestic violence, domestic homicide, non mobile baby injuries, etc, etc.

Being one of the managers though I suppose I am simply one of the padding. 

[Yellow Bear]

1 minute ago, Lloyd90 said:

Ah right, 

Managing the Safeguaridng service for a trust that cover 5 A&E depts across a major metro area. 
 

Child abuse, domestic violence, domestic homicide, non mobile baby injuries, etc, etc.

Being one of the managers though I suppose I am simply one of the padding. 

No that one sounds like a poison chalice that none of the "Girls" want, but I bet that they will try to "manage" you to take the blame.

[team tractor]

19 hours ago, TIGHTCHOKE said:

But you do get free plasters.........................

😂😂😂. 

19 hours ago, mel b3 said:

Snigger 😁

Should of said you’re in stitches 😂

15 hours ago, armsid said:

This will discourage training for apprentices and will add to job losses

Most companies can’t insure under 18s now so apprentices are becoming a thing of the past 

[ditchman]

therace to net zero is going to be the real killer.........just look at the taxes preposed in the summit which is going on now

[old man]

9 hours ago, Mungler said:

The problem is that the government want to grow the public sector and the public sector has to be funded by the private sector.

Throwing inflation busting pay rises around to all areas of the public sector won’t just effect the here and now with inflation but the really big damage comes later with public sector pensions and perks - in short we will be paying for what’s coming next, forever.  

In my vaguely sensible world there's room for both?

The problem arises as there is little common sense that can be found in any political arena, all are greedy towards their own ends pushed forward by the snakes in the back room?

[Penelope]

43 minutes ago, ditchman said:

therace to net zero is going to be the real killer.........just look at the taxes preposed in the summit which is going on now

81% reduction by 2035 according the Herr Starmer!!

[Vince Green]

10 hours ago, Penelope said:

Having worked for a Council in the mid 00's I thought they were already on a 4 day week.

I worked briefly for our local council some twenty years ago. Not as an employee but as a contractor. The place was a holiday camp back then.

[oowee]

On 11/11/2024 at 18:07, team tractor said:

I’ve 4 staff members. I’m trying to charge more but I’m struggling to keep up . 
£20,000 a year rent and it’s climbing . 
just the van insurances were £500 each extra . 
everything is going up except the prices. 
My mates a carpet fitter the last 20 years and he’s just got a job employed. He loves it . Pension , holidays etc.

 

ive had 6 days holiday this year plus stats . No chance of more 

I have seen your work it looks amazing it's hard to understand the situation re pricing. I don't know your rates but here it's almost impossible to get work done. In Plymouth I am paying £70 an hour for engineers, carpenters, or electricians or riggers and they are mostly booked six months ahead.

[Sawyet]

Read this tread with interest, as an employer of 22 (16 full time & 6 varying degrees of part time) the budget has sealed the death knell for our Business. We have been a "Family Business" since 1849 (we were manufacturing presentation boxes when Florence Nightingale was nursing), the latest round of cost increases is just not sustainable. Following the NMW hike earlier this year I had four people leave (organically, retirement etc) & I havent been able to afford to replace them, currently for the first time since NMW came out we are not paying at least 10% over it, in fact bang on it. We work a 4 day compressed hour week & historically we provide 5 weeks plus the Public Holidays & the bottom line costs have been unsustainable, this will be the first financial year in my memory (58) where we will not show a profit. There is no margin left & no possibility to increase our costs further to our Customers (echoed by most of our Customers), we tend to deal mainly with smaller SME businesses & the environment for Business owners is now toxic. Our gross profit has remained a constant percentage of turnover for the last 5 years but the underlying costs have escalated beyond control (despite cutting back on outsourced services to the point where the Directors clean the toilets etc before we finish on Thu night.

Speaking to a lot of our Customers they, as we, are looking for a way out & relieving the constant headaches of running a small Business.

 

[Mungler]

30 minutes ago, Sawyet said:

Speaking to a lot of our Customers they, as we, are looking for a way out & relieving the constant headaches of running a small Business.

 

How old are you and how often do you run the pension / exit calcs in your head?

 

[Sawyet]

38 minutes ago, Mungler said:

58, up until earlier this year it had never really been on our radar.

I suppose along with a lot of Business owners we have had several approaches over the years but the timing has never been right. For a very specific reason my Wife & I don’t have pensions (we did but, needed the cash 3 years ago to fund a very expensive legal battle on behalf of my Mother-in-Law which she settled at mediation but due to that didn’t receive costs). We own rental properties (both resi & holiday) that my Wife runs but the resi climate is so toxic at the minute that we are getting out & the holiday lets in N.Wales (due to Gwynedd Councils A4 directive) are also now questionable so we are moving out of that. Those investments were supposed to be our “pension” along with any capital we receive from selling the Business/Business premises. Currently the income from our own personal portfolio is supporting the Business but as that dwindles & we offload the properties I am not prepared to eat into our capital (if that makes sense).