Labour Watch

[Max B Gold]

To be fair she has seen the impact of her policy and is trying to rectify it. We need people to invest in Britain not take their wealth elsewhere. It’s a start.

Good point. Will they be sharing this wealth in any meaningful way?

Not about rights and wrongs. Rich people like making money and in doing so invest. It’s that investment that allows companies to grow and in the process create jobs. Great political ideology to want the rich to pay more, in fact when you look at figures they contribute more than people think, but a bye-product of coming down hard is they simply take their wealth elsewhere. Lose-lose. Maybe not right, but life ain’t fair. Cut off your nose to spite your face stuff. Reality vs ideology.

Not enough reality going on right now.

All very interesting. But isn't one of the major historic and current weaknesses of the UK economy a lack of investment?

[Real Al]

Apparently there are around 3 million millionaires in the UK. That number's seen a big jump over the last 10 years. So...

a) we can afford to lose a couple
b) if they are so vital to our wealth, why are we in such a sh*t state?

[Dohnut]

Good point. Will they be sharing this wealth in any meaningful way?

Not about rights and wrongs. Rich people like making money and in doing so invest. It’s that investment that allows companies to grow and in the process create jobs. Great political ideology to want the rich to pay more, in fact when you look at figures they contribute more than people think, but a bye-product of coming down hard is they simply take their wealth elsewhere. Lose-lose. Maybe not right, but life ain’t fair. Cut off your nose to spite your face stuff. Reality vs ideology.

Not enough reality going on right now.

Jeff Bezos worth $243.8 billion.
There are currently 1.03 million zero hour contracts in the U.K
Is that kind of investment needed?

Bezos is a good example. I’m sure he could afford to pay more tax, no idea what he pays. But as a consequence of his business skills he has built an empire that employs 1.5 million people worldwide, many in the U.K.

But there are far more smaller entrepreneurs who invest and drive the economy. Bashing the rich is all well and good but they create jobs for many people as a consequence. In our small way we are all investors if we have a bank account.

It’s fashionable to bash the rich without appreciating exactly what they really contribute. Reeves and her softening of the nom-dom rules is a clear acceptance of this. Reality over ideology. The politics of envy creating a race to the bottom.

[Dohnut]

Apparently there are around 3 million millionaires in the UK. That number's seen a big jump over the last 10 years. So...

a) we can afford to lose a couple
b) if they are so vital to our wealth, why are we in such a sh*t state?

A couple maybe but not too many and certainly not in the numbers who are going. A big jump! Rather than criticising people for becoming wealthy perhaps we should recognise their efforts getting that way and find ways of encouraging more. I’d suggest they earned their wealth in many cases. If so, good luck to them.

Vital to our wealth. Can you quantify how the state of country would be without them? Of course not. You nor I have no idea. Such comments are pure ideology with no basis in fact.

[VeganO]

What really annoys me is that right wingers like Dohnut go on about the politics of envy.once anyone has the temerity to criticise people like Bezos.
It's the tired old he creates so many jobs argument., many of which will be poorly paid & workers prevented from joining a union.
People like him makes vast sums on the backs of not very well paid employees but I suppose that's ok with you.
So many are not paid enough to be able to live without scraping by but again that's obviously ok with you.

[Dohnut]

What really annoys me is that right wingers like Dohnut go on about the politics of envy.once anyone has the temerity to criticise people like Bezos.
It's the tired old he creates so many jobs argument., many of which will be poorly paid & workers prevented from joining a union.
People like him makes vast sums on the backs of not very well paid employees but I suppose that's ok with you.
So many are not paid enough to be able to live without scraping by but again that's obviously ok with you.

That’s a different argument and one I have some sympathy for. But before you can argue about the value of a job, the job must exist.

If people like Bezos did not create the jobs, there would be no argument about wages. Because people would not have jobs and I don’t really see that as much of an argument in all honesty. So let’s appreciate those who create the jobs whose wages we can then argue about. If that concept annoys there is not much I can do about it.

And I’ve heard this argument so many times. The reality is that in organisations such as Amazon, there will be a range of highly paid and low paid jobs and within that opportunity to develop for those with the interest to do so. They are not all poorly paid. Far from it.

The point really being without job creators there is no jobs and no wages. So let’s give credit for those who create jobs.

[George M]

Apparently there are around 3 million millionaires in the UK. That number's seen a big jump over the last 10 years. So...

a) we can afford to lose a couple
b) if they are so vital to our wealth, why are we in such a sh*t state?

It doesn’t take much to be a millionaire . Most of the residents of Buckhurst Hill are millionaires due to property value. Most of London will be the same.

[Dohnut]

Apparently there are around 3 million millionaires in the UK. That number's seen a big jump over the last 10 years. So...

a) we can afford to lose a couple
b) if they are so vital to our wealth, why are we in such a sh*t state?

It doesn’t take much to be a millionaire . Most of the residents of Buckhurst Hill are millionaires due to property value. Most of London will be the same.

It takes being able to afford to buy and repay the mortgage for 25 years. Even before property prices grew, to do this generally required a person to have a decent enough job for a long period of time, I’d say that is quite enough.

[Admin]

Apparently there are around 3 million millionaires in the UK. That number's seen a big jump over the last 10 years. So...

a) we can afford to lose a couple
b) if they are so vital to our wealth, why are we in such a sh*t state?

It doesn’t take much to be a millionaire . Most of the residents of Buckhurst Hill are millionaires due to property value. Most of London will be the same.

You buying?

I’d happily accept £1m for my house in IG9.

[George M]

Apparently there are around 3 million millionaires in the UK. That number's seen a big jump over the last 10 years. So...

a) we can afford to lose a couple
b) if they are so vital to our wealth, why are we in such a sh*t state?

It doesn’t take much to be a millionaire . Most of the residents of Buckhurst Hill are millionaires due to property value. Most of London will be the same.

It takes being able to afford to buy and repay the mortgage for 25 years. Even before property prices grew, to do this generally required a person to have a decent enough job for a long period of time, I’d say that is quite enough.

It does , but , the increase in property prices has brought more people into the millionaire bracket . My point is that the jump in numbers is more to do with the property boom rather than any entrepreneurial phenomenon

[George M]

Apparently there are around 3 million millionaires in the UK. That number's seen a big jump over the last 10 years. So...

a) we can afford to lose a couple
b) if they are so vital to our wealth, why are we in such a sh*t state?

It doesn’t take much to be a millionaire . Most of the residents of Buckhurst Hill are millionaires due to property value. Most of London will be the same.

You buying?

I’d happily accept £1m for my house in IG9.

I will pop round for tea and a valuation

[Bandy Legs]

Not about rights and wrongs. Rich people like making money and in doing so invest. It’s that investment that allows companies to grow and in the process create jobs. Great political ideology to want the rich to pay more, in fact when you look at figures they contribute more than people think, but a bye-product of coming down hard is they simply take their wealth elsewhere. Lose-lose. Maybe not right, but life ain’t fair. Cut off your nose to spite your face stuff. Reality vs ideology.

Not enough reality going on right now.

Jeff Bezos worth $243.8 billion.
There are currently 1.03 million zero hour contracts in the U.K
Is that kind of investment needed?

Bezos is a good example. I’m sure he could afford to pay more tax, no idea what he pays. But as a consequence of his business skills he has built an empire that employs 1.5 million people worldwide, many in the U.K.

But there are far more smaller entrepreneurs who invest and drive the economy. Bashing the rich is all well and good but they create jobs for many people as a consequence. In our small way we are all investors if we have a bank account.

It’s fashionable to bash the rich without appreciating exactly what they really contribute. Reeves and her softening of the nom-dom rules is a clear acceptance of this. Reality over ideology. The politics of envy creating a race to the bottom.

Rubbish.
Bezos has killed the High St. No more a Nation of Shop keepers employing millions. Just Billionaires profiteering

[Currywurst and Chips]

Apparently there are around 3 million millionaires in the UK. That number's seen a big jump over the last 10 years. So...

a) we can afford to lose a couple
b) if they are so vital to our wealth, why are we in such a sh*t state?

It doesn’t take much to be a millionaire . Most of the residents of Buckhurst Hill are millionaires due to property value. Most of London will be the same.

I believe the figure quoted about the fleeing minted bods related to cash millionaires not old dears selling up in Theydon Bois and moving to Alicante

[Dohnut]

Jeff Bezos worth $243.8 billion.
There are currently 1.03 million zero hour contracts in the U.K
Is that kind of investment needed?

Bezos is a good example. I’m sure he could afford to pay more tax, no idea what he pays. But as a consequence of his business skills he has built an empire that employs 1.5 million people worldwide, many in the U.K.

But there are far more smaller entrepreneurs who invest and drive the economy. Bashing the rich is all well and good but they create jobs for many people as a consequence. In our small way we are all investors if we have a bank account.

It’s fashionable to bash the rich without appreciating exactly what they really contribute. Reeves and her softening of the nom-dom rules is a clear acceptance of this. Reality over ideology. The politics of envy creating a race to the bottom.

Rubbish.
Bezos has killed the High St. No more a Nation of Shop keepers employing millions. Just Billionaires profiteering

Again a different argument. But I agree, Bezos has help destroy a number of low paid high street jobs, along with many other stores too replacing expensive to run buildings with online options. Which of course themselves create different types of job opportunities. Businesses can trade without massive rates accompanied with huge car parking charges.

But the point being investment, however it comes along, creates jobs and we need to encourage investors not push them away. The rich are investors and should be welcomed and encouraged not despised and pushed away.

[Mistadobalina]

Not that I think it's a great metric of economic health, but : https://www.cityam.com/uk-ranked-second ... obal-ceos/

[Bandy Legs]

Bezos is a good example. I’m sure he could afford to pay more tax, no idea what he pays. But as a consequence of his business skills he has built an empire that employs 1.5 million people worldwide, many in the U.K.

But there are far more smaller entrepreneurs who invest and drive the economy. Bashing the rich is all well and good but they create jobs for many people as a consequence. In our small way we are all investors if we have a bank account.

It’s fashionable to bash the rich without appreciating exactly what they really contribute. Reeves and her softening of the nom-dom rules is a clear acceptance of this. Reality over ideology. The politics of envy creating a race to the bottom.

Rubbish.
Bezos has killed the High St. No more a Nation of Shop keepers employing millions. Just Billionaires profiteering

Again a different argument. But I agree, Bezos has help destroy a number of low paid high street jobs, along with many other stores too replacing expensive to run buildings with online options. Which of course themselves create different types of job opportunities. Businesses can trade without massive rates accompanied with huge car parking charges.

But the point being investment, however it comes along, creates jobs and we need to encourage investors not push them away. The rich are investors and should be welcomed and encouraged not despised and pushed away.

A different argument on the same thread under the banner of Labour.
Yet so little comment from you on the Toryscum watch thread over the last 14 years.
You sir have a very small mind & that probably isn't the only small thing about you

[Hoover Attack]

Amazon, the saviours of the UK economy:

https://taxjustice.uk/blog/whats-amazons-tax-bill/

[faldO]

Amazon, the saviours of the UK economy:

https://taxjustice.uk/blog/whats-amazons-tax-bill/

Tax justice UK

[Hoover Attack]

Ok, I take it back, Amazon love paying taxes into the UKs coffers.

[Currywurst and Chips]

Accountant wants company to pay more tax (when they’re not clients of his)

[faldO]

Ok, I take it back, Amazon love paying taxes into the UKs coffers.

No need for that, I thought this is how it works, I post something, you add a laughing emoji without comment (presumably because it's a far right source), I do the same back.

Anyway, I didn't mean to mock them or you, they seem to be a fine bunch of middle class professionals, and diversity is their strength.

https://taxjustice.uk/people/

[Hoover Attack]

Ok, I take it back, Amazon love paying taxes into the UKs coffers.

No need for that, I thought this is how it works, I post something, you add a laughing emoji without comment (presumably because it's a far right source), I do the same back.

Anyway, I didn't mean to mock them or you, they seem to be a fine bunch of middle class professionals, and diversity is their strength.

https://taxjustice.uk/people/

These more your people?

https://www.adamsmith.org/our-people

Wonder if they're so free with who funds them.....?

[Admin]

Record jump in number of businesses in financial distress.

https://www.bbc.co.uk/news/articles/c9vmrpdrk4eo

Been predicting this for a while - always thought the economy was heading this way since late 2023 and in my opinion why Sunak bailed out in July and not in December (not that it did the Tories any good).

Not all of this falls at the feet of Labour 2.0 but the NI rises do hit smaller businesses running on very tight margins. Our staff NI increases will cost £10k pa - we're fortunate that as a small business we can carry it (although it does impact on the ability to increase salaries or recruit).

Retailers generally are in deep sh*t. Seeing lots of independent traders throw the towel in which leads to more empty shops and less populated high streets and now retail parks are feeling the same effect. Office market is still heavily affected post-Covid with hybrid working meaning less uptake of empty space which then hits surrounding businesses reliant on trade from office workers. Commercial property demand is now centered around high-bay warehouse space for logistics and not industrial uses. Think we're really paying the price for Amazon's presence in the retail sector and sh*t planning allowing so much out-of-town retail development since the early 90's which has killed off traditional retail positions.

[Hoover Attack]

Not all of this falls at the feet of Labour 2.0 but the NI rises do hit smaller businesses running on very tight margins. Our staff NI increases will cost £10k pa - we're fortunate that as a small business we can carry it (although it does impact on the ability to increase salaries or recruit).

The Employers NI rejig hasn't even kicked in yet.

[Stowaway]

Small businesses can cope with the NI increase. We are only a small outfit of 5 people, but what we’ve done is add 10p on to the price of our most popular item (inner tubes) and that will cover it for the year. It’s not difficult.