More executives back Tory National Insurance plans

Rochdale_Pioneers

What I love about this is the increasing number of experts pointing out that the much predicted "tax on jobs" won't, as promised by the bosses, lead to them having to sack workers. A lot of news reports on the city getting increasingly loud wanting to know what happened to paying off the debt. And experts pointing out that when the Tories talk about how their savings are credible they have forgotten about the £15bn of cuts already happening.

Oh and pundits pointing out that jobs weren't lost after the last NIC rise not after the introduction of the minimum wage as hysterically hyped up by big business when that was introduced.

Thrugelmir

Rochdale_Pioneers wrote: »

What I love about this is the increasing number of experts pointing out that the much predicted "tax on jobs" won't, as promised by the bosses, lead to them having to sack workers. A lot of news reports on the city getting increasingly loud wanting to know what happened to paying off the debt. And experts pointing out that when the Tories talk about how their savings are credible they have forgotten about the £15bn of cuts already happening.

Oh and pundits pointing out that jobs weren't lost after the last NIC rise not after the introduction of the minimum wage as hysterically hyped up by big business when that was introduced.

Even the public sector will have to absorb the cost. As further funding has not been budgeted for.

"Its estimated the National Insurance increase will cost the NHS £208 million. Schools will pay an extra £66million – the equivalent of employing almost 2,000 teachers — while police forces face an extra tax bill of £43 million, enough to pay for almost 1,600 officers."

Even a staunch Labour supporter like youself must realise that no one, from any political party, has yet spelt out the real truth yet.

chucky

StevieJ wrote: »

What has that got to do with the NI increase for anyone paid over £20k? or even the price of fish.

it has nothing to do with it - you're being lectured to about a completely different point that you originally made.

Rochdale_Pioneers

Thrugelmir wrote: »

Even a staunch Labour supporter like youself must realise that no one, from any political party, has yet spelt out the real truth yet.

Exactly - its getting silly. On one hand we have all three parties falling over each other to prove that the others will cause public sector job cuts. All now accept it will happen and the argument has moved onto how many tens of thousands MORE the others will have to lay off.

On the other hand we have a variety of large tax bribes being offered to various groups with sketchy at best funding behind them. And however they are funded, its cash which just a fortnight ago was absolutely needed to pay off the deficit or we go like Greece.

Its very simple. There will be both big cuts and big tax rises. Both Labour and the Tories have pledged to cut north of £100bn off the deficit, and both are arguing over £6bn of National Insurance like its the end of the world. Bonkers.

Emy1501

Rochdale_Pioneers wrote: »

Exactly - its getting silly. On one hand we have all three parties falling over each other to prove that the others will cause public sector job cuts. All now accept it will happen and the argument has moved onto how many tens of thousands MORE the others will have to lay off.

On the other hand we have a variety of large tax bribes being offered to various groups with sketchy at best funding behind them. And however they are funded, its cash which just a fortnight ago was absolutely needed to pay off the deficit or we go like Greece.

Its very simple. There will be both big cuts and big tax rises. Both Labour and the Tories have pledged to cut north of £100bn off the deficit, and both are arguing over £6bn of National Insurance like its the end of the world. Bonkers.

We all want to have our cake and eat it. Everyone want to have great publice services but few want to pay for it. Therefore the party which can give the impression that they can cut the least and raise taxes the least will win.

PrivatisetheNHSnow

Emy1501 wrote: »

We all want to have our cake and eat it. Everyone want to have great publice services but few want to pay for it.

blame blair he started it

Nice_Username

Spartacus_Mills wrote: »

The business leaders are accountable to their shareholders. They are also right about this tax increase.

Fvck the business leaders and shareholders. The NI increase will not affect low-earners, and low-earners didn't cause the global recession, the wealthy elite did.

Emy1501

PrivatisetheNHSnow wrote: »

blame blair he started it

The general public know you cant have better public services without paying for it. Therefore its all our fault rather than Blairs. The belief that money can be found from nowhere to support better services is a bit of nonsense. Now its coming back to haunt us people want to blame it all on Blair.

The thing that also makes me laugh now is there are those who still think we can carry on like this.

StevieJ

Emy1501 wrote: »

The general public know you cant have better public services without paying for it. Therefore its all our fault rather than Blairs. The belief that money can be found from nowhere to support better services is a bit of nonsense. Now its coming back to haunt us people want to blame it all on Blair.

The thing that also makes me laugh now is there are those who still think we can carry on like this.

The Tories appear to now be saying that, not sure they believe it though, can't quite pick up on their literature where worse services get worse after their cuts in taxes and spending.

the Engineering Employers Federation has stayed silent, but today it stressed that its support for cutting NI was only tempered by a concern about how else a future government might lower the deficit.

kennyboy66_2

Thrugelmir wrote: »

Running a business maybe.

Employers NIC is a tax on jobs. Shortly be 13.8%.

Tax profit higher maybe, not burden Companies with increased costs.

What difference does it make to the owners of a company whether NIC goes up or Corporation tax goes up ?

It doesn't make the slightest difference (unless the company is making a loss perhaps).

The problem is that taxes will have to go up somewhere and no-one wants it to be on them. If someone had the honesty to say that VAT would be a better tax to increase (and it would be), then fine. But to pretend that the magical efficiency savings are going to cover it is laughable.

I'd increase VAT, fuel duties, air passenger tax - all simple and cheap to collect. I'd extend council tax so that a £5m house would pay significantly more. Again easy to collect and hard to avoid. I'd also reduce employers NI but increase income tax. Who's going to vote for that though.