More executives back Tory National Insurance plans

Money_Grabber13579

bigheadxx wrote: »

The real difference between the parties is simple. Labour thinks it knows best how to spend your money rather than you spending it yourself. This was well demonstrated by Alan Johnsons answer on QT last week when he was trying to defend the increase in NI.

He simply reeled off a host of government "initiatives" that have allegedly reduced the level of unemployment. He is blissfully unaware that this money he is spending comes from ordinary taxpayers and businesses. I am pretty sure that a business is far more able to create a long term stable job that the government so it makes sense that this particular rise does not go ahead.

Yet another example of the nanny state...

Spartacus_Mills

Money_Grabber13579 wrote: »

No Labour realise there's waste. But they think it's a good idea to waste the money for another year before cutting it. Keeps the deficit up, you see.

Whereas the Tories realise waste is waste and should be cut now.

www.dogw.co.uk

worldtraveller

Gordon Brown is 'rattled' over National Insurance row, say Conservatives

The mounting backlash by business leaders over Government plans to raise National Insurance has left Gordon Brown looking "very rattled" in the run up to the General Election, David Cameron has said.

His comments came as Marks & Spencer chief executive Sir Stuart Rose slammed the Prime Minister for dismissing the business community's concerns over tax rises.

Mr Brown had suggested business leaders who supported Conservative tax plans had been "deceived" by promises which were not credible.

But Mr Cameron said the Government was losing the argument and it was time Mr Brown stopped insulting those who were helping to lead the country out of recession.

As the row continued to intensify Mr Cameron revealed another 13 businesses had backed Tory plans to scrap the majority of the NI increase funded by efficiency savings.

Speaking at an election press conference, Mr Cameron offered some advice to Business Secretary Lord Mandelson, telling him: "It really is worthwhile to stop insulting the businesses and the business leaders who are going to help lead this country out of recession. That seems to me to be a crazy thing to do."

He added that the Government were "looking very rattled and very worried that they are losing the argument with business".

Mr Brown had earlier accused the Tories of drawing up their tax plans on the "back of an envelope", claiming business leaders had been deceived by promises which were not credible.

But Sir Stuart Rose, the executive chairman of Marks & Spencer, who has signed a letter criticising the rise in NI, accused the Prime Minister of insulting the intelligence of the country's top executives.

Sir Stuart said: "I don’t think it’s helpful to dismiss 60 people saying we are dupes. If I had been the Prime Minister I might have said 'I don’t agree with them, they are entitled to their point of view, let’s have a debate about it'. I would not just say that they have been misled. To mislead one person is possible, to mislead 60 is quite difficult."

He said that it is "unfortunate" that a serious debate has been "dismissed collectively".

Telegraph.co.uk

CLAPTON

not possible to mislead 60 top people?

then how did the banking crisis occur?

let's remember that most of the 60 signatures earn millions, and have bonuses dependent upon profits and share prices so are hardly count as 'dis-interested ' observers of the situation... many are just protecting their bonuses.

Money_Grabber13579

CLAPTON wrote: »

not possible to mislead 60 top people?

then how did the banking crisis occur?

let's remember that most of the 60 signatures earn millions, and have bonuses dependent upon profits and share prices so are hardly count as 'dis-interested ' observers of the situation... many are just protecting their bonuses.

But you should remember that abandoning the rise won't affect their bonuses as it's more than likely that they will be over £45,000. Remember the rise is still coming in for those earning over £45k?

Thrugelmir

CLAPTON wrote: »

not possible to mislead 60 top people?

then how did the banking crisis occur?

let's remember that most of the 60 signatures earn millions, and have bonuses dependent upon profits and share prices so are hardly count as 'dis-interested ' observers of the situation... many are just protecting their bonuses.

Are you worth what you are paid in your job?

Its all relative. Unlike Sir Stuart Rose I expect you are expendable.

JayScottGreenspan

lvader wrote: »

In a weak economy is it better to cut government spending or increase taxes? That is the choice in a nutshell.

I agree. That's the nub of the matter.

Furthermore, looking at the individual ways to cut govt spending, or the individual ways to increase taxes, a few things occur to me:

1) Cutting wasteful govt spending is a no-brainer, budget deficit or not. (Is stupidity or dishonesty the reason this always rears its head at election time...?)

2) Replacing trident. ID cards. Free laptops. Cameron's new two month scheme for youngsters. All great ways to spend money and have absolutely nothing to show for it. None of the above, please.

3) National Insurance is one of the worst taxes to increase because of the cost to the employer and the effect on employment.

4) Even an increase in PAYE would be 'less bad' than an increase in NI - it would still take money out of the economy, but it would not inhibit employment as much as the cost to employers is indirect. The reason they plumped for the option that will harm the UK more: politics.

5) The cut in stamp duty is absurd. The cost to the Tresury far outweighs the slim, indirect benefit to the economy.

StevieJ

CLAPTON wrote: »

not possible to mislead 60 top people?

They are not being mislead they are being political, it was funny on Newsnight last night, they wheeled out James Caan as a Tory backer and he demolished the now 81 business leaders arguments with reference to the majority of their workforce being on less than 20k. So funny

marklv

1% on NI will make very little difference - we are talking pennies here. All these business leaders are Tory supporters anyway, so pay any attention to them?

marklv

StevieJ wrote: »

They are not being mislead they are being political, it was funny on Newsnight last night, they wheeled out James Caan as a Tory backer and he demolished the now 81 business leaders arguments with reference to the majority of their workforce being on less than 20k. So funny

Indeed. he just proved very easily that all these business leaders are just mouthpieces for the conservatives.