This Labour government is killing the economy, employers first.
This might help show why so many are so frustrated so soon with this government:
Employee Numbers:
Public Sector: 6m
8,000 Private Sector PLCs and Large businesses: 10.6m
Private Sector Small & Medium businesses: 16.7m
If you provide employment, you are a top contributor to society, because you are creating jobs, and paying the employers NI on top of salaries.
And corporation tax.
Every extra job you create takes someone out of unemployment, reduces the cost to the taxpayer, creates income for the government, and improves the prospects of the newly employed person.
That's the basis of prosperity.
The private sector employs 4 times as many people as the public sector. All 27 million of those private sector employees are paid from the proceeds of those businesses selling goods and services that people and other businesses want.
Now imagine you're one one of the 5.5million small business owners creating (or trying to create) prosperity.
This government, and that budget, with all its combined measures, have delivered a massive punch in the face to the very people who create prosperity.
They are throttling the only sector from whom growth can appear.
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Leaving aside how much extra joblessness, poverty and homelessness these measures will create, imagine the effect on the economy. Labour, for whom I have voted in the past for other reasons, have never understood business.
They are comprised of people who have never created jobs or employment out of enterprise. They are naive enough to believe that 'investment' creates growth.
On it's own, it doesn't.
Investment is a crucial part of the equation, but what's needed is an environment that fosters innovation, risk taking, new businesses and wealth creation. Investment without that environment is money down the drain.
Ultimately, the consumer is the root source of funds for growth.
At least they are when they have money to spend. But when you relentlessly tax the consumer into the ground with stealth taxes, it's a mathematical certainty that you are also killing their disposable income, and with it, economic growth.
This Labour government, and the people supporting their policies, would appear to be incapable of comprehending this basic premise, and are apparently blindly, ignorantly cheering the demise of the employer, as well as the landlord.
Careful what you wish for, you just might get it.
It's going to be brutal.
Watch homelessness and joblessness rise sharply in 2025.
And when it does, if you supported these policies, have a word with yourself about your blind political dogma, ideology, and your lack of ability to objectively assess the obvious likely outcome of policies.
Or, change my mind, tell me exactly how financially choking employers can ever help growth.
Principle Surveyor at Survey My House Ltd
3wAs I feared, the 6th form debating society have taken control of the country with a landslide based on "non votes". It's now government vs country and at least one of the parties is going to get an absolute hiding at some stage. Not good!
Belong. A unique, eye catching contemporary brand of Estate Agency ❤️. Happy to tell it how it is in the world of Estate Agency.
3wBusinesses will increase prices and reduce hires - not a great recipe for many Inflation will return - not great for those with mortgages - savers will smile if interest rates remain higher than needed, but fail to realise that their homes are no longer rising in value - downsizers are very hard to please at the moment It's a muddle