Labours NI rise for employers is a terrible idea

Labours NI rise for employers is a terrible idea

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Discussion

Racehorse

Original Poster:

217 posts

17 months

Saturday 26th October
quotequote all
By increasing Employers NI, this will mean lower wage rises for employees. Secondly, small businesses will surely struggle to create more jobs. This is the opposite of what labour promised when they claimed there will be more opportunities etc. Imagine how bad it is for graduates now and adding this on makes it worse.

Also the extra NI collected being used for NHS is a pointless exercise. The fact is no matter how much more you give to NHS, it will not improve considering the poor management that already exists.

TownIdiot

1,599 posts

6 months

Saturday 26th October
quotequote all
If an employee was on, say, £100k how much extra will it cost?

Dingu

4,346 posts

37 months

Saturday 26th October
quotequote all
How is it bad for graduates now?

This has all the hallmarks of another Racehorse classic thread.

Where would you raise the additional tax then OP? Let’s have some alternatives. We have to pay for the aging population who as a whole have paid in less than has been spent for decades somehow, and that generation hate immigration so that’s not a solution.

Edited by Dingu on Saturday 26th October 22:44

Dingu

4,346 posts

37 months

Saturday 26th October
quotequote all
TownIdiot said:
If an employee was on, say, £100k how much extra will it cost?
rofl

Tim330

1,175 posts

219 months

Saturday 26th October
quotequote all
Dingu said:
TownIdiot said:
If an employee was on, say, £100k how much extra will it cost?
rofl
What is so amsuing about the PH minimum wage value?

Dingu

4,346 posts

37 months

Saturday 26th October
quotequote all
Tim330 said:
Dingu said:
TownIdiot said:
If an employee was on, say, £100k how much extra will it cost?
rofl
What is so amsuing about the PH minimum wage value?
Previous threads from this OP.

Edit: as if on command https://www.pistonheads.com/gassing/topic.asp?h=0&...

Edited by Dingu on Saturday 26th October 22:53

Racehorse

Original Poster:

217 posts

17 months

Saturday 26th October
quotequote all
Dingu said:
How is it bad for graduates now?

This has all the hallmarks of another Racehorse classic thread.

Where would you raise the additional tax then OP? Let’s have some alternatives. We have to pay for the aging population who as a whole have paid in less than has been spent for decades somehow, and that generation hate immigration so that’s not a solution.

Edited by Dingu on Saturday 26th October 22:44
As I say why will additional tax fix the NHS?

Secondly labour have done not reduced illegal migration which is another burden.

So much for a change govt.

bearman68

4,794 posts

139 months

Saturday 26th October
quotequote all
TownIdiot said:
If an employee was on, say, £100k how much extra will it cost?
About £2200 a year

TownIdiot

1,599 posts

6 months

Saturday 26th October
quotequote all
Racehorse said:
As I say why will additional tax fix the NHS?

Secondly labour have done not reduced illegal migration which is another burden.

So much for a change govt.
How much extra will it cost the employer?


kiethton

14,068 posts

187 months

Saturday 26th October
quotequote all
bearman68 said:
TownIdiot said:
If an employee was on, say, £100k how much extra will it cost?
About £2200 a year
This, it just means a smaller pay rise for employees over the next few years - it's what we'll be doing - the staff costs are the same, no matter how the cookie is cut

Dingu

4,346 posts

37 months

Saturday 26th October
quotequote all
Racehorse said:
Dingu said:
How is it bad for graduates now?

This has all the hallmarks of another Racehorse classic thread.

Where would you raise the additional tax then OP? Let’s have some alternatives. We have to pay for the aging population who as a whole have paid in less than has been spent for decades somehow, and that generation hate immigration so that’s not a solution.

Edited by Dingu on Saturday 26th October 22:44
As I say why will additional tax fix the NHS?

Secondly labour have done not reduced illegal migration which is another burden.

So much for a change govt.
It’s been about 100 days. I know you aren’t the sharpest tool in the box but really.

As for the NHS maybe we should set a rule where any newly discovered medicine isn’t available on the NHS. That would help. As it is we keep finding new expensive ways to cure people and keep them alive. Add an aging population and it is simply going to need more cash. That’s simple arithmetic. That’s not improving it, just keeping pace with demand and available medicine.

TownIdiot

1,599 posts

6 months

Saturday 26th October
quotequote all
bearman68 said:
TownIdiot said:
If an employee was on, say, £100k how much extra will it cost?
About £2200 a year
Thanks


ClaphamGT3

11,527 posts

250 months

Saturday 26th October
quotequote all
The idea of 'no taxes for working people' shows (a) just how much contempt Labour have for the electorate' intelligence and (b) how few people really understand how tax works.

Only individuals pay tax. They either pay it directly or indirectly through lower wages and/or higher prices.

This country has to have a serious conversation about how Government spends less and enables business to grow the economy; taxing more is like trying to lift yourself up by standing in a bucket and yanking on the handle

TownIdiot

1,599 posts

6 months

Saturday 26th October
quotequote all
kiethton said:
bearman68 said:
TownIdiot said:
If an employee was on, say, £100k how much extra will it cost?
About £2200 a year
This, it just means a smaller pay rise for employees over the next few years - it's what we'll be doing - the staff costs are the same, no matter how the cookie is cut
Yes I'd have thought it will be seen in the round, I doubt it will stop companies employing people they need


philv

4,227 posts

221 months

Saturday 26th October
quotequote all
TownIdiot said:
bearman68 said:
TownIdiot said:
If an employee was on, say, £100k how much extra will it cost?
About £2200 a year
Thanks
100 days of uncertainty and f All.

The economy just loves uncertainty from a ideological half wit labour party.

Dingu

4,346 posts

37 months

Saturday 26th October
quotequote all
ClaphamGT3 said:
The idea of 'no taxes for working people' shows (a) just how much contempt Labour have for the electorate' intelligence and (b) how few people really understand how tax works.

Only individuals pay tax. They either pay it directly or indirectly through lower wages and/or higher prices.

This country has to have a serious conversation about how Government spends less and enables business to grow the economy; taxing more is like trying to lift yourself up by standing in a bucket and yanking on the handle
First, a lot of the electorate aren’t that bright. They think we can lower tax and have very little immigration and pay for an increasingly old population. The maths doesn’t add up.

We also don’t have the political environment for a grown up conversation, driven by the electorate who will believe anything their side says and stick to it.

Countdown

42,012 posts

203 months

Saturday 26th October
quotequote all
ClaphamGT3 said:
The idea of 'no taxes for working people' shows (a) just how much contempt Labour have for the electorate' intelligence and (b) how few people really understand how tax works.

Only individuals pay tax. They either pay it directly or indirectly through lower wages and/or higher prices.

This country has to have a serious conversation about how Government spends less and enables business to grow the economy; taxing more is like trying to lift yourself up by standing in a bucket and yanking on the handle
Don’t many of our Western European neighbours have higher tax rates and better economies?

Terminator X

16,307 posts

211 months

Saturday 26th October
quotequote all
Dingu said:
How is it bad for graduates now?

This has all the hallmarks of another Racehorse classic thread.

Where would you raise the additional tax then OP? Let’s have some alternatives. We have to pay for the aging population who as a whole have paid in less than has been spent for decades somehow, and that generation hate immigration so that’s not a solution.

Edited by Dingu on Saturday 26th October 22:44
Highest taxed already since WW2 but yes let's have some more!

TX.

StevieBee

13,565 posts

262 months

Sunday 27th October
quotequote all
bearman68 said:
TownIdiot said:
If an employee was on, say, £100k how much extra will it cost?
About £2200 a year
Firstly, we don't yet know what the rise will be so this is only a guess.

Secondly, any company that has the financial capacity to pay an employee a salary of £100k will have the capacity to pay an extra £2k or so on additional Ni without there being any consequence on wage rises. People on £100k will probably be claiming more than that on expenses. Some companies will use it as an excuse not give pay rises or limit what they do, but this is all it is, an excuse.



The Leaper

5,164 posts

213 months

Sunday 27th October
quotequote all
TownIdiot said:
Racehorse said:
As I say why will additional tax fix the NHS?

Secondly labour have done not reduced illegal migration which is another burden.

So much for a change govt.
How much extra will it cost the employer?
The NHS already costs over £180b pa. Chucking money at it will not make any difference. A fundamental review of the NHS is needed, starting with funding and culture.

R.