Originally posted by Smartie
View Post
- Visitors can check out the Forum FAQ by clicking this link. You have to register before you can post: click the REGISTER link above to proceed. To start viewing messages, select the forum that you want to visit from the selection below. View our Forum Privacy Policy.
- Want to receive the latest contracting news and advice straight to your inbox? Sign up to the ContractorUK newsletter here. Every sign up will also be entered into a draw to WIN £100 Amazon vouchers!
State of the Market
Collapse
X
Collapse
-
-
Originally posted by dsc View Post
Nothing is set in stone though, all they need to say is that after coming into power and reviewing the state of the budget, they have to increase corp taxes for example to pay for all sorts of public services and everyone will applaud them. Businesses will reduce spending again, cut costs wherever and we'll be way deeper in this tulip than we currently are.Comment
-
Originally posted by Peoplesoft bloke View PostIt would be nice to have a separate thread for the wannabe Warren Buffets and save this one for tales of the state of the market in contracts.
Most of the posts on here are fairly narrow in scope and the individual's particular history and circumstances.Comment
-
Originally posted by Smartie View PostThe certainty is that whoever is going to be in power, taxes ARE going up.
Unless and until the general voting population makes grown-up choices, the overall tax burden and size of the state is only going one way, the same direction they’ve been moving in under the “low tax” and “small state” Tories over the past 14 years - UP!Last edited by sreed; 4 July 2024, 13:31.Comment
-
There's more than enough money, the problem is with spend efficiency, significant chunk of it is absorbed by corruption or wasted, highly exploiting long-term or perpetual contracts inherited from political lobbying with unbearable exit fees, etc. More money you throw into furnace only makes those shadow beneficiaries richer, it's rather hostage situation. Productivity in public sector is laughable despite many naive maximalists putting all their best effort to provide service to society. There's hardly any tangible punishment for corruption (or often labeled as negligence) apart of declarative slapping on the wrists if caught, lack of real accountability and competence in populist-driven politics is the source of all the issues.
Moreover in general those who directly earned money by adding actual value know how to spend money best (private sector), not those who received it through redistribution (taxation), spending someone' else money have always been an easy job, often leading to malinvestment, inefficiencies and waste.Last edited by Yuri F; 4 July 2024, 14:47.Comment
-
Originally posted by sreed View Post
Exactly. The population is getting older, an increasing % of govt expenditure is going towards taking care of them through the decrepit NHS, ramshackle eldercare system and unsustainable triple/quadruple locked state pensions. At the same time the working population (especially middle and higher income earners) are being subjected to unprecedented levels of taxation to square this circle.
Unless and until the general voting population makes grown-up choices, the overall tax burden and size of the state is only going one way, the same direction they’ve been moving in under the “low tax” and “small state” Tories over the past 14 years - UP!
They (whoever) will not remove or abandon IR35 and definitely will not reverse the Off Payroll Worker rules.
Welcome to Drudge Britain, no longer Great, and turning into a sad fortress.
Sigh.
Hey ho. In Germany, they have a worse national train service than our Uk national ones: Die Deutsche Bahn.Comment
-
I agree with the sentiment that the UK election will make no real difference.
When the economy does well, politicians take the credit. When it does badly, we blame them. In reality they just fiddle around the edges and rarely do anything that has much effect on it. So much is decided by external factors, how the US is doing, how China is doing, what is the price of Oil and so on.
Interest rates and taxes need to go up to prevent our currency from turning into a complete basket case. At the same time those rises will crush the economy. The simple truth is that we are starting to find ourselves between a rock and a hard place.
Careful long term planning and investment might turn things around. Can you see that happening amongst our political classes, amongst all the shouting about small boats and trans rights, Putin and Israel etc?Comment
-
Originally posted by oliverson View Post
Exactly. Inevitable we'll have a "oh tulip, look what we've inherited" from Labour followed by "our pledge not to increase taxes was made without knowing the dire state of the finances", etc. Emergency budget, etc. Every tax in the book goes up, every allowance goes down or remains frozen. People's finances stretched even more, business confidence plummets lower. Hate to be the doom monger here, and thank god I just signed a 12 month extension with my US client, but I can't see a positive outcome to this until maybe 5 years down the line when Labour have ****ed up and hopefully Reform UK take over.Last edited by ensignia; 5 July 2024, 09:50.Comment
-
Originally posted by ensignia View Post
I can't tell who's joking and who's being serious any more. Hopefully this is the former.'CUK forum personality of 2011 - Winner - Yes really!!!!Comment
-
Originally posted by northernladuk View Post
Not sure why you've included my statement there. I'm more or less agreeing with what you said from the outset. Why would that be a joke or am I missing something?
EDIT: It keeps including your post, but not showing it until after I post. Removed again!Comment
Partners
- Home
- News & Features
- First Timers
- IR35 / S660 / BN66
- Employee Benefit Trusts
- Agency Workers Regulations
- MSC Legislation
- Limited Companies
- Dividends
- Umbrella Company
- VAT / Flat Rate VAT
- Job News & Guides
- Money News & Guides
- Guide to Contracts
- Successful Contracting
- Contracting Overseas
- Contractor Calculators
- MVL
- Contractor Expenses
Advertisers
Contractor Services
CUK News
- Streamline Your Retirement with iSIPP: A Solution for Contractor Pensions Sep 1 09:13
- Making the most of pension lump sums: overview for contractors Sep 1 08:36
- Umbrella company tribunal cases are opening up; are your wages subject to unlawful deductions, too? Aug 31 08:38
- Contractors, relabelling 'labour' as 'services' to appear 'fully contracted out' won't dupe IR35 inspectors Aug 31 08:30
- How often does HMRC check tax returns? Aug 30 08:27
- Work-life balance as an IT contractor: 5 top tips from a tech recruiter Aug 30 08:20
- Autumn Statement 2023 tipped to prioritise mental health, in a boost for UK workplaces Aug 29 08:33
- Final reminder for contractors to respond to the umbrella consultation (closing today) Aug 29 08:09
- Top 5 most in demand cyber security contract roles Aug 25 08:38
- Changes to the right to request flexible working are incoming, but how will contractors be affected? Aug 24 08:25
Comment