Originally posted by eek
View Post
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Ipse Welcomes - government “historic lifeline to contractors”
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Originally posted by BrilloPad View PostIt is far better for society as a whole - especially young. Oldies have had their own way for too long.
And what would have been your answer 10 years ago?
I find the answer typically changes but can follow a formula of the form "{my} age + 20 years"Leave a comment:
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Originally posted by BackupBoy View PostPetition . Limited companies to receive the same as self employed and employees during coronavirus. . Change.org
Doesn’t look very encouraging.
The phrase be careful what you wish for as it may come true has rarely been so apt.Leave a comment:
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Petition . Limited companies to receive the same as self employed and employees during coronavirus. . Change.org
Doesn’t look very encouraging.Leave a comment:
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Originally posted by Andy Hallett View PostWhat you are describing is a business that is no longer viable. You still have choices, I suspect you are more able to attain employment than others if your business prospects don't improve in 1-2 years.
FWIW this will pass quicker than the financial crash (IMHO) as it's been caused my non-monetary reasons, once they disappear we'll start to return to normal more quickly. There will be cheap money, lots to do and nobody will learn a thing from it....Leave a comment:
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Originally posted by CheeseSlice View PostMe too, and being highly risk averse I made the choice to build a large enough warchest to survive this, but not forever. I've had years to prepare, and not everyone is in the same boat and will be hard hit by this.
Its interesting when you think about what has just happened. I don't see our situation as normal 'risks of running a business'.
The government has effectively halted the normal functioning of our economy in response to the crisis. This has never happened before in living memory.
They are very afraid of this creating a deep recession, a liquidity trap and deflation which will be disastrous and difficult to get out of. They have decided to mitigate from the damage the intervention is already creating by creating liquidity, protecting jobs, protecting businesses. They've effectively bailed out or nationalised large portions of the economy and are putting the income tax system into reverse to stave off mass unemployment, loan defaults, etc.
This is an intervention that nobody has seen before, and nobody outside of government and BoE has any control over. Normal market forces certainly didn't bring this on, and they wont bring us out of it without first switching off the restrictions (shutting down shops, limiting movement, etc) that have halted the normal economy.
Much larger businesses than ours are not having to accept the full risk of this intervention. Instead of laying off employees, they're able to retain some of them through the governments coronavirus mitigation package. Thinking longer term, if these restrictions carry on (e.g. 1-2 years), then many of us, no matter how large a warchest you have will ultimately be wiped out. So why shouldn't PSC contractors be eligible for protection also?
FWIW this will pass quicker than the financial crash (IMHO) as it's been caused my non-monetary reasons, once they disappear we'll start to return to normal more quickly. There will be cheap money, lots to do and nobody will learn a thing from it....Leave a comment:
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Originally posted by pvfcpug View Post
As an side, I've always really liked and respected Martin Lewis. There's a reason he's one of the most trusted people in the UK.Leave a comment:
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Originally posted by CheeseSlice View PostMe too, and being highly risk averse I made the choice to build a large enough warchest to survive this, but not forever. I've had years to prepare, and not everyone is in the same boat and will be hard hit by this.
Its interesting when you think about what has just happened. I don't see our situation as normal 'risks of running a business'.
The government has effectively halted the normal functioning of our economy in response to the crisis. This has never happened before in living memory.
They are very afraid of this creating a deep recession, a liquidity trap and deflation which will be disastrous and difficult to get out of. They have decided to mitigate from the damage the intervention is already creating by creating liquidity, protecting jobs, protecting businesses. They've effectively bailed out or nationalised large portions of the economy and are putting the income tax system into reverse to stave off mass unemployment, loan defaults, etc.
This is an intervention that nobody has seen before, and nobody outside of government and BoE has any control over. Normal market forces certainly didn't bring this on, and they wont bring us out of it without first switching off the restrictions (shutting down shops, limiting movement, etc) that have halted the normal economy.
Much larger businesses than ours are not having to accept the full risk of this intervention. Instead of laying off employees, they're able to retain some of them through the governments coronavirus mitigation package. Thinking longer term, if these restrictions carry on (e.g. 1-2 years), then many of us, no matter how large a warchest you have will ultimately be wiped out. So why shouldn't PSC contractors be eligible for protection also?
But again, as I've said previously - I still know I'm lucky compared to most.Leave a comment:
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Leave a comment:
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Originally posted by Andy Hallett View PostAnd here is the truth:
3. This is the big one. If Ltd Co contractors had been included in the package we would have lost the IR35 argument FOREVER. If you don't believe me look at what the Chancellor said about sole trader national insurance rates the announcement
You are either running a business or you are not.
And before anyone gets on their high horse, I started my Consultancy as a Limited Company on 3rd March. I understand and accept the risks and rewards of running a business.
Its interesting when you think about what has just happened. I don't see our situation as normal 'risks of running a business'.
The government has effectively halted the normal functioning of our economy in response to the crisis. This has never happened before in living memory.
They are very afraid of this creating a deep recession, a liquidity trap and deflation which will be disastrous and difficult to get out of. They have decided to mitigate from the damage the intervention is already creating by creating liquidity, protecting jobs, protecting businesses. They've effectively bailed out or nationalised large portions of the economy and are putting the income tax system into reverse to stave off mass unemployment, loan defaults, etc.
This is an intervention that nobody has seen before, and nobody outside of government and BoE has any control over. Normal market forces certainly didn't bring this on, and they wont bring us out of it without first switching off the restrictions (shutting down shops, limiting movement, etc) that have halted the normal economy.
Much larger businesses than ours are not having to accept the full risk of this intervention. Instead of laying off employees, they're able to retain some of them through the governments coronavirus mitigation package. Thinking longer term, if these restrictions carry on (e.g. 1-2 years), then many of us, no matter how large a warchest you have will ultimately be wiped out. So why shouldn't PSC contractors be eligible for protection also?Leave a comment:
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