Official Summer 2015 Budget Thread

[AtW]

The reduction in the CT is only a fraction of the increased outlays. It may soften the blow a little but costs will still increase.

Reduction to 18% in 2020 - just in time for newly elected Liebor Govt to return it back to 28%

It's only fair.

[SpontaneousOrder]

The reduction in the CT is only a fraction of the increased outlays. It may soften the blow a little but costs will still increase.

More likely prices go up. And what keeps this inflation powered? More debt & peoples acceptance of the fact that their savings are being watered down while they sleep. And funnily enough, the ery people who just save and don't 'make their money work for them' to at least protect from this (although their money *should* be growing in real terms), are the same people that this living wage is supposed to help.

[AtW]

the same people that this living wage is supposed to help.

This living wage is supposed to help Osborne become next PM.

[Zero Liability]

This living wage is supposed to help Osborne become next PM.

[MicrosoftBob]

Set minimum wage to £30 an hour. Solves both problems, right? If higher wages = good, then why stop at £9? And why £9 specifically?

That would be the perfect trap if you knew you were going to lose the next election

[SimonMac]

I wonder if the minimum wage thing was done to bring more people into the 20% bracket, and thereby increasing tax receipts back into the govts. coffers?

[MarillionFan]

I wonder if the minimum wage thing was done to bring more people into the 20% bracket, and thereby increasing tax receipts back into the govts. coffers?

Very astute reasoning. It does appear that all is not as it seems. I did see something on employers NI, is that still paid.

See this move screws my other tax mitigation which is having a retail business which makes a loss. When you add a plan B which makes a loss by paying your spouse against your personal income especially when you pay permit tax, the losses are offset against your income to reduce, so you can claim tax you paid as a permit back.

Now because of the living wage I would have to pay all of my wobbly wobbly old ladies more, which means that the business probably would make a proper loss, not an engineered one. Fookers.

[SimonMac]

Very astute reasoning. It does appear that all is not as it seems. I did see something on employers NI, is that still paid.

See this move screws my other tax mitigation which is having a retail business which makes a loss. When you add a plan B which makes a loss by paying your spouse against your personal income especially when you pay permit tax, the losses are offset against your income to reduce, so you can claim tax you paid as a permit back.

Now because of the living wage I would have to pay all of my wobbly wobbly old ladies more, which means that the business probably would make a proper loss, not an engineered one. Fookers.

Pay kids which has a lower minimum wage, call them apprentices

[MarillionFan]

Pay kids which has a lower minimum wage, call them apprentices

This is what I said in the pub last night. All you're going to do is push jobs down to the under 25s. But with the education change where kids have to stay in education until they're 18 and have some basic qualifications, it means you'll have more younger highly educated shop workers and road sweepers who won't be able to get a job after 25 as they've been replaced. Meanwhile pensioners or those coming up for retirement who need to top up their income won't be hired and will be fooked because they couldn't build a decent pension.

Its going to solve youth unemployment though.

[BrilloPad]

it means you'll have more younger highly educated shop workers and road sweepers who won't be able to get a job after 25 as they've been replaced.

Who cares what happens in 7 years time? Just worry about getting elected in 2020.