News1 min ago
Labour Says They Will Make An End To Austerity
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Emmie, it will. However those who survive and paying the tenner will bump prices up to cover it. Their customers who think they are better off for getting a tenner an hour will find more of that going to buy the item which has gone up in price due to the increase of the nmw.
A vicious circle and it's effects have been ongoing for a while now. not much, just a drip,drip effect.
A vicious circle and it's effects have been ongoing for a while now. not much, just a drip,drip effect.
"...However those who survive and paying the tenner will bump prices up to cover it.".
Plus let's not forget that Labour are going to bring in a 4 day week but without a 20% reduction in wages - in fact, no reduction in wages.
So, your widget manufacturer who employs a lot of minimum wage staff will have the double-whammy of increasing the pay for all the minimum wage earners AND will need to increase his workforce by 20% to cover the new 4 day working week.
Worst case scenario this could make a profit making company into an unprofitable company (let's not forget company tax will also be increasing) forcing them out of business with the loss of jobs, best case scenario is that the 'only' thing that will happen is the cost of the widgets will increase to cover the increased costs.
Labour's plan on the economy doesn't bear-up to even the merest of scrutiny.
Plus let's not forget that Labour are going to bring in a 4 day week but without a 20% reduction in wages - in fact, no reduction in wages.
So, your widget manufacturer who employs a lot of minimum wage staff will have the double-whammy of increasing the pay for all the minimum wage earners AND will need to increase his workforce by 20% to cover the new 4 day working week.
Worst case scenario this could make a profit making company into an unprofitable company (let's not forget company tax will also be increasing) forcing them out of business with the loss of jobs, best case scenario is that the 'only' thing that will happen is the cost of the widgets will increase to cover the increased costs.
Labour's plan on the economy doesn't bear-up to even the merest of scrutiny.
This, courtesy of Gromit, from Labour's manifesto
// The next Labour government will create a Just Transition Fund, paid for by a new windfall tax on these corporations. The Fund will, in particular, provide an expected £11 billion support package for nearly 37,000 oil and gas workers, the 126,000 people in jobs dependent on the sector and their communities to make the transition to a clean economy. //
Quite what this enormous workforce that is about to be thrown out of work is going to transition into hasn't been explained.
// The next Labour government will create a Just Transition Fund, paid for by a new windfall tax on these corporations. The Fund will, in particular, provide an expected £11 billion support package for nearly 37,000 oil and gas workers, the 126,000 people in jobs dependent on the sector and their communities to make the transition to a clean economy. //
Quite what this enormous workforce that is about to be thrown out of work is going to transition into hasn't been explained.
"so they all want to end austerity, there the similarities end"
You're right, one party started austerity and it has been detrimental to crime and lifestyle in our country an one party wants to end it. Only issue is you're saying the one who wants to end it will ruin our country. It seems you're head over heels finding any quick statement to throw about to tarnish the political party you wish wouldn't get in power. It's tacky.
You're right, one party started austerity and it has been detrimental to crime and lifestyle in our country an one party wants to end it. Only issue is you're saying the one who wants to end it will ruin our country. It seems you're head over heels finding any quick statement to throw about to tarnish the political party you wish wouldn't get in power. It's tacky.
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