Firms In Financial Distress.......

[ToraToraTora]

https://www.bbc.co.uk/news/articles/c9vmrpdrk4eo

You ain't seen nothing yet, wait till the ENI hike kicks in. Mass unemployment on the way, inflation rising, mortgage rate hike innevitable. Ladies and gentlemen I give you...Real Labour!

[youngmafbog]

What on earth are you thinking?

Do you ever read back to yourself the rubbish you write?

 

[Deskdiary]

Out of interest Nicebloke1, do you stand by your comment on the day of the budget that it was "the greatest budget ever"?

 

If you do, why?

 

I had lunch today in a professional capacity with somebody and they've said their ENI will add £1,500,000 to their tax bill come April. He was planning to refurbish one of his hotels, but the budget for the re-furb was such that the employers' NI hike means he can no longer do so. Instead he's decided to mothball it resulting in lost jobs. The re-furb would have employed many tradesmen and consultants none of whom will now benefit and all of whom will not be paying tax on their earnings from the job.

 

This is just one I know personally, but there will be many thousands of businesses up and down the land who are thinking what to do about the massive additional tax burden.

 

We had one member just after the budget (a member who seems to be 'right' on everything in his world) who said, paraphrasing, "I think perople are making a fuss about the ENI". I wonder if he's re-evaluated his stonkingly naive position.

[nicebloke1]

^^ Ask Michelle Mone to help him with his refurbishment she's got 60 million floating about. :0) 

[Canary42]

Oh dear, the torn-apart-Tory's bitterness at their record rejection by the People just won't go away.

Keep plugging away losers, you're giving us all a laugh.

[Deskdiary]

22.12 and 22.18 - that's the level of idiocy I expected from both.

 

No answer, just a slavish belief that all is OK with Labour.

[gulliver1]

NiceBloke 22.12.Maybe Handcock could chuck in a couple of million to help out.

[nicebloke1]

I think he's spent his by now around the red light area's. :0)

[Deskdiary]

Anyway, the question remains.

 

Nicebloke1, do you still feel it was "The greatest budget of all time"?

 

If you do, why?

[nicebloke1]

 Posters that call me an idiot just because my view is different to there's can't then expect any further response or debate from me. 

[Clone]

Theirs.

[nicebloke1]

Yes you are correct, and I did see it, but most folk on here know what was intended. Ok

[Deskdiary]

Gulliver - I don't mind being called a pillock when I'm being a pillock, but can you explain please why in this instance I'm a pillock please?

[Deskdiary]

The mod who removed Gulliver's post calling me a pillock - I'd rather you hadn't removed it. I was really enjoying the irony. 

[ToraToraTora]

I appreciate the mod assist!

[ToraToraTora]

22:18 canary, instead of spouting your usual BS, why not have a go at justifying what the government are doing. You claim not have voted for them yet, like untitled, you don't half go into bat. So what are we missing? Is this some sort of genius plan that will work in the end? I'm all ears.

[Khandro]

Rachel Reeves owes Brompton bikes an apology

Martin Vander Weyer (The Spectator 18th Jan.)

'I long to write less about Rachel Reeves and more about world-beating British businesses – such as Brompton, the folding bicycle maker whose fortunes I have followed since I bought the product and interviewed the founder-designer, Andrew Ritchie, 20 years ago.

The latest Brompton news was that profits collapsed from £11 million in 2023 to breakeven for the year to March 2024 in the teeth of a post-pandemic demand slump; and that additional hiring has been put on hold after Labour’s NI increase added ‘hundreds of thousands of pounds’ of extra costs. A move from cramped west London premises to a new base at Ashford in Kent, with room for big increases in output and skilled jobs, had already been deferred to 2029.

Meanwhile, the chief executive Will Butler-Adams warned that a proposed axing of tariffs on imports of Chinese bikes – as a quid pro quo for more UK access to China, which happens to be Brompton’s biggest export market – would do deep damage to his already beleaguered operation. ‘I don’t need the government to back me,’ he told the Financial Times. ‘I just don’t need them to kill me.’ 

Let’s hope he made that plain to Chancellor Reeves during her recent trip to Beijing, when she had the temerity – despite everything her government has done to hobble entrepreneurial businesses like Brompton – to commandeer its shop for a shameless photo-opportunity.'