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Greg Greg
Sky News
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Comments by "Greg Greg" (@SlowhandGreg) on "How will the budget affect businesses? | Budget 2024" video.
My mate is an IT engineer and he's on 65k I'd suggest getting another job I'm a retired IT data analyst and left on 55k
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@WouldbeRenaissanceLady6926 the price increases are down to the pandemic and Ukraine war everywhere has had inflation
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Buying more equipment to speed throughput
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@telenNG last time Labour did this type of thing businesses used the corporate tax credit to invest in the businesses, improve efficiency and also increased pay by replacing low wage staff with more skilled jobs
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She's upped the the NI taper any small business employing 4 people on minimum wage no longer pays employer NI
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@nunyabuziness9622 Ahh Trussanomics how did that go last time?
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@laurencesmith1435 borrowing in 2010 was 800 billion with the banking crash sorted by 2024 debt was 2.4 trillion and Truss had wiped out 425 billion from the value of pension funds 24%
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There's a worker shortage dream on
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That's because the Tories invest in it for the median throughput not the peaks and troughs, We had the same problem when Major left office just not as severe and the economy wasn't falling apart
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The last time labour did this pay rose and businesses became more efficient and less reliant on cheap labour
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They got a tax cut the NI taper increased taking many out of paying NI altogether
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No it won't theNI taper has increased small businesses don't pay ni at all with 4 or less employees on minimum wage
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NI taper went up most small businesses don't now pay employers ni at all
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Last time labour did this pay went up and businesses became more efficient not as reliant on cheap labour but invested in capital investment which is tax deductable
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Small business is now NI exempt they increased the thresholds Reason this raises so much money is the City and its impact on higher salaries
1