2024 Budget Results For Businesses

[Paul Kelly ICHYB]

Cheshire is a Conservative-leaning region....

Tony Blair had issues when he came to power, not quite like the current ones!

 

[Duke Fame]

Cheshire is a Conservative-leaning region....

Tony Blair had issues when he came to power, not quite like the current ones!

It's a mix, we're close to Manchester so you get a lot of people from the left. We have a lot of BBC employees near us and they live in a left-wing echo-chamber and not of this world.

I'm consider myself as what was once called a classical liberal, The Overton window seems to have moved so much in the last few years, what was a classical liberal has been redefined to the point that whenever I go into Manchester I'm considered a far right baby murdering Zionist!!

 

[Duke Fame]

Tony Blair had issues when he came to power, not quite like the current ones!

Blair was handed a perfect economy and the infancy of the Chinese boom so prices would not rise as China could manufacture for peanuts.

Brown did OK until about 2004 when he seemed to believe he'd actually beaten the cycle of boom & bust, put down his Keynesian Economics text book having only read a 1/3 of it and forgot the bit about turning off the economic taps when the economy is up to temperature. The criminal thing Brown did (apart from LIBOR meddling) was he actively de-industrialised - If Thatcher cut out all the fat (and too much inbetween) Brown just had the whole thing put down.

 

[Duke Fame]

uhh? Please explain further.

The Ulez zone keeps all the poor people who can't afford an expensive compliant car out of London or at elast off the streets. The one part of London that has the worst air quality is the Tube, so he gets all the poor people out of site on the Tube trains in the hope they will die off quickly.

 

[Chris Ashdown]

No doubt that the accountants will find some clever ways for farmers to avoid inheritance tax, maybe break the fields up into separate investment companies or trusts and pay peppercorn leases, who knows

 

[Duke Fame]

No doubt that the accountants will find some clever ways for farmers to avoid inheritance tax, maybe break the fields up into separate investment companies or trusts and pay peppercorn leases, who knows

Maybe they can but the point is they shouldn't have to. As a country and economy, we want a competitive and varied farming industry, we literally cannot survive without food and therefore, need someone to make it.

Ukraine has been a reminder that we can't always import food, we are susceptible to other governments doing something mad. Cooking oils are 4 x the price they were in 2021 because of Russia so protecting UK farming is necessary.

What Reeves has done is create an environment where farms will be in the hands of a few within a generation.

It was a clueless move for mainly ideological reasons.

 

[Chris Ashdown]

Whatever way it ends up, no doubt the financial investors will end up owning more and more land forcing the actual workers to be Tennant farmers or company employees

 

[MikeJ]

Somebody has to grow those Scottish actors.

 

[peterrepair]

It's going to take many months if not at least a year to see the knock on effects of this. Not sure how increasing cost of labour and other costs will generate growth, but okay.
I guess the assumption is that big corporations will be able to absorb these and small businesses going under will bring a fresh injection of cheap workforce (as former business owners will be desperate for work to pay off debts).

 

[norwichlad]

Acording to a interview Nigel Farage stated that none repeat none of the front benches of eith side had anyone who had run a business or been in business as we know it. not sure if true or false about tham but guess its true

Are you not embarrassed to use your real name on a public forum to regurgitate utter tripe like this? You wilfully share a claim that you then admitted you haven't been bothered to fact check. At least none of us have to wonder why populist charlatans are getting so many votes.

It takes about 10 minutes of cursory research to find out that the Tory's, despite their much depleted numbers, have the following on their front bench:

• The founder of Hunters, one of the largest Estate Agents in the North of England.
• The former CFO of Sky TV
• Former Strategy Director of ITV who led the merger between Granada and Carlton TV, later CFO of Laura Ashley
• Former Chief Executive of Paperchase
• Founder of a hedge fund which was later sold to Schroders
• The founder of Share To Buy Ltd
• Former Deloitte and Google senior executive
• Former Head of Banking at Credit Suisse
• The founder of a plastic recycling business
• A former hedge fund manager

And don't say that I can't have hedge fund manager, unless you can tell me what business Nigel Farage has started or managed because he just pushed numbers around on a screen as a city trader as well.

 

[Chris Ashdown]

Are you not embarrassed to use your real name on a public forum to regurgitate utter tripe like this? You wilfully share a claim that you then admitted you haven't been bothered to fact check. At least none of us have to wonder why populist charlatans are getting so many votes.

It takes about 10 minutes of cursory research to find out that the Tory's, despite their much depleted numbers, have the following on their front bench:

• The founder of Hunters, one of the largest Estate Agents in the North of England.
• The former CFO of Sky TV
• Former Strategy Director of ITV who led the merger between Granada and Carlton TV, later CFO of Laura Ashley
• Former Chief Executive of Paperchase
• Founder of a hedge fund which was later sold to Schroders
• The founder of Share To Buy Ltd
• Former Deloitte and Google senior executive
• Former Head of Banking at Credit Suisse
• The founder of a plastic recycling business
• A former hedge fund manager

And don't say that I can't have hedge fund manager, unless you can tell me what business Nigel Farage has started or managed because he just pushed numbers around on a screen as a city trader as well.

I have admitted I have not checked, but did see a video of his speech and nobody on either front bench answered. I am not a nigel supporter myself or come to that any political party

 

[peterrepair]

To be fair, whether someone ran a business or not is irrelevant. There is too many variables to gain meaningful generalised insight that would apply across the spectrum of enterprises. Anything would be driven by wider political agenda anyway.
Let's say some politician had a small clothing brand and they faced issues finding premises, expensive rent, business rates, suppliers being late, employees not showing up, customers not paying, customers returning damaged product and demanding refunds, threats, burglary and police doing nothing, mounting debt, competition and whatever else. Such experience is not going to help in any way in shaping policy. Every issue is a can of worms and that they understand.
You can clearly see Labour's budget is just tinkering with the parameters of the machine and is quite simplistic. "We have a black hole, what can we do? Let's increase tax! Ok but who pays more?" probably they ran some focus groups, interviews who will be moaning least, obviously the rich were a non starter. They - in theory - got their hole plugged and it is probably going to stay that way whilst they'll do some more window dressing. People will adapt, businesses that can't grow within these parameters will close down and others will open up.
Even in the most draconian communist regimes people were managing.

 

[gabrielakurtz]

It’s true, experience in business doesn’t always translate to effective policy. Every industry has its own unique challenges, and politicians can only do so much with the resources they have. The current budget seems like it’s just patching up holes, but businesses will find ways to adapt, even if some don’t survive.