Rewarding Failure - New Zealand's Dictator Honoured!

 

Labour's Third Way To Austerity

 

There are normally two ways to austerity:

1 Tax rises, or

2 Spending cuts.

Reeves has found a third way:

Spending cuts and tax rises.

Oh what a time to be alive!

Reeves' Multiple Holes

 

Reeves is having some problems with her maths, as her mysterious black hole of £22BN (which was initially shrunk by the Treasury to £16BN) grew to £40BN and is now standing at £100BN.

This all very surprising, one would have thought that being the tea lady at the Bank of England would have given her a better grasp of finance!

Reeves Explains Why an Increase in Employers' NI is a Tax Increase on Working People

 

Rachel Reeves in 2021 - rises to employers’ national insurance will “make each new recruit more expensive and increase the costs to business”.

“The decision to saddle employers and workers with the jobs tax takes money out of people’s pockets when our economic recovery is not… pic.twitter.com/Zdt2QapL9J

— Calgie (@christiancalgie) October 15, 2024

Rachel Reeves’ Lies - She Will Increases Taxes Working People

 

Rachel Reeves’ recent manoeuvres regarding National Insurance (NI) contributions have exposed a glaring dishonesty in the Labour manifesto. Despite promises not to raise taxes on working people, Reeves is now hinting at increasing NI contributions from employers, a move that is nothing short of a betrayal.

1. Manifesto Breach Labour’s manifesto clearly stated that there would be no increase in National Insurance, income tax, or VAT for working people

Yet, Reeves is now considering raising employer NI contributions, a move that directly contradicts this promise. This is a blatant breach of trust and a clear indication that Labour’s commitments are not worth the paper they’re written on.

2. The Hidden Tax on Workers Raising NI contributions from employers is not just a tax on businesses; it’s a tax on working people. Employers faced with higher NI costs will inevitably pass these costs onto their employees through lower wages, reduced benefits, or even job cuts

This indirect taxation hits workers just as hard, if not harder, than a direct tax increase.

3. Impact on Pension Contributions The proposal to levy NI on employer pension contributions is equally damaging

This move would discourage employers from contributing to their employees’ pensions, undermining the financial security of millions of workers. It’s a stealth tax that erodes the very foundation of retirement savings and places an additional burden on working people.

4. Economic Consequences The economic fallout from these proposed changes cannot be overstated. Higher NI contributions for employers will stifle job creation, reduce investment, and slow economic growth

At a time when the economy is already fragile, this is the last thing we need.

5. A Call for Accountability Rachel Reeves and the Labour government must be held accountable for their deceptive practices. The public deserves transparency and honesty, not broken promises and hidden taxes. It’s time for Labour to come clean and admit that their policies are a direct attack on the very people they claim to represent.

In conclusion, Rachel Reeves’ plans to raise NI contributions from employers and on employer pension contributions are a betrayal of Labour’s manifesto promises and a hidden tax on working people. It’s time for the government to rethink these damaging policies and prioritise the well-being of the nation’s workforce.

 

Starmer Throws My Little Pony Under The Bus

It all started last week when Haigh described P&O as a “rogue operator” in an ITV interview. A DfT press release gave P&O (and its unceremonious firing of nearly 800 workers in a fire and rehire scandal) as an example of how its new workers’ rights package will protect seafarers from dodgy employers. Haigh went further and said she was boycotting the company and encouraged customers to do the same. Cue the anger.

Starmer distanced himself from Haigh’s comments as the government sought to patch things up with owners DP World over the weekend. Now ministers expected the original announcement to be part of the up to £50 billion (h/t the FT) of investments unveiled today.

Elon Musk To Be Made Minister of Anti-Regulation

 

“Maybe you need a minister of anti-regulation,” says former Google CEO Eric Schmidt

— Katherine Griffiths (@GriffithsKath_) October 14, 2024