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Politics, politics, politics (so long and thanks for all the fish)

Those percentages don't look right to me. Certainly, the first one seems high. I'm off to Dunning-Kruger these numbers.

I might add that private jets should be banned instantly. The lowest-hanging fruit there was.
Less than 2% of aviation emissions are private aircraft. The percentage per passenger I'm sure is higher but tonnes of CO2 is the most important metric by far.
 
I think a mixed market economy is healthy. Public sector jobs tend to offer greater security and potentially anchor the economy. However, I think the current size of the British state is bloated following the pandemic and isn't currently offering value for money. Increases in investment are currently being eaten up in pay deals and not being spent on innovation, efficiency or improving services.
Some Public sector jobs are needed like teachers, police etc. But all of these jobs are funded by taxes off of private sector jobs.

Private sector needs more help to prosper by way of smaller taxes and less regulations.
 
The private sector is largely in rude health, look at the profits a lot of them are making.
People don't understand profit. If you're a huge company, you have a responsibility to make a healthy margin. And i mean a responsibility. You'll be a huge local employer with thousands of livelihoods depending on you. You'll likely be a huge local supplier or consumer of stuff. Other businesses need you. Profit margin is what protects the business from shocks. Like huge increases in energy costs caused by a war....or a global pandemic. Or random increases in your NI liability announced by the chancellor with no warning. For example. So a huge company makes a huge profit and people go.....oh oh oh sir, look at them over there, making all this profit, it's not fair sir. But a huge company's costs are also huge.

A 10% profit margin is generally considered "safe". 20% is very healthy. 5% would indicate the business may not be sustainable.

Let's take Astrazenica, one of the UK's largest companies. It's operating costs for 2023 were almost £29 billion. A 1% increase in operating costs for them would be £290 million. So you can see the level of profit they need to be making to be stable and sustainable for generations. A large profit is only "healthy" in the context of comparing it to the size of a company's costs.
 
People don't understand profit. If you're a huge company, you have a responsibility to make a healthy margin. And i mean a responsibility. You'll be a huge local employer with thousands of livelihoods depending on you. You'll likely be a huge local supplier or consumer of stuff. Other businesses need you. Profit margin is what protects the business from shocks. Like huge increases in energy costs caused by a war....or a global pandemic. Or random increases in your NI liability announced by the chancellor with no warning. For example. So a huge company makes a huge profit and people go.....oh oh oh sir, look at them over there, making all this profit, it's not fair sir. But a huge company's costs are also huge.

A 10% profit margin is generally considered "safe". 20% is very healthy. 5% would indicate the business may not be sustainable.

Let's take Astrazenica, one of the UK's largest companies. It's operating costs for 2023 were almost £29 billion. A 1% increase in operating costs for them would be £290 million. So you can see the level of profit they need to be making to be stable and sustainable for generations. A large profit is only "healthy" in the context of comparing it to the size of a company's costs.

Lots to discuss here, needless to say I think what some companys count as 'costs' is one of many potential stsrting points...
 
So 8 councils announce that council tax will rise by upto 25% this year
Kier promised before the election if Labour got in there would be no council tax rises

Another total lie from him, shock horror
 
Lots to discuss here, needless to say I think what some companys count as 'costs' is one of many potential stsrting points...
Large companies have to have their accounts independently audited. Sure, there is some gaming in there but my point is that you can't say the private sector is in "rude health" just because companies are reporting significant profits. I was worked for RBS from 2007 ro 2012. A very "interesting" time I'm sure you'll appreciate. Anyway we announced a huge profit the year before basically running out of cash reserves as our underlying numbers including operating costs, debt servicing costs and exposure to risky assets BUT particularly liquidity were not that great. Liquidity/cash flow is by far the best indicator of a healthy business. Just as you can game costs you can also game "profit" to make your business seem healthier to investors and customers than it actually is.

Ultimately, the number of job losses and cost cutting being announced is a sign of troubled waters in the private sector. That and many closures near me of small businesses including a card gaming shop my son loved and is gutted about (he's into pokemon TCG) and a local pizzeria that was a family favourite. Both businesses cited increased costs in both council rates and the government NI and wage increases as finishing them as businesses.
 
So 8 councils announce that council tax will rise by upto 25% this year
Kier promised before the election if Labour got in there would be no council tax rises

Another total lie from him, shock horror
Thats not actually true though. The committment was not to raise income tax, employee NI, VAT or corporation tax.
 
So 8 councils announce that council tax will rise by upto 25% this year
Kier promised before the election if Labour got in there would be no council tax rises

Another total lie from him, shock horror
Google Brighton council.

They just wrote off a 50 million loan to a company that built a tower on Brighton seafront (i360) the last green council built.

Whole thing was a rooster up and the were many of us that said it would not work when it was being developed. Now the council are making extra cuts to services because of it.

It would help I'd council's did not indulge in vanity projects.
 

Presumably you are talking about this?
Which if so, it's a speech from march 2023 talking about Tory choices Vs Labour choices from 2023 into 2024.
It also contains a quote from Reeves saying nothing will be promised that isn't fully coated in the run up to the election.

As you couldn't be bothered to cite your "25% rise" sources - I found them.
"A study" from the Daily Mail. Reported by the Mail, Star and Independent.
It's states 8 councils that are bankrupt could approach Rayner and ask for sign of above the statutory limit (are you smart enough to understand what a statutory limit is?) which she would "almost certainly approve".

So basically, it's a possibility but based on little more than conjecture and designed to appeal to tubthumping idiots like you as an extended mouthpiece for their falsehoods.
You are part of the problem
 
Large companies have to have their accounts independently audited. Sure, there is some gaming in there but my point is that you can't say the private sector is in "rude health" just because companies are reporting significant profits. I was worked for RBS from 2007 ro 2012. A very "interesting" time I'm sure you'll appreciate. Anyway we announced a huge profit the year before basically running out of cash reserves as our underlying numbers including operating costs, debt servicing costs and exposure to risky assets BUT particularly liquidity were not that great. Liquidity/cash flow is by far the best indicator of a healthy business. Just as you can game costs you can also game "profit" to make your business seem healthier to investors and customers than it actually is.

Ultimately, the number of job losses and cost cutting being announced is a sign of troubled waters in the private sector. That and many closures near me of small businesses including a card gaming shop my son loved and is gutted about (he's into pokemon TCG) and a local pizzeria that was a family favourite. Both businesses cited increased costs in both council rates and the government NI and wage increases as finishing them as businesses.
It's a double whammy for businesses, especially consumer facing, as the sharp inflationary times has eaten away at the middle classes...your main income goes to rising rent or rising mortgage payments and then the essentials come next food and energy..all massively increased in the last 5 years. Discretionary spending suffers.

Plenty of bigger corporates are zombie companies as well, needing to refinance, restructure etc but never shifting the needle.

And then multiple worldwide governments (inc ours)...all drowning in the national debt, a ball and chain to pushing things forward.

Gotta hunch a blowout might be on the way.
 

Presumably you are talking about this?
Which if so, it's a speech from march 2023 talking about Tory choices Vs Labour choices from 2023 into 2024.
It also contains a quote from Reeves saying nothing will be promised that isn't fully coated in the run up to the election.

As you couldn't be bothered to cite your "25% rise" sources - I found them.
"A study" from the Daily Mail. Reported by the Mail, Star and Independent.
It's states 8 councils that are bankrupt could approach Rayner and ask for sign of above the statutory limit (are you smart enough to understand what a statutory limit is?) which she would "almost certainly approve".

So basically, it's a possibility but based on little more than conjecture and designed to appeal to tubthumping idiots like you as an extended mouthpiece for their falsehoods.
You are part of the problem
 
It's a double whammy for businesses, especially consumer facing, as the sharp inflationary times has eaten away at the middle classes...your main income goes to rising rent or rising mortgage payments and then the essentials come next food and energy..all massively increased in the last 5 years. Discretionary spending suffers.

Plenty of bigger corporates are zombie companies as well, needing to refinance, restructure etc but never shifting the needle.

And then multiple worldwide governments (inc ours)...all drowning in the national debt, a ball and chain to pushing things forward.

Gotta hunch a blowout might be on the way.
Well its as you so not actually a UK specific problem albeit the problem here has IMO been made worse by the announcements in the budget. It particular, the NI liability for employers as this was not part of the manifesto and had not been impact assessed or ran by businesses in any form of consultation (I.e. it was "a surprise").

The first blow-out has already happened. It slipped a bit under the radar press-reporting wise but there has been a mini banking crisis over the last few years, which resulted in a raft of failures of small and medium sized banks, which started off in the US a few years ago. The biggest casualty in Europe was the essential failure of Credit Suisse in 2023, which had to be folded into its rival UBS in a similar manner to how HBOS was folded into Lloyds during the financial crisis here.

There have been murmurings about Deutschebank for a while, which would be a failure big enough to topple the whole system again should it actually occur. Although the German government would likely bail them out to avoid that outcome.

In the UK the major banks are relatively ok on paper but while they did not reach *failure* point, Virgin Money were struggling and purchased for a discounted price by Nationwide and Co-Op Bank similarly have been sold to Coventry Building Society.

The ECB have recently warned of the possibility of another euro zone crisis and that could be the next "blow out" to watch out for....
 
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