Sainsbury's Faces £140 Million Hit from National Insurance Hike, Warns of Rising Inflation

[Chomper Higgot]

10 hours ago, youreavinalaff said:

No. Not really.

 

A 21 hour week puts you on the threshold. If done one can't eat on that amount of work they can work more. The norm being 35 hours a week.

 

Those "working people" that can and want to work only part time may well be pushed over the threshold.

 

I suppose from a Labour point of view, those that can afford to only work part time are not classed as "working people".

 

 

Oh hell.

 

People earning money over the tax threshold pay taxes in their incomes over the tax threshold.

 

These people’s taxes haven’t increased, their incomes have increased to the point where they get to pay a little bit of tax but are overall better off.

 

Much better to keep them poor for their own good eh?!

[Chomper Higgot]

Perhaps Labour should reduce the minimum wage and slash the wages of people working in the public sector to below the tax threshold.

 

They could then claim to have reduced taxes on working people.

 

[James105]

14 hours ago, Negita43 said:

• n the past 28 weeks up to 14 September, Sainsbury’s recorded a 3.7% increase in underlying retail profits, totalling £503 million.
• The supermarket has achieved significant market share gains, with grocery sales rising by 5% and a notable increase in their “Taste the Difference” range, up by 18%.
• Investment in perceived value, amounting to £1 billion, has been a crucial factor in attracting consumers to Sainsbury’s for larger shopping excursions.
• Sainsbury’s plans to expand further by opening up to 45 new stores, including recent acquisitions, to enhance their market presence.

 

You'll notice that these figures were prior to the tax raid.   The profits they make allow them to re-invest into the business and grow, creating more jobs and therefore more tax receipts for the country.    When businesses are prevented from growing with excessive taxes (so the Labour government can take the fruits of their labour to give to Lammy to spaff away in African climate aid projects) then they do not create new jobs and the economy doesn't grow, which means less tax receipts.   To counter the tax raid all they can do is reduce growth plans or raise prices.  

 

If Labour had reduced the tax burden on businesses and found ways to reduce the highest energy bills in the world then this would allow companies to invest more in the UK and the tax receipts would be higher but as mentioned earlier they are economically illiterate clowns.   

[James105]

29 minutes ago, Chomper Higgot said:

Perhaps Labour should reduce the minimum wage and slash the wages of people working in the public sector to below the tax threshold.

 

They could then claim to have reduced taxes on working people.

 

 

There will be less working people (in the UK at least) following this budget.

 

https://www.gbnews.com/politics/rachel-reeves-national-insurance-tax-raid-business-closing-labour

 

So 4 factories will close in the UK and they will move production to India or China.  

[Chomper Higgot]

1 minute ago, James105 said:

 

You'll notice that these figures were prior to the tax raid.   The profits they make allow them to re-invest into the business and grow, creating more jobs and therefore more tax receipts for the country.    When businesses are prevented from growing with excessive taxes (so the Labour government can take the fruits of their labour to give to Lammy to spaff away in African climate aid projects) then they do not create new jobs and the economy doesn't grow, which means less tax receipts.   To counter the tax raid all they can do is reduce growth plans or raise prices.  

 

If Labour had reduced the tax burden on businesses and found ways to reduce the highest energy bills in the world then this would allow companies to invest more in the UK and the tax receipts would be higher but as mentioned earlier they are economically illiterate clowns.   

Your outrage over taxes you aren’t paying is an odd thing.

You also seem to have missed the fact ‘trickle down’ economics doesn’t ‘trickle down’.

Increasing the incomes of people on low  incomes does grow the economy, they spend their money and do not stuff it off shore.

 

 

 

[Chomper Higgot]

2 minutes ago, James105 said:

 

There will be less working people (in the UK at least) following this budget.

 

https://www.gbnews.com/politics/rachel-reeves-national-insurance-tax-raid-business-closing-labour

 

So 4 factories will close in the UK and they will move production to India or China.  

Let’s make a distinction. 
 

Predictions of outcomes from a rightwing mouthpiece are not actual outcomes. 
 

We know the budget increased taxes on the very rich, the news papers and media they own hasn’t stopped bleating about it.

 

Why those who are themselves not subject to these taxes are bleating about it is a mystery, well apart from they are parroting what those same newspapers and media are telling the to parrot.

 

 

 

 

 

[James105]

5 minutes ago, Chomper Higgot said:

Let’s make a distinction. 
 

Predictions of outcomes from a rightwing mouthpiece are not actual outcomes. 
 

We know the budget increased taxes on the very rich, the news papers and media they own hasn’t stopped bleating about it.

 

Why those who are themselves not subject to these taxes are bleating about it is a mystery, well apart from they are parroting what those same newspapers and media are telling the to parrot.

 

 

As you have never run a business (just like Reeves and the Labour cabinet) you will never understand.   The end result will be the same as always, less growth, less tax receipts, more borrowing and the people on the lowest incomes will suffer the most.    

[Chomper Higgot]

24 minutes ago, James105 said:

 

As you have never run a business (just like Reeves and the Labour cabinet) you will never understand.   The end result will be the same as always, less growth, less tax receipts, more borrowing and the people on the lowest incomes will suffer the most.    

You’ve claimed an outcome, that hasn’t happened.

As you’ve run a business, but never tell us what business, you might not know, more money in the pockets of your customers means more business for business owners.

 

[James105]

5 minutes ago, Chomper Higgot said:

You’ve claimed an outcome, that hasn’t happened.

As you’ve run a business, but never tell us what business, you might not know, more money in the pockets of your customers means more business for business owners.

 

 

I've claimed an inevitability that hasn't happened yet.   Other than the minimum wage workers companies will not be giving pay rises to employees already earning more than minimum wage to offset the employer NIC increase.   So the majority of customers will have less money to spend, not more as prices go up.   

[stevenl]

1 hour ago, James105 said:

 

You'll notice that these figures were prior to the tax raid.   The profits they make allow them to re-invest into the business and grow, creating more jobs and therefore more tax receipts for the country.    When businesses are prevented from growing with excessive taxes (so the Labour government can take the fruits of their labour to give to Lammy to spaff away in African climate aid projects) then they do not create new jobs and the economy doesn't grow, which means less tax receipts.   To counter the tax raid all they can do is reduce growth plans or raise prices.  

 

If Labour had reduced the tax burden on businesses and found ways to reduce the highest energy bills in the world then this would allow companies to invest more in the UK and the tax receipts would be higher but as mentioned earlier they are economically illiterate clowns.   

"The profits they make allow them to re-invest into the business".

Sure, by buying their own shares. 

[Chomper Higgot]

3 minutes ago, stevenl said:

"The profits they make allow them to re-invest into the business".

Sure, by buying their own shares. 

And in doing so jacking up director renumeration.

 

 

Edited November 10 by Chomper Higgot

[youreavinalaff]

5 hours ago, Chomper Higgot said:

Oh hell.

 

People earning money over the tax threshold pay taxes in their incomes over the tax threshold.

 

These people’s taxes haven’t increased, their incomes have increased to the point where they get to pay a little bit of tax but are overall better off.

 

Much better to keep them poor for their own good eh?!

Hook, line and sinker. Thanks very much. It was so much fun.

 

Edited November 10 by youreavinalaff

[Nick Carter icp]

Its NOT just Sainsburys and other big companies that will be affected , smaller companies will be affected as well .

   Small companies with small profit margins will be affected more .

Some small companies will have to cut their staff down to be able to afford the tax increase

[Chomper Higgot]

27 minutes ago, youreavinalaff said:

Hook, line and sinker. Thanks very much. It was so much fun.

 

I understand the industry you work in is on the receiving end of the increase in the minimum wage. 
 

I hope it provides you that little extra that makes all the difference.

[Nick Carter icp]

5 minutes ago, Chomper Higgot said:

I understand the industry you work in is on the receiving end of the increase in the minimum wage. 
 

I hope it provides you that little extra that makes all the difference.

 

   Every little helps 

[youreavinalaff]

14 minutes ago, Chomper Higgot said:

I understand the industry you work in is on the receiving end of the increase in the minimum wage. 
 

I hope it provides you that little extra that makes all the difference.

I'm not in an industry. Sorry to disappoint. I certainly don't need any pay rises to "make a difference".

 

If you paid more attention to your historical posts than assuming what others are up to, you'd then have half a chance of not tripping yourself up and looking foolish.

[josephbloggs]

18 hours ago, Negita43 said:

Nothing to do with Sainsbury but whatever happend to listening to arguements and then making up your own mind about something - rather than having made up your mind (usually based on a political belief) and looking for arguements to support them.

Polarisation of opinion does not bode well for a constructive and peaceful society (or forum)

Yes we have different opinions and yes politicians are econimical with the truth but it is what it is so lets work to put it right instead of the same old "blame game". I hear a lot if complaints not many alternative solutions.

This is by far the best post in this entire thread. Too many people stroking their imagined grievances to support their already made up mind. Labour could cancel all personal income tax and give everyone free cars and you would still have Jonny and James and the others saying Labour hate Britain etc etc.

No acknowledgement that the Tories stuffed up the economy and decimated public services, no suggestions of how they would fix the £40b hole in the country's finances, just parroting what they already believe, and if Sainsbury's are unhappy it must mean the world is coming to an end.

All we need now is for the gammon faced Weatherspoons hypocrite to pipe up and James and co can get in to another tizz.

Personally I think Labour are trying to do their best to fix what they inherited and they should be judged on the results, not on imagined scenarios. They are making tough and unpopular decisions that the Tories shied away from and it's not because they hate Britain.

Their second budget will be most telling for me.

Edited November 10 by josephbloggs

[Nick Carter icp]

2 minutes ago, josephbloggs said:

no suggestions of how they would fix the £40b hole in the country's finances,

 

   Wasn't it 20 Billion and even that was shown to be false .

There was no hole on the Countries finances .

That was a fake Labour claim so they could blame the Tories for their tax rises 

[James105]

10 minutes ago, josephbloggs said:

would fix the £40b hole in the country's finances, just parroting what they already believe, and if Sainsbury's are unhappy it must mean the world is coming to an end.

 

Lies upon lies.   Labour claimed there was a £22bn black hole, the OBR could only find £9.5bn for inflation busting pay rises that Labour dished out without asking for any productivity improvements in return, and Labour increased taxes by £40bn.  There are definitely some black holes around, but entirely of the economically illiterate morons in the governments making.  

 

12 minutes ago, josephbloggs said:

Labour could cancel all personal income tax and give everyone free cars and you would still have Jonny and James and the others saying Labour hate Britain etc etc.

 

Well yes, I probably would because that would mean borrowing an insane amount of money that would bankrupt the UK and put a massive burden on the next generation.   So that would be the sort of thing a moron would do if they hated Britain.  

 

17 minutes ago, josephbloggs said:

Their second budget will be most telling for me.

 

Since the last one will reduce growth they are stupid enough to raise taxes even more to make up for it so yes, it will be quite telling. 

[youreavinalaff]

20 minutes ago, josephbloggs said:

This is by far the best post in this entire thread. Too many people stroking their imagined grievances to support their already made up mind. Labour could cancel all personal income tax and give everyone free cars and you would still have Jonny and James and the others saying Labour hate Britain etc etc.

No acknowledgement that the Tories stuffed up the economy and decimated public services, no suggestions of how they would fix the £40b hole in the country's finances, just parroting what they already believe, and if Sainsbury's are unhappy it must mean the world is coming to an end.

All we need now is for the gammon faced Weatherspoons hypocrite to pipe up and James and co can get in to another tizz.

Personally I think Labour are trying to do their best to fix what they inherited and they should be judged on the results, not on imagined scenarios. They are making tough and unpopular decisions that the Tories shied away from and it's not because they hate Britain.

Their second budget will be most telling for me.

If they are trying to do their best, they wouldn't have lied about taxes. They wouldn't have promised their manifesto was fully costed.

 

The electorate basically don't understand economics. In the run up to the election all parties should have laid out their tax policies.

 

They didn't, couldn't, as that is not the sort of thing that gets parties elected.

 

 

Edited November 10 by youreavinalaff

[Chomper Higgot]

1 hour ago, youreavinalaff said:

I'm not in an industry. Sorry to disappoint. I certainly don't need any pay rises to "make a difference".

 

If you paid more attention to your historical posts than assuming what others are up to, you'd then have half a chance of not tripping yourself up and looking foolish.

You don’t need to apologize for disappointing, I’m sure you do your best, that’s all anyone can ask.

 

[Chomper Higgot]

58 minutes ago, youreavinalaff said:

If they are trying to do their best, they wouldn't have lied about taxes. They wouldn't have promised their manifesto was fully costed.

 

The electorate basically don't understand economics. In the run up to the election all parties should have laid out their tax policies.

 

They didn't, couldn't, as that is not the sort of thing that gets parties elected.

 

 

Labour promised not to raise taxes for working people.

 

Taxes have not been raised for working people.

[scottiejohn]

1 hour ago, Chomper Higgot said:

Labour promised not to raise taxes for working people.

 

Taxes have not been raised for working people.

Utter BS!

[Chomper Higgot]

8 minutes ago, scottiejohn said:

Utter BS!

You obviously missed the budget.

 

 

[scottiejohn]

1 minute ago, Chomper Higgot said:

You obviously missed the budget.

 

 

You obviously didn't understand it!

[Chomper Higgot]

2 minutes ago, scottiejohn said:

You obviously didn't understand it!

Enough to not fall for claims of tax increases that don’t exist on working people.
 

 

 

[scottiejohn]

Just now, Chomper Higgot said:

Enough to not fall for claims of tax increases that don’t exist on working people.
 

 

 

Chancellor Rachel Reeves tells the BBC it's likely her tax-raising Budget may affect wage growth for workers, as businesses will have to absorb the costs of paying more National Insurance or give out smaller pay rises

Reeves accepts tax-raising Budget likely to hit wage growth for workers - BBC News

[Chomper Higgot]

1 minute ago, scottiejohn said:

Chancellor Rachel Reeves tells the BBC it's likely her tax-raising Budget may affect wage growth for workers, as businesses will have to absorb the costs of paying more National Insurance or give out smaller pay rises

Reeves accepts tax-raising Budget likely to hit wage growth for workers - BBC News

Can you point out which part is an increase in tax on working people? 

[The Cyclist]

21 hours ago, john donson said:

I was once shocked to see a docu, that put illegal in hotels costing over 100 pounds a day, plus 3 meals and snacks and pocket money... council going bankrupt you say?

 

Was that docu from the 70's ?
 

Todays estimates are anywhere between £5 million  to £30 milion a day.

 

The true figure will never be revealed, as it is apparently not in the public interest.

 

Give it 6 months for things to work through the system and

 

* Unemployment starts rising

 

* Inflation starts rising

 

* Over 1000 new arrivals continue to arrive on a weekly basis

 

* Power Companies are already sending out ' What to do in a blackout ' leaflets

 

* The Chancellors tax raising measures do not came anywhere near raising the tax she expects

 

You can probably guess the rest.

[scottiejohn]

12 minutes ago, Chomper Higgot said:

Can you point out which part is an increase in tax on working people? 

You need to ask the Chancellor, not me, as she is the one who said it!

 

PS; The clue is in her phrase "her tax-raising Budget"!

 

PPS;  Please do not respond for my benefit as I will just ignore it!

Edited November 10 by scottiejohn