The corporate tax roadmap will be one of the bright spots and has been well consulted. Aside from possible employer NI rises this one is looking pretty decent for companies, all things considered.
Is it ? Well over half the anticipated tax increases fall on employers - and the well above inflation minimum wage rise will also drive up employment costs. Businesses employing few people will do fairly well; the rest get something of a caning.
Whether that all works out depends a lot on what's done on the spending side.
Obviously teh workers will pay for it , private companies do not have a magic money treee like the public sector. Means either employing less people or no wage rises till they make up the losses. Economics for idiots.
Business employing fewer people and increasing efficiency is actually a good thing for our economy if you look at it from a macro perspective.
So long as:
1. Efficiency actually rises, rather than the company contracting or failing to expand overall. 2. The changes don’t lead to an increase in unemployment.
There is huge unfulfilled demand for staff in several sectors, including health care, care and construction. Now the reality is a lot of people don't want those jobs but I think we are a long way from significant unemployment regardless.
NHS employment is at an all time high (I believe) - 1.3M FTE and up 30% since 2009.
Have we all got that much sicker over time? What are all those people doing?
Dealing with us getting older. And older, and older.
It's a contributory factor, but a small one. This is one of the few things I know quite a bit about.
Most assessments of UK health spending find that increased chronic conditions and better technology (keeping people alive) are the reasons it's increasing so much. England's demographics are actually quite balanced due to immigration, yet their spending has increased just as much as ours has in Scotland.
Most demographic-linked spending in the UK is made in the last 12 months or so of life. You-only-die-once, so that doesn't matter too much except in the 2030s when we have lots of Boomers reaching their 80s. But a small blip, relatively.
That's disingenuous to suggest most are made in the last 12 months without accounting for when the remainder of the expenditure is made.
Exclude the last 12 months and the remaining roughly 50% is not spread evenly across the rest of your life. Apart from childbirth, which on average is now happening less than once per adult, it's vastly disproportionately in your later years.
That later years expenditure is happening in increasing amounts on top of, not instead of, last 12 month expenditure.
That's true. The point is that that relatively minor changes to the age profile of the population cannot explain the massive increase in health spending over the last few decades. It's increased from about 25% of all government spending in 2000 to about 45% now.
The UKs demographic changes are not relatively minor though. The amount of over 90s in the UK since 2000 has nearly trebled.
Similar changes have happened with other elderly profile groups.
We lost my grandfather earlier this year aged 94. Yes the final 12 months would have cost considerably more (he was in a hospital bed most of final few months) but that's not to say the prior years would have been cheap by any shot of the imagination.
Every assessment of health spending in the UK (OBR, OECD, European Commission) finds the same thing - demographic pressure has not been a big factor for spending growth. Sure, the number of 90 year olds has increased - but that is marginal compared with a total population of 67 million people and conditions and technologies that affect them.
It's not marginal when most of the 67 million don't cost anything significant at all.
Half a million extra over 90s costs more than many millions of working age adults.
You send them an email and tell them they are wrong
And the final step? Calling for true patriots to defend the vote. Why shouldn't we have men with AR15s outside polling places? Especially in Dem areas where the illegal non-Muricans are voting?
Are we still on this “Starmer is actually a North London luvvie” stuff? For goodness sake, no he isn’t.
Yes, he really is. And if the only place he goes for 'walking' holidays is the Lake District, then it'll just be North London on holiday: going to the same artisan shops and meeting the same sorts of people they know from home. And only, I'm guessing, in the season.
The sheer lack of imagination that causes people to go to the Lake District for walking holidays, when there's the rest of the brilliant UK to choose from, is staggering. Wainwright has a lot to answer for.
Reeves saying that people must have more pounds in their pocket.
Great is she going to cut taxes then? Or empty rhetoric?
She means for public sector workers and benefit claimants, you know real working people. Those of us in the private sector that can easily write cheques to pay unexpected bills don't know how good we have it.
Oh dear Rishi seems to not know that Coast to Coast also takes in the Lakes.
Yes, I did wonder about that. Starmer would have known but very graciously gave him a free pass.
Why would Starmer have known? He gets a nosebleed whenever he's outside North London.
Fake news. He spends many walking holidays in the Lakes and has done so for years.
He went as a child and once with his own family it appears. Not important, but you appear to be a stickler for fake news. Unless you have evidence of this yearly visit in recent decades.
Here we go. It will be like listening to my vacuum cleaner for an hour or so.
So that’s how those ‘accidents’ with vacuum cleaners happen.
That reminds me of a video that came up on my twitter feed, I don't know why as it is not an interest of mine, but a chap going to the bathroom accidentally fell onto the handle of the brush and had to go to hospital to get it extracted.
The Nurses were not professional, they were chuckling.
Oh dear Rishi seems to not know that Coast to Coast also takes in the Lakes.
Yes, I did wonder about that. Starmer would have known but very graciously gave him a free pass.
Why would Starmer have known? He gets a nosebleed whenever he's outside North London.
Fake news. He spends many walking holidays in the Lakes and has done so for years.
He went as a child and once with his own family it appears. Not important, but you appear to be a stickler for fake news. Unless you have evidence of this yearly visit in recent decades.
Or any day if I had my way. Sort of nonsense you hear. Grrrr.
Kamala's head in your picture occupies exactly the same amount of space as your morbidly overweight cat if you put them side by side (or one above the other as per your profile).
Make of that what you will.
Was wondering who this 'Forthe' person was in Kinabalu's profile pic. Does look a bit like Kamala, it's true. May the forthe be with her
Are we still on this “Starmer is actually a North London luvvie” stuff? For goodness sake, no he isn’t.
Yes, he really is. And if the only place he goes for 'walking' holidays is the Lake District, then it'll just be North London on holiday: going to the same artisan shops and meeting the same sorts of people they know from home. And only, I'm guessing, in the season.
The sheer lack of imagination that causes people to go to the Lake District for walking holidays, when there's the rest of the brilliant UK to choose from, is staggering. Wainwright has a lot to answer for.
No he really isn’t.
Provide some actual evidence he is.
Okay. Where has he lived outside London, aside from his time at uni in Leeds and Oxford? He's a Londoner / Home Counties bod, born and bred. He is a firm member of the establishment, and has been for decades.
It’s like Labour are trying really hard to follow a stereotype of the Coalition Government’s narrative, but with no understanding of how they actually sold their economic agenda.
Without the “mission” of “getting the deficit down”, some sort of success criteria, and a vision of sunlit uplands, it won’t work. Also, Labour’s natural voters may not respond as well to baby eating as the Tory voters did.
I think this is a very good point. The first bit at least.
She’s going to regret putting a specific number on compensation schemes. The victims can mostly count, and when they do the maths they are going to criticise the offer. That’s why you don’t do it publicly.
Here we go. It will be like listening to my vacuum cleaner for an hour or so.
So that’s how those ‘accidents’ with vacuum cleaners happen.
That reminds me of a video that came up on my twitter feed, I don't know why as it is not an interest of mine, but a chap going to the bathroom accidentally fell onto the handle of the brush and had to go to hospital to get it extracted.
The Nurses were not professional, they were chuckling.
Tangentially Neil Delamere tells a story of a man who dated a nurse and it ended badly, a year later the chap has a colonoscopy scheduled as he’s about to go under who does he see about to do the deed, his ex.
Joe Marler’s call for the haka to be “binned” has sparked a fierce backlash in New Zealand, with the country’s government questioning his intelligence and Maori groups accusing him of a lack of respect.
Marler posted on X and said the haka was ‘ridiculous’, advocating for it to be scrapped. He added: “It’s only any good when teams actually front it with some sort of reply. Like the [rugby] league boys did last week.” By Wednesday morning, he had deactivated his account.
While some backed Marler’s comments, the reaction in New Zealand was strong, with ACT leader David Seymour leading the charge.
“I love the haka. It wouldn’t be the All Blacks if they didn’t do the haka,” Seymour told reporters. “Who is this Joe Marler guy, I’ve never heard of him? Well, in my experience I have met a few props with very high IQ, but very few of them. So it could be something in that area.”
I have some sympathy with Marler. Why are certain sides allowed a pre-match dance when others aren't? More amusing is to go back and look at the evolution of the Haka as performed by the All Blacks. It used to be a bit of fun, now it has transitioned into something rather sinister (the whole throat slitting end etc).
How red tape holds back nuclear power in Britain And how to fix it
https://www.samdumitriu.com/p/how-red-tape-holds-back-nuclear-power ...Although Hinkley Point C uses the same EPR design as in Finland and France, the UK’s nuclear regulator insisted on 7,000 changes such as the requirement of having both an analog and digital control centre. France’s Flamanville only has the latter. Hinkley Point C will use 25% more concrete and 35% more steel than other EPRs as a result.
All of this makes the kind of fleet-based approach that works in South Korea (and worked in France and Britain historically) next-to-impossible. You do not get the benefits of learning-by-doing or supply chain investment, if there’s no certainty around what you are building and when you will be building it, if at all.
Beyond planning, there is the problem that our regulators treat nuclear differently to any other technology when it comes to safety.
The underlying principle governing the regulation of radiation in Britain is ‘As Low as Reasonably Practicable’ or ALARP. In effect, it means that whenever a productivity gain in nuclear construction is discovered, it is seen as an opportunity to make the safest way to produce electricity even safer. The Office for Nuclear Regulation’s starting point for whether or not nuclear safety measures are ‘grossly disproportionate’ is if costs outweigh benefits by a factor of ten.
Not only does this make nuclear uncompetitive, it also makes the public less safe because instead of using safe nuclear, we burn dirty gas (or until very recently, coal) where similarly costly regulations aren’t being imposed...
Much of this is not new to PBers, but very good article.
Are we still on this “Starmer is actually a North London luvvie” stuff? For goodness sake, no he isn’t.
Yes, he really is. And if the only place he goes for 'walking' holidays is the Lake District, then it'll just be North London on holiday: going to the same artisan shops and meeting the same sorts of people they know from home. And only, I'm guessing, in the season.
The sheer lack of imagination that causes people to go to the Lake District for walking holidays, when there's the rest of the brilliant UK to choose from, is staggering. Wainwright has a lot to answer for.
I'd argue the Lake District is superb for a walking holiday - huge range of terrain, some very remote spots that are not actually that remote but feel like they are, a region set up for tourism. Of course other parts are great too, but most people don't restrict themselves to just the Lakes.
Growth at the end of the forecast period only 1.6%.
So continuing to lose ground versus general inflating costs normally you say ~2%...and I am going to assume we still have fairly high immigration levels, so even worse GDP / PP.
Or any day if I had my way. Sort of nonsense you hear. Grrrr.
Kamala's head in your picture occupies exactly the same amount of space as your morbidly overweight cat if you put them side by side (or one above the other as per your profile).
Make of that what you will.
Was wondering who this 'Forthe' person was in Kinabalu's profile pic. Does look a bit like Kamala, it's true. May the forthe be with her
These growth figures imply a drop in GDP per capita so people will feel poorer and be paying more tax. Disposable incomes are going to fall quite substantially over the next 5 years I think.
And the final step? Calling for true patriots to defend the vote. Why shouldn't we have men with AR15s outside polling places? Especially in Dem areas where the illegal non-Muricans are voting?
He wanted more violence than he got last time. He's being a vote more obvious this time.
Growth at the end of the forecast period only 1.6%.
So continuing to lose ground versus general inflating costs normally you say ~2%...and I am going to assume we still have fairly high immigration levels, so even worse GDP / PP.
Oh dear Rishi seems to not know that Coast to Coast also takes in the Lakes.
Yes, I did wonder about that. Starmer would have known but very graciously gave him a free pass.
Why would Starmer have known? He gets a nosebleed whenever he's outside North London.
Fake news. He spends many walking holidays in the Lakes and has done so for years.
He went as a child and once with his own family it appears. Not important, but you appear to be a stickler for fake news. Unless you have evidence of this yearly visit in recent decades.
He went there this summer with Gary Neville.
Not on holiday, quick photo/video op. The thought of the two of them together on holiday.
These growth figures imply a drop in GDP per capita so people will feel poorer and be paying more tax. Disposable incomes are going to fall quite substantially over the next 5 years I think.
They're growth over and above inflation. They're still a bit meh though.
Fucks sake the "investment" is on carbon capture - why can't the state simply buy some turbines and get the return from the north sea ?!
So the government are actually going to put in money upfront, rather than this £22bn pay out if the private sector do it (which was the don't worry, they will never actually pay that out, because it won't happen).
How red tape holds back nuclear power in Britain And how to fix it
https://www.samdumitriu.com/p/how-red-tape-holds-back-nuclear-power ...Although Hinkley Point C uses the same EPR design as in Finland and France, the UK’s nuclear regulator insisted on 7,000 changes such as the requirement of having both an analog and digital control centre. France’s Flamanville only has the latter. Hinkley Point C will use 25% more concrete and 35% more steel than other EPRs as a result.
All of this makes the kind of fleet-based approach that works in South Korea (and worked in France and Britain historically) next-to-impossible. You do not get the benefits of learning-by-doing or supply chain investment, if there’s no certainty around what you are building and when you will be building it, if at all.
Beyond planning, there is the problem that our regulators treat nuclear differently to any other technology when it comes to safety.
The underlying principle governing the regulation of radiation in Britain is ‘As Low as Reasonably Practicable’ or ALARP. In effect, it means that whenever a productivity gain in nuclear construction is discovered, it is seen as an opportunity to make the safest way to produce electricity even safer. The Office for Nuclear Regulation’s starting point for whether or not nuclear safety measures are ‘grossly disproportionate’ is if costs outweigh benefits by a factor of ten.
Not only does this make nuclear uncompetitive, it also makes the public less safe because instead of using safe nuclear, we burn dirty gas (or until very recently, coal) where similarly costly regulations aren’t being imposed...
Much of this is not new to PBers, but very good article.
The requirement to have both analog and digital control reminds me of the Chinook comedy....
These growth figures imply a drop in GDP per capita so people will feel poorer and be paying more tax. Disposable incomes are going to fall quite substantially over the next 5 years I think.
They're growth over and above inflation. They're still a bit meh though.
Not inflation, per capita so per person because immigration isn't going to drop to zero overnight.
Comments
What a berk.
Plenty of reports are wrong.
Provide some actual evidence he is.
Well fucking done.
Woke woke shit
Great is she going to cut taxes then? Or empty rhetoric?
Very much doubt it will work.
(With the possible exception of Humberside.)
The Nurses were not professional, they were chuckling.
I recall the utter astonishment among my American relatives (New York Democrats) - why was this not An Issue? Where were the protests? etc etc.
Infected blood scandal and Post Office Horizon scandal.
No mention of WASPI women. They won't like that.
A billion pounds isn't what it used to be.
And how to fix it
https://www.samdumitriu.com/p/how-red-tape-holds-back-nuclear-power
...Although Hinkley Point C uses the same EPR design as in Finland and France, the UK’s nuclear regulator insisted on 7,000 changes such as the requirement of having both an analog and digital control centre. France’s Flamanville only has the latter. Hinkley Point C will use 25% more concrete and 35% more steel than other EPRs as a result.
All of this makes the kind of fleet-based approach that works in South Korea (and worked in France and Britain historically) next-to-impossible. You do not get the benefits of learning-by-doing or supply chain investment, if there’s no certainty around what you are building and when you will be building it, if at all.
Beyond planning, there is the problem that our regulators treat nuclear differently to any other technology when it comes to safety.
The underlying principle governing the regulation of radiation in Britain is ‘As Low as Reasonably Practicable’ or ALARP. In effect, it means that whenever a productivity gain in nuclear construction is discovered, it is seen as an opportunity to make the safest way to produce electricity even safer. The Office for Nuclear Regulation’s starting point for whether or not nuclear safety measures are ‘grossly disproportionate’ is if costs outweigh benefits by a factor of ten.
Not only does this make nuclear uncompetitive, it also makes the public less safe because instead of using safe nuclear, we burn dirty gas (or until very recently, coal) where similarly costly regulations aren’t being imposed...
Much of this is not new to PBers, but very good article.
End of discrimination and then only a slight change from there.
There is no excuse for discrimination. The WASPI moaners are upset inequality has been ended.
https://x.com/MarkHamill/status/1851161034473816368
She will hope that people's memories are short enough that they swallow her gaslighting lies.
Completely transparent.
Another Quango that will deliver little apart from nice salaries for those who are employed by it.
A balanced budget is like fusion. It's coming in the near future and always will be.
You might have thought an appointment would have been made already, and some news on corruption identified to announce.
I think she's positioning herself nicely if SKS falls.