(18 Apr 2017, 8:11 pm)Adrian wrote Fit and proper taxation, that doesn't just penalise those that can't afford it. For example the free school meals money is coming from forcing private schools into VAT taxation, whilst they're currently exempt. The extra money for those caring will come from reversing the inheritance tax cut.
With policies such as stopping large enterprises from using small businesses for interest free loans? Massive concerns driving small businesses out of business, by deliberately withholding money from the small businesses that supply them.
Corporation tax is not the greatest tax in the world, but it should never have been cut in the first place. Labour's policy is to simply reverse that change. It can never be justified to have a tax giveaway, when you're funding it with further austerity to public services, cuts to disability benefits, and by creating a social care crisis.
£10 minimum wage will mean up to a £4,500 for some, and that kind of boost has been a long time coming. the IFS predict that households will be up to 20% worse off by 2021 at the rate we're going, so what is the alternative? Same old Government with their fingers in their ears?
I wouldn't call it funny - perhaps sad would be a better description? And I'll not even get on to homelessness.
The late payment story was created by Corbyn's team using reports from Experian, who have since responded saying Labour have interpreted the data incorrectly. There is an issue with late payments, but that particular story was all but made up.
http://www.bbc.co.uk/news/uk-politics-39564284
RE minimum wage - every business, including mine, has a labour budget. Ours is a fixed % of turnover, it can't just go up and down on a whim. If minimum wage goes up, there's still only the same amount of money to spend, so we can't afford to employ as many staff. There's not just entry level staff on minimum wage to consider, as skilled employees on higher wages will need to have an increase in line with the minimum increase to reflect their skill level. Suddenly I've got 60 staff that need paying 30% more? Simply not possible. Business closes, 60 people unemployed. I've got no issue with paying a higher wage (the minimum our staff get paid is 10p above living wage anyway), but the money has to come from somewhere. There's better ways to protect employees than upping minimum wage by a ridiculous amount. That will only lead to reductions in voluntary employee benefits and jobs being moved off shore.
There's no guarantee that employees will get to keep the extra they earn as many will be pushed past the tax threshold and be disqualified from working benefits.