More than 600,OOO UK companies in financial distress. Labour's answer? More financial burden.

 

In recent years, the level of taxation imposed by Labour authorities increased exponentially. 

Congestion charge? ULEZ? Parking permits? Announced increased of capital gains and national insurance payments? 

Not enough with having to contend with rising costs of utilities - to name one range of expenses for any business to deal with - more regulation on the horizon.

After COVID,  the energy crisis, and after the energy crisis a Labour government that is bent on creating new obstacles along the way.

When we talk about more than 600,000 businesses in trouble, we are surely talking not mainly about big operators, but about medium size and small businesses, many of which might certainly be family businesses.

The amount of money people spend shopping has dropped and this means less revenues for companies, whatever their size. If you add regulation and taxation, there is going to be less monies to invest in the normal economic cycle. If by cutting down the flow of money in the normal economic cycle, unemployment and subemployment rise then the Welfare State will be affected. The annnounced intention to cut down welfare payments by 3 billion Pound is pie in the sky. It is for the birds. Lack of economic activity due to people having less money in their pockets will lead to unemployment. The natural consequence is that several things will grow: domestic violence, street crime, deprivation, and illness.

Taxing people and companies to the hilt will not produce economic growth. 

HMRC: Employment Figures are Fake

HMRC: Employment Figures are Fake

Statistics about employment figures are the biggest con in history:

• People who are in temporary employment and often earning amounts that are below legal standards are considered employed. 
• People who are on temporary and often unstable and predictable employment are classified as employed.
• People who are on Zero Hour Contracts who never know how much they are going to earn and/or how long or how often they will be able to work are classified as employed.

The records of those seen as employed are fake and have nothing to do with reality. HM Revenue & Customs HMRC are fake and have nothing to do with reality. HMRC doesn't have a clue about how many people are truly employed. By the time employment figures are released such employment figures do not reflect what is really happening. 

Her Majesty's Government couldn't care less as long as the ruling party can boast about positive figures and pretend that everything is fine and that we are moving forward.

The Welfare State is a mess but it is mess that was created on the basis of value for money. Different services were amalgamated as a way to reduce the number of public jobs. Taxation is a mess and the Welfare State is a mess. 

One of the direct consequences of such a mess is that more and more people are now in what is called the Black Economy. They are not registered anywhere, they are not paying taxes and many are paid a lot less than they should be paid because not been registered and working cash in hand they are not protected by existing legislation.

As always, VALUE FOR MONEY has turned into VALUE FOR RUBBISH.

Zero Hour Contract companies paying employees with two months delay

We keep getting reports of companies employing staff on Zero Hour Contracts paying their employees with a two-month delay. In a country in which Members of Parliament employ staff on Zero Hour Contracts you have to the conclusion that exploitation has been legalised.

Some people are not even paid the minimum wage and they are forced to work on commission. I wonder what the Inland Revenue has to say about it or is has the Inland Revenue become a criminal organisation that works against the United Kingdom?

It is a disgraceful situation in a country in which the pensions deficit keeps growing and legislation has being going through Parliament to delay and delay the age of retirement. When are successive governments in the United Kingdom going to put a halt to exploitation?

Who are the ones bound to suffer most? Those who are facing desperate financial situations. If there ever was an example of a political system that isn't working, this is it. This is the clearest example of Slavery when people are under paid, paid late or made to work without pay.