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"So we’ve just been told that we’re not getting a payrise this year because of Labours taxes that have been introduced, management are blaming labours new NI tax on employers but the workforce are seeing is a piss poor management and should have already prepared themselves for it, specially as the company is spending money in all the wrong places. Thoughts?" Don't you remember what Reeves said, when she acknowledged that the NI tax increases would likely impact wage growth. We all knew this was going to happen and it is going to get worse. Out of interest how do businesses prepare for costs they hadn't factored in less than 6 months ago? | |||
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"There’s more businesses closing than opening Economic growth outlook halved Housing starts and completions down Car sales down Tourism down Online and retail down Unemployment up Business rates and employer NI up Significant turn in economy since Labour took office. " Still it's all the Tories fault, or the war in Ukraine or Israel or Trump. Take your pick as long as not looking at the architect | |||
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"So we’ve just been told that we’re not getting a payrise this year because of Labours taxes that have been introduced, management are blaming labours new NI tax on employers but the workforce are seeing is a piss poor management and should have already prepared themselves for it, specially as the company is spending money in all the wrong places. Thoughts?" By my calculation for a worker earning £35k the increase in NI is costing their employer about 4.5%. More for lower paid, less for higher paid. So that is money for a reasonable pay rise going straight to the government. At least Public Sector workers got a rise. | |||
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"So we’ve just been told that we’re not getting a payrise this year because of Labours taxes that have been introduced, management are blaming labours new NI tax on employers but the workforce are seeing is a piss poor management and should have already prepared themselves for it, specially as the company is spending money in all the wrong places. Thoughts? By my calculation for a worker earning £35k the increase in NI is costing their employer about 4.5%. More for lower paid, less for higher paid. So that is money for a reasonable pay rise going straight to the government. At least Public Sector workers got a rise." The technical term is Austerity. Enjoy.. | |||
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" The economy was growing till Reeves etc took over. " Can you provide any truth or context to that statement? | |||
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" The economy was growing till Reeves etc took over. Can you provide any truth or context to that statement?" UK GDP increased by 0.1% in 2023, following growth of 4.3% in 2022. (ONS) In 2024 economic growth was 0.8, following the GE the OBR has growth stated at 2% in October 2024, now halved to 1% at March 2025. (ONS and OBR) In 2023 the unemployment rate was 4%, rising to 4.3% in 2024, and currently 4.5% (ONS) Britain has recorded its highest number of company closures for two decades, with the final quarter of 2024 seeing 198,046 businesses struck off the official register. The figure, revealed by research firm Beauhurst, surpasses levels last reached in 2021 and in the aftermath of the 2008 financial crisis. (17 Jan 2025) | |||
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"So we’ve just been told that we’re not getting a payrise this year because of Labours taxes that have been introduced, management are blaming labours new NI tax on employers but the workforce are seeing is a piss poor management and should have already prepared themselves for it, specially as the company is spending money in all the wrong places. Thoughts?" its a bit of both, management are always looking for an excuse not to increase wages & the government has given them one | |||
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"So we’ve just been told that we’re not getting a payrise this year because of Labours taxes that have been introduced, management are blaming labours new NI tax on employers but the workforce are seeing is a piss poor management and should have already prepared themselves for it, specially as the company is spending money in all the wrong places. Thoughts?" To be honest if you don't like it leave and get a job somewhere else. Or suck it up work as hard as you can and hope. | |||
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"Let's face it despite the what the Tories say now their the opposition they only ever looked after the rich! They shat on the worst off. At the moment labour are just following the same trend they are no longer the party for the people. We need to hit the reset button and look for a new way forward." How about just for once, we stop that bloke knocking in the back door with his big black rod.  | |||
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" To be honest if you don't like it leave and get a job somewhere else. " Unless you're enjoying the decline in UK society the issue is that many people are doing just what you say, taking that advice and making like trees right now... They have been for at least ten years in large numbers, I bet I would struggle to speak to anyone these days who doesn’t know someone personally who has done just that. Many of the would-be tax paying, but more importantly productivity generating professionals who don't find the UK an attractive proposition anymore, because it simply isn't for the majority. Work don't pay. | |||
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"Some thoughtful comments there, i don’t have the option to just leave though cause I don’t like it, i won’t bore you with the details why, but today was quite laughable, the director was being overly nice to everyone and has just quietly left to go to Aintree Racecourse for the rest of the day, looking after number one 🙄" that's the perks of running a company,why anyone thinks management would share the wealth is beyond me,the reason they are in those positions is because of there attitudes | |||
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"So we’ve just been told that we’re not getting a payrise this year because of Labours taxes that have been introduced, management are blaming labours new NI tax on employers but the workforce are seeing is a piss poor management and should have already prepared themselves for it, specially as the company is spending money in all the wrong places. Thoughts?" Your business is hiding behind it. My firm 3%, the cost will cost roughly 180k, yet we are still targeted with just over 2 million profit, up in last year. Sainsbury's made 1 billion profit, yet tried to blame the NI increase for 20k job losses. The firms and the shareholders will just have to get used to being part of society that feeds. | |||
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"Sainsbury's made 1 billion profit, yet tried to blame the NI increase for 20k job losses." Sainsbury's made £242m profit in the last year, and they are looking at an increase in costs of about £220m due to the income tax and minimum wage increases. I can see why they are cutting jobs. | |||
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"The conservatives timed their election perfectly as usual. I wonder, how much of the growth they oversaw was created by unsustainable share buy-back schemes?" They are old news now Labour had fourteen years to prepare for taking over from the ‘years of failure’. No more blaming the tories, Brexit, Russia, the weather etc. Vote for us on Thursday, we will hit the ground running on Friday | |||
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"The conservatives timed their election perfectly as usual. I wonder, how much of the growth they oversaw was created by unsustainable share buy-back schemes? They are old news now Labour had fourteen years to prepare for taking over from the ‘years of failure’. No more blaming the tories, Brexit, Russia, the weather etc. Vote for us on Thursday, we will hit the ground running on Friday " Using the same logic, the tories had 14 years to prepare the ground for the next labour government. It’s the “success is not enough, others must fail” attitude to planning. | |||
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"The conservatives timed their election perfectly as usual. I wonder, how much of the growth they oversaw was created by unsustainable share buy-back schemes? They are old news now Labour had fourteen years to prepare for taking over from the ‘years of failure’. No more blaming the tories, Brexit, Russia, the weather etc. Vote for us on Thursday, we will hit the ground running on Friday Using the same logic, the tories had 14 years to prepare the ground for the next labour government. It’s the “success is not enough, others must fail” attitude to planning." Agreed. Cuts, austerity, disinvestment And for all this red and blue have increased the national debt seven fold since 1997, add PFI and would be higher still. The current interest payments £313M a day. | |||
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"I closed two companies last year. They had been dormant for years but last year the cost of filing the annual confirmation statement increased by nearly three times. Many of the closures may just be tidying up loose ends as I did." Filling cost changed from £10 to £35 not expensive | |||
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"Sainsbury's made 1 billion profit, yet tried to blame the NI increase for 20k job losses. Sainsbury's made £242m profit in the last year, and they are looking at an increase in costs of about £220m due to the income tax and minimum wage increases. I can see why they are cutting jobs." Preliminary Results for the 52 weeks ended 1 March 2025 Financial Summary 2024/25 YoY Retail sales (inc. VAT, excl. fuel) £31,555m 3.1% Retail underlying operating profit £1,036m 7.2% Total Financial Services underlying operating profit* £30m 3.4% Underlying profit before tax* £761m 8.6% Retail underlying profit - 1036 million Are you happy they are cutting jobs? | |||
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"Sainsbury's made 1 billion profit, yet tried to blame the NI increase for 20k job losses. Sainsbury's made £242m profit in the last year, and they are looking at an increase in costs of about £220m due to the income tax and minimum wage increases. I can see why they are cutting jobs. Preliminary Results for the 52 weeks ended 1 March 2025 Financial Summary 2024/25 YoY Retail sales (inc. VAT, excl. fuel) £31,555m 3.1% Retail underlying operating profit £1,036m 7.2% Total Financial Services underlying operating profit* £30m 3.4% Underlying profit before tax* £761m 8.6% Retail underlying profit - 1036 million Are you happy they are cutting jobs?" The actual profit Sainsburys made 2024 - 1st March 2025 was £240 million, NI and minimum wage increases will reduce that profit to £20 million next year if no action is taken. That is a dangerously low buffer for a business of their scale, disruption in the supply chain or another unknown cost could wipe that out instantly. Managing the impact of the increased taxes and wages is about keeping the company stable in a tougher economic environment, reducing headcount through technology and rationalisation done in a controlled way is the right decision. The country was either lied to, or Labour’s leadership didn't understand the consequences their changes to employer NI would have on jobs and business sustainability. I put my money on them not understanding. | |||
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"The conservatives timed their election perfectly as usual. I wonder, how much of the growth they oversaw was created by unsustainable share buy-back schemes?" Yes, the 14 year austerity government have left the country in a pile of seemingly unworkable steaming 💩. BUT, you should never underestimate the genius of their treachery and ruthlessness, the best example being how they made Corbyn look like he was clueless. Now regardless if it seems like I foot the blame solely on Thatcherism. I'd argue that rot started in the 80s yes and has continued to be the only thing offered on the menu of every neo lib tosser since, red, yellow or blue, so it can't be just one tiny obnoxious woman. Regan Clinton bush etc did the same in the states. This or any subsequent government could do different, but they've chosen to do just the same as the long preceeding list of populists before them; borrow a bit more, tax a bit more, cut a bit more. It's become the all familiar example of that worn out statement; the definition of insanity. The 40 year neoliberalist trend of government, which I think is a stretch using the word government because I'd argue taking the quick easy option at every opportunity and point in that history has led to everything becoming so toxic. Contrast to many Asian states, China, South Korea, Japan etc. that have over the last 50 years or more exclusively taken the route of long game, it quickly becomes apparent that short termist is only beneficial to the individual not to the country. Cue all the clowns that will interpret that what I said there as me being a communist/Marxist/stalin believer without knowing what I do or what I like and crucially that I think the Asian model it's also made it's own sinister oppression. | |||
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" And for all this red and blue have increased the national debt seven fold since 1997, add PFI and would be higher still. " Trying to blame privatisation solely at the foot of Blair for the PFI fails is the same as blaming thatcher for privatisation/selling the family silver and the legacy of 14 year austerity government. It's just mud slinging when all of it is to blame for the UK being the lowest in the G7 for public OR private (don't quote as I think I read that a while back) | |||
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"Sainsbury's made 1 billion profit, yet tried to blame the NI increase for 20k job losses. Sainsbury's made £242m profit in the last year, and they are looking at an increase in costs of about £220m due to the income tax and minimum wage increases. I can see why they are cutting jobs. Preliminary Results for the 52 weeks ended 1 March 2025 Financial Summary 2024/25 YoY Retail sales (inc. VAT, excl. fuel) £31,555m 3.1% Retail underlying operating profit £1,036m 7.2% Total Financial Services underlying operating profit* £30m 3.4% Underlying profit before tax* £761m 8.6% Retail underlying profit - 1036 million Are you happy they are cutting jobs? The actual profit Sainsburys made 2024 - 1st March 2025 was £240 million, NI and minimum wage increases will reduce that profit to £20 million next year if no action is taken. That is a dangerously low buffer for a business of their scale, disruption in the supply chain or another unknown cost could wipe that out instantly. Managing the impact of the increased taxes and wages is about keeping the company stable in a tougher economic environment, reducing headcount through technology and rationalisation done in a controlled way is the right decision. The country was either lied to, or Labour’s leadership didn't understand the consequences their changes to employer NI would have on jobs and business sustainability. I put my money on them not understanding. " Oh no they understand alright, but you can't fund tax cuts for the rich without borrowing or taxing the workers. There's no more public assets to sell so money has to come from somewhere. NICs increase is a way of putting the burden on workers without taxing the rich. | |||
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"Sainsbury's made 1 billion profit, yet tried to blame the NI increase for 20k job losses. Sainsbury's made £242m profit in the last year, and they are looking at an increase in costs of about £220m due to the income tax and minimum wage increases. I can see why they are cutting jobs. Preliminary Results for the 52 weeks ended 1 March 2025 Financial Summary 2024/25 YoY Retail sales (inc. VAT, excl. fuel) £31,555m 3.1% Retail underlying operating profit £1,036m 7.2% Total Financial Services underlying operating profit* £30m 3.4% Underlying profit before tax* £761m 8.6% Retail underlying profit - 1036 million Are you happy they are cutting jobs? The actual profit Sainsburys made 2024 - 1st March 2025 was £240 million, NI and minimum wage increases will reduce that profit to £20 million next year if no action is taken. That is a dangerously low buffer for a business of their scale, disruption in the supply chain or another unknown cost could wipe that out instantly. Managing the impact of the increased taxes and wages is about keeping the company stable in a tougher economic environment, reducing headcount through technology and rationalisation done in a controlled way is the right decision. The country was either lied to, or Labour’s leadership didn't understand the consequences their changes to employer NI would have on jobs and business sustainability. I put my money on them not understanding. " I won't spend time reading that, tou wasted your time 🤣🤣🤣 | |||
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" And for all this red and blue have increased the national debt seven fold since 1997, add PFI and would be higher still. Trying to blame privatisation solely at the foot of Blair for the PFI fails is the same as blaming thatcher for privatisation/selling the family silver and the legacy of 14 year austerity government. It's just mud slinging when all of it is to blame for the UK being the lowest in the G7 for public OR private (don't quote as I think I read that a while back)" PFI contracts totalling £267bn is small beer in the face of £1.7 trn additional borrowing under the tories. The only point being made is the national debt would be over £3trn if those off balance sheet expenditures were included | |||
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" And for all this red and blue have increased the national debt seven fold since 1997, add PFI and would be higher still. Trying to blame privatisation solely at the foot of Blair for the PFI fails is the same as blaming thatcher for privatisation/selling the family silver and the legacy of 14 year austerity government. It's just mud slinging when all of it is to blame for the UK being the lowest in the G7 for " public OR private investment " (don't quote as I think I read that a while back) PFI contracts totalling £267bn is small beer in the face of £1.7 trn additional borrowing under the tories. The only point being made is the national debt would be over £3trn if those off balance sheet expenditures were included " Sorry I omitted a critical word from that last sentence 😅 | |||
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"Sainsbury's made 1 billion profit, yet tried to blame the NI increase for 20k job losses. Sainsbury's made £242m profit in the last year, and they are looking at an increase in costs of about £220m due to the income tax and minimum wage increases. I can see why they are cutting jobs. Preliminary Results for the 52 weeks ended 1 March 2025 Financial Summary 2024/25 YoY Retail sales (inc. VAT, excl. fuel) £31,555m 3.1% Retail underlying operating profit £1,036m 7.2% Total Financial Services underlying operating profit* £30m 3.4% Underlying profit before tax* £761m 8.6% Retail underlying profit - 1036 million Are you happy they are cutting jobs? The actual profit Sainsburys made 2024 - 1st March 2025 was £240 million, NI and minimum wage increases will reduce that profit to £20 million next year if no action is taken. That is a dangerously low buffer for a business of their scale, disruption in the supply chain or another unknown cost could wipe that out instantly. Managing the impact of the increased taxes and wages is about keeping the company stable in a tougher economic environment, reducing headcount through technology and rationalisation done in a controlled way is the right decision. The country was either lied to, or Labour’s leadership didn't understand the consequences their changes to employer NI would have on jobs and business sustainability. I put my money on them not understanding. I won't spend time reading that, tou wasted your time 🤣🤣🤣" Thank you for your contribution, it helps me understand the playing field. | |||
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"Sainsbury's made 1 billion profit, yet tried to blame the NI increase for 20k job losses. Sainsbury's made £242m profit in the last year, and they are looking at an increase in costs of about £220m due to the income tax and minimum wage increases. I can see why they are cutting jobs. Preliminary Results for the 52 weeks ended 1 March 2025 Financial Summary 2024/25 YoY Retail sales (inc. VAT, excl. fuel) £31,555m 3.1% Retail underlying operating profit £1,036m 7.2% Total Financial Services underlying operating profit* £30m 3.4% Underlying profit before tax* £761m 8.6% Retail underlying profit - 1036 million Are you happy they are cutting jobs? The actual profit Sainsburys made 2024 - 1st March 2025 was £240 million, NI and minimum wage increases will reduce that profit to £20 million next year if no action is taken. That is a dangerously low buffer for a business of their scale, disruption in the supply chain or another unknown cost could wipe that out instantly. Managing the impact of the increased taxes and wages is about keeping the company stable in a tougher economic environment, reducing headcount through technology and rationalisation done in a controlled way is the right decision. The country was either lied to, or Labour’s leadership didn't understand the consequences their changes to employer NI would have on jobs and business sustainability. I put my money on them not understanding. Oh no they understand alright, but you can't fund tax cuts for the rich without borrowing or taxing the workers. There's no more public assets to sell so money has to come from somewhere. NICs increase is a way of putting the burden on workers without taxing the rich." That’s a nice soundbite and leans into the current government being untrustworthy, however it ignores basic economics. You don’t strengthen working people by making it more expensive to employ them (that is not a comment on hourly pay). NI is a tax on jobs, not on wealth, they again clearly do not understand this, and they haven't listened to businesses at all! If companies are expected to absorb new costs that were never on the table 6 months prior, it eats into profit, and businesses will pass on those costs through prices rises or streamlining the business and workforce. Working people are affected by NI increases to businesses, fact, not a soundbite. | |||
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"Sainsbury's made 1 billion profit, yet tried to blame the NI increase for 20k job losses. Sainsbury's made £242m profit in the last year, and they are looking at an increase in costs of about £220m due to the income tax and minimum wage increases. I can see why they are cutting jobs. Preliminary Results for the 52 weeks ended 1 March 2025 Financial Summary 2024/25 YoY Retail sales (inc. VAT, excl. fuel) £31,555m 3.1% Retail underlying operating profit £1,036m 7.2% Total Financial Services underlying operating profit* £30m 3.4% Underlying profit before tax* £761m 8.6% Retail underlying profit - 1036 million Are you happy they are cutting jobs? The actual profit Sainsburys made 2024 - 1st March 2025 was £240 million, NI and minimum wage increases will reduce that profit to £20 million next year if no action is taken. That is a dangerously low buffer for a business of their scale, disruption in the supply chain or another unknown cost could wipe that out instantly. Managing the impact of the increased taxes and wages is about keeping the company stable in a tougher economic environment, reducing headcount through technology and rationalisation done in a controlled way is the right decision. The country was either lied to, or Labour’s leadership didn't understand the consequences their changes to employer NI would have on jobs and business sustainability. I put my money on them not understanding. Oh no they understand alright, but you can't fund tax cuts for the rich without borrowing or taxing the workers. There's no more public assets to sell so money has to come from somewhere. NICs increase is a way of putting the burden on workers without taxing the rich. That’s a nice soundbite and leans into the current government being untrustworthy, however it ignores basic economics. You don’t strengthen working people by making it more expensive to employ them (that is not a comment on hourly pay). NI is a tax on jobs, not on wealth, they again clearly do not understand this, and they haven't listened to businesses at all! If companies are expected to absorb new costs that were never on the table 6 months prior, it eats into profit, and businesses will pass on those costs through prices rises or streamlining the business and workforce. Working people are affected by NI increases to businesses, fact, not a soundbite. " You aren't that good at trolling | |||
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"Sainsbury's made 1 billion profit, yet tried to blame the NI increase for 20k job losses. Sainsbury's made £242m profit in the last year, and they are looking at an increase in costs of about £220m due to the income tax and minimum wage increases. I can see why they are cutting jobs. Preliminary Results for the 52 weeks ended 1 March 2025 Financial Summary 2024/25 YoY Retail sales (inc. VAT, excl. fuel) £31,555m 3.1% Retail underlying operating profit £1,036m 7.2% Total Financial Services underlying operating profit* £30m 3.4% Underlying profit before tax* £761m 8.6% Retail underlying profit - 1036 million Are you happy they are cutting jobs? The actual profit Sainsburys made 2024 - 1st March 2025 was £240 million, NI and minimum wage increases will reduce that profit to £20 million next year if no action is taken. That is a dangerously low buffer for a business of their scale, disruption in the supply chain or another unknown cost could wipe that out instantly. Managing the impact of the increased taxes and wages is about keeping the company stable in a tougher economic environment, reducing headcount through technology and rationalisation done in a controlled way is the right decision. The country was either lied to, or Labour’s leadership didn't understand the consequences their changes to employer NI would have on jobs and business sustainability. I put my money on them not understanding. Oh no they understand alright, but you can't fund tax cuts for the rich without borrowing or taxing the workers. There's no more public assets to sell so money has to come from somewhere. NICs increase is a way of putting the burden on workers without taxing the rich. That’s a nice soundbite and leans into the current government being untrustworthy, however it ignores basic economics. You don’t strengthen working people by making it more expensive to employ them (that is not a comment on hourly pay). NI is a tax on jobs, not on wealth, they again clearly do not understand this, and they haven't listened to businesses at all! If companies are expected to absorb new costs that were never on the table 6 months prior, it eats into profit, and businesses will pass on those costs through prices rises or streamlining the business and workforce. Working people are affected by NI increases to businesses, fact, not a soundbite. You aren't that good at trolling" basic economics is “trolling” in your opinion  | |||
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"Preliminary Results for the 52 weeks ended 1 March 2025 Retail underlying operating profit £1,036m 7.2% Underlying profit before tax* £761m 8.6%" That's profit before tax, not actual profit. "Are you happy they are cutting jobs?" I don't own shares in, or shop at, Sainsbury's, so it doesn't bother me if they shed jobs or not. Do I think it's the right thing for them to do? Yes. | |||
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"Sainsbury's made 1 billion profit, yet tried to blame the NI increase for 20k job losses. Sainsbury's made £242m profit in the last year, and they are looking at an increase in costs of about £220m due to the income tax and minimum wage increases. I can see why they are cutting jobs. Preliminary Results for the 52 weeks ended 1 March 2025 Financial Summary 2024/25 YoY Retail sales (inc. VAT, excl. fuel) £31,555m 3.1% Retail underlying operating profit £1,036m 7.2% Total Financial Services underlying operating profit* £30m 3.4% Underlying profit before tax* £761m 8.6% Retail underlying profit - 1036 million Are you happy they are cutting jobs? The actual profit Sainsburys made 2024 - 1st March 2025 was £240 million, NI and minimum wage increases will reduce that profit to £20 million next year if no action is taken. That is a dangerously low buffer for a business of their scale, disruption in the supply chain or another unknown cost could wipe that out instantly. Managing the impact of the increased taxes and wages is about keeping the company stable in a tougher economic environment, reducing headcount through technology and rationalisation done in a controlled way is the right decision. The country was either lied to, or Labour’s leadership didn't understand the consequences their changes to employer NI would have on jobs and business sustainability. I put my money on them not understanding. Oh no they understand alright, but you can't fund tax cuts for the rich without borrowing or taxing the workers. There's no more public assets to sell so money has to come from somewhere. NICs increase is a way of putting the burden on workers without taxing the rich. That’s a nice soundbite and leans into the current government being untrustworthy, however it ignores basic economics. You don’t strengthen working people by making it more expensive to employ them (that is not a comment on hourly pay). NI is a tax on jobs, not on wealth, they again clearly do not understand this, and they haven't listened to businesses at all! If companies are expected to absorb new costs that were never on the table 6 months prior, it eats into profit, and businesses will pass on those costs through prices rises or streamlining the business and workforce. Working people are affected by NI increases to businesses, fact, not a soundbite. You aren't that good at trolling basic economics is “trolling” in your opinion "No, something you don't agree with/fit your agenda, so you use false equivalence and avoid the point altogether. Trolling. | |||
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