[the truth]

with respect youre all missing a key point......the minimum wage will not be affordable , a living wage isn't even enforceable, in most areas of Britain for the lowest skilled jobs.
that means thousands of job cuts. how can a small business employing 30 people suddenly afford to pay an extra 25% in wages? in deprived areas? where does this 25% come from? thin air? it wont happen, it cant happen, people will be sacked
meanwhile the number of people arriving on our shores will increase even further when the minimum wage is the highest in Europe and higher than many countries pay their highly skilled workers.....all of which sees more immigration allied to these tens of thousands of job losses in poorest areas because of the unrealistic unaffordable minimum wage rises.

[Kizzy]

Originally Posted by the truth

with respect youre all missing a key point......the minimum wage will not be affordable , a living wage isn't even enforceable, in most areas of Britain for the lowest skilled jobs.
that means thousands of job cuts. how can a small business employing 30 people suddenly afford to pay an extra 25% in wages? in deprived areas? where does this 25% come from? thin air? it wont happen, it cant happen, people will be sacked
meanwhile the number of people arriving on our shores will increase even further when the minimum wage is the highest in Europe and higher than many countries pay their highly skilled workers.....all of which sees more immigration allied to these tens of thousands of job losses in poorest areas because of the unrealistic unaffordable minimum wage rises.

Tax relief for employers will offset it won't it?

[the truth]

Originally Posted by Kizzy

Tax relief for employers will offset it won't it?

eh? offset a 25% wage bill increase? this is utter madness, its what I call politically correct business, where all basic economics and simple truths are banned from public debate. yes lets all pay the poorest £20 an hour minimum wage were nice people etc its drivel

[Kizzy]

Originally Posted by the truth

eh? offset a 25% wage bill increase? this is utter madness, its what I call politically correct business, where all basic economics and simple truths are banned from public debate. yes lets all pay the poorest £20 an hour minimum wage were nice people etc its drivel

£20ph?.... that's not happening, I meant the cut in corporation tax.

Corporation tax and the new National Living Wage were the main talking points from the July Budget for businesses of all sizes but the implications for small firms aren't straightforward.
George Osborne, the Chancellor, announced that the rate of corporation tax would fall to 19pc in 2017 and 18pc in 2020, the lowest in the G20. For start-ups and many UK small firms, which only generate a marginal profit, this is unlikely to have a big impact.
The National Living Wage was the "rabbit in the hat" moment of the address. As of April 2016, the Government is introducing a new minimum wage of £7.20, which will rise to £9 by 2020.
Small firms or businesses employing a significant number of staff on the minimum wage are likely to feel this change most keenly, although there are some new measures from the Government to reduce the impact on the most vulnerable businesses.


http://www.telegraph.co.uk/finance/b...usinesses.html