Britain ‘headed for recession’ as Reeves plots spending cuts

[Captain Caveman]

Britain ‘headed for recession’ as Reeves plots spending cuts

Employers are cutting back on hiring before Chancellor’s National Insurance rise takes effect

www.telegraph.co.uk

Britain is on course for a recession as employers slash jobs and Rachel Reeves plots spending cuts, a major think tank has warned.

The Resolution Foundation said that the Chancellor is set to break her own fiscal rules, having put Britain on course for a £4.4bn budget deficit.

Analysis of official payroll data shows the UK jobs market “is already in recession territory” after Ms Reeves announced a record tax raid, the think tank said, with the number of people in work falling at a pace consistent with an economic contraction.

Basically, as history has shown, Labour haven't a clue. Employee earnings over £5,000 per year costs the the employer 15%. This used to be 13.8% on earnings over £9,100 per year, so quite a big cost increase.

So employers have stop hiring, departments and jobs gone to cover the cost. And this means a recession. And Labours pledge, "Grow the economy". Disastrous, absolutely disastrous.

 

[1srelluc]

Have fun digging up lovely filth.

It's not my fault some watery tart is running your country.

 

[Dekster]

Britain ‘headed for recession’ as Reeves plots spending cuts

Employers are cutting back on hiring before Chancellor’s National Insurance rise takes effect

www.telegraph.co.uk

Britain is on course for a recession as employers slash jobs and Rachel Reeves plots spending cuts, a major think tank has warned.

The Resolution Foundation said that the Chancellor is set to break her own fiscal rules, having put Britain on course for a £4.4bn budget deficit.

Analysis of official payroll data shows the UK jobs market “is already in recession territory” after Ms Reeves announced a record tax raid, the think tank said, with the number of people in work falling at a pace consistent with an economic contraction.

Basically, as history has shown, Labour haven't a clue. Employee earnings over £5,000 per year costs the the employer 15%. This used to be 13.8% on earnings over £9,100 per year, so quite a big cost increase.

So employers have stop hiring, departments and jobs gone to cover the cost. And this means a recession. And Labours pledge, "Grow the economy". Disastrous, absolutely disastrous.

Well this is actually the only way I'm afraid. I told Tommy this when he was all full of pride the conservatives got slaughtered. It doesn't matter who is in charge when your economy is stagnant. You either have to run up the debt, which Labour pledged not to do, run up taxes, which they also pledged not to do, or cut spending, which they pledged to do the opposite of. There is no way to grow an economy that has no gas without running up the debt, raising taxes, and reallocating spending away from "raise existing wages" toward job creating enterprises.

 

[JGalt]

Britain ‘headed for recession’ as Reeves plots spending cuts

Employers are cutting back on hiring before Chancellor’s National Insurance rise takes effect

www.telegraph.co.uk

Britain is on course for a recession as employers slash jobs and Rachel Reeves plots spending cuts, a major think tank has warned.

The Resolution Foundation said that the Chancellor is set to break her own fiscal rules, having put Britain on course for a £4.4bn budget deficit.

Analysis of official payroll data shows the UK jobs market “is already in recession territory” after Ms Reeves announced a record tax raid, the think tank said, with the number of people in work falling at a pace consistent with an economic contraction.

Basically, as history has shown, Labour haven't a clue. Employee earnings over £5,000 per year costs the the employer 15%. This used to be 13.8% on earnings over £9,100 per year, so quite a big cost increase.

So employers have stop hiring, departments and jobs gone to cover the cost. And this means a recession. And Labours pledge, "Grow the economy". Disastrous, absolutely disastrous.

Has anyone blamed Trump and Musk yet?

I predict the next poster will bring up his name.

 

[Crepitus]

Britain ‘headed for recession’ as Reeves plots spending cuts

Employers are cutting back on hiring before Chancellor’s National Insurance rise takes effect

www.telegraph.co.uk

Britain is on course for a recession as employers slash jobs and Rachel Reeves plots spending cuts, a major think tank has warned.

The Resolution Foundation said that the Chancellor is set to break her own fiscal rules, having put Britain on course for a £4.4bn budget deficit.

Analysis of official payroll data shows the UK jobs market “is already in recession territory” after Ms Reeves announced a record tax raid, the think tank said, with the number of people in work falling at a pace consistent with an economic contraction.

Basically, as history has shown, Labour haven't a clue. Employee earnings over £5,000 per year costs the the employer 15%. This used to be 13.8% on earnings over £9,100 per year, so quite a big cost increase.

So employers have stop hiring, departments and jobs gone to cover the cost. And this means a recession. And Labours pledge, "Grow the economy". Disastrous, absolutely disastrous.

Wait, wait, I've got this...

Ahem:

"short term pain for long term gain"

Right tRumplings?

 

[Captain Caveman]

Wait, wait, I've got this...

Ahem:

"short term pain for long term gain"

Right tRumplings?

It's what happens when Lefty pillocks get in, they fuck it up.

 

[Captain Caveman]

Has anyone blamed Trump and Musk yet?

I predict the next poster will bring up his name.

Not yet, just the useless twat in No.10