Quote Originally Posted by WBA123 View Post
It would be nice if we had a government, any government that prioritised growth.

I read somewhere that this budget is expected to cost us anything up to 0.5% of our GDP. Why?

We smash higher earners and businesses, but long term this doesn't trickle down to the poorest in society. The high earners leave and business becomes uncompetitive in this country.

A long term vision would be to try and increase average wages, to promote foreign companies investing in the UK, to incentivise SME businesses and entrepreneurs.

Does increasing NI contributions on employers do this? Nope.

Unfortunately, our prominent political parties put business growth right at the back of their agenda. And yes, I include Reform in that too. They are much more concerned about being voted in at the next election, or fighting for their political survival (as Starmer is apparently doing right now). This is all a cycle and means the country just progressively becomes poorer.

We lost 277k people last year to emigration. Let's be honest, they're probably the higher earners. And what is keeping them here? Move abroad and there is less crime, better weather and far less tax. Their standard of living will increase. It’s almost a win-win all round.
Totally correct 123. Every large blue chip company that gets taxed more ie NI contributions will pass this on to the consumer. I know one large blue chip company ready to press the button this Weds in the event of from a director who works there.

Only those with wealth will have emigrated as you say as in many countries only considerably wealth will buy a residents permit etc. Sadly Brexit stopped working or living in the EU now unless you have a large sum of cash or a business that turns over XYZ employing locals.

My daughter has just received her number one university offer for Kings College and one year of the four is compulsory to study at a top uni in the USA. I have told her to jump at the opportunity to taste overseas life.

The main beneficiaries will be those on universal credit especially if they scrap the child two child benefit as you rightly said. Sad but true.

Keep taxing the rich and they will go overseas 100%