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"VAT should be increased to 22%" - former Sainsbury's boss Justin King


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linky link; https://www.bbc.com/news/business-50261277

Heard this idea in passing on the radio today, talking about how raising VAT and lowering business rates an equivalent amount will 'save the high street'.

No idea how they figure that one out? Many of us will be beneficiaries of small business rates relief, so this plan will be a kick in the balls with no upside. 
If the idea is to level the playing field for brick and mortar and large online retailers, invent a new tax for them, rather than just tweaking the way we operate. ](*,)

Edited by GLENGRAVING
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On 11/4/2019 at 12:05 PM, Lee said:

Still if labour win the election  you can all start paying £10 minimum wage that should help small businesses no end 

the tories aim to raise it to £10.50 by 2024, so it's going up regardless

the difference with Labour's pledge is that they want to put in place this higher rate for even teenagers - which I agree could be problematic. Imo, if there is going to be separate rates of pay depending on age, let us also hire pensioners at a discounted rate :idea:

Edited by GLENGRAVING
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18 hours ago, Count Muppet said:

I don’t think minimum wage should be age related. If you can do the job as well as someone else it shouldn’t matter if you’re 16 or 70

I think the original idea was  the younger staff being paid less was to encorage companies to take on trainees, remember when aprentices finished training at 21. Or is it me thats old.

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  • 3 weeks later...
22 hours ago, hibsjo(SCO) said:

my mum believs everything shes fed on the TV and in the papers (like most of you on here :grin:.

I like to get my facts from several sources, then cross check and research them. Like the Brexit bus, a quick check, yes it's  misleading. But as remainers say, " No, it's not £350 million a week, it's only £200 million!" 

Only. Bloody hell.

I'm badgering my two university students daughters to vote, even though they will definitely vote the exact opposite to me. The sad truth is, at least one of them just won't  bother.

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