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Bear Goggles

Pm Says Enterprise Is Only Hope For Growth

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http://www.bbc.co.uk/news/uk-politics-12657524

Tories are going to apparently 'declare war on the enemies of enterprise'.

So that'll be the financial sector then?

Oh, no sorry, it's the Tories so it will be the public sector and the mythical 'red tape' they always seem to get wrapped up in.

It's funny, I've been in business for quite a long time now, and I've never really been too bogged down by red tape. The banking sector on the other hand has been instrumental in many business failures I have observed over the past few years.

Neither Labour nor the Tories understand SME, and for much the same reason.

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How is the public sector the enemy? Well, the tax burden needed to support it, but I can't see any tax cuts coming.

Anyway, let's lose this "growth" obsession, get the basics sorted out so that everyone gets what they actually need, and anything on top of that is a pleasant luxury. Having (sustainable) growth is nice, to rely on it is nuts.

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Without cuts, we would continue to have a budget deficit. If taxes were increased, that would be a burden on enterprise, and paradoxically likely to stifle business such that tax revenues actually decrease.

As for red tape, it is becoming an increasing burden, especially for small businesses. It costs time and money to comply with petty legislation, and more tax is taken for public sector employees to invigilate. Red tape is a public sector job creation scheme.

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Without cuts, we would continue to have a budget deficit. If taxes were increased, that would be a burden on enterprise, and paradoxically likely to stifle business such that tax revenues actually decrease.

As for red tape, it is becoming an increasing burden, especially for small businesses. It costs time and money to comply with petty legislation, and more tax is taken for public sector employees to invigilate. Red tape is a public sector job creation scheme.

The only significant red tape I've had to deal with is the Torys' populist immigration policy trying to stop me from employing an American.

Hopefully they'll start by cutting that.

Edited by Bear Goggles

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Without cuts, we would continue to have a budget deficit. If taxes were increased, that would be a burden on enterprise, and paradoxically likely to stifle business such that tax revenues actually decrease.

As for red tape, it is becoming an increasing burden, especially for small businesses. It costs time and money to comply with petty legislation, and more tax is taken for public sector employees to invigilate. Red tape is a public sector job creation scheme.

They could increase revenue by closing the cross-boundary loopholes multinationals use to get their tax liabilities down. It would make for a more level playing field too, it's unfair for domestic-only businesses paying full whack to have to compete with tax dodging efficient multinationals.

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...the prime minister said he wanted to champion the growth and ingenuity of the British people.

He said: "The spark of initiative. The courage to make your dream happen. The hard work to see it through.

"There's only one strategy for growth we can have now and that is rolling up our sleeves and doing everything possible to make it easier for businesses to grow, to invest, to take people on.

"Back small firms. Boost enterprise. Be on the side of everyone in this country who wants to create jobs, and wealth and opportunity."

....

Yeah yeah yeah heard it all before same old same old rubbish blah blah blah now run along and do some more printy.

Edited by billybong

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They could increase revenue by closing the cross-boundary loopholes multinationals use to get their tax liabilities down. It would make for a more level playing field too, it's unfair for domestic-only businesses paying full whack to have to compete with tax dodging efficient multinationals.

an entity losing revenue doesnt start by closing loopholes.

First, it protects the scene....it cuts costs....then it closes the loopholes, collects where it can....and if that doesnt work, it cuts more costs.

We MUST expect a severe fall in GDP...the government part of it...if we are to have any chance at all....running policy to keep a made up and stupid statistic in the black is the policy of the Asylum.

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  • 311 Brexit, House prices and Summer 2020

    1. 1. Including the effects Brexit, where do you think average UK house prices will be relative to now in June 2020?


      • down 5% +
      • down 2.5%
      • Even
      • up 2.5%
      • up 5%



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