Cameron's promises

[Mecky]

Show me which bit is wrong then....?

 

We've gone over it all god knows how many times in the past. Why can't you accept it?

Edited December 4, 2014 by Mecky

[Bonzo77]

Show me which bit is wrong then....?

 

What's wrong? Wages have remained low and are set to remain low in 2015.

[chalga]

http://www.ifs.org.uk/uploads/publications/budgets/as2014/as2014_johnson.pdf

 

 

What George said and what the IFS are saying.

[tzijlstra]

http://www.ifs.org.uk/uploads/publications/budgets/as2014/as2014_johnson.pdf

 

 

What George said and what the IFS are saying.

 

Page 4: Europe's downfall as has been predicted by countless economists when discussing the post-war baby-boom that is now reaching pension age.

 

What am I talking about? This sentence:

 

The relatively modest fall [of total government spending] over this parliament is largely explained by increased spending on social security, especially pensions.

[PeteMorris]

By all account it's also caused by lower than expected (dunno who expected it) tax receipts. Apparently all the jobs that have been created lately are all low paid jobs, which don't generate much tax revenue, and indeed can be a cost with tax credit topups.

 

Did nobody think that a workforce on minimum wage and or zero hours contracts is all a bit pointless in terms of tax receipts?

[Mecky]

By all account it's also caused by lower than expected (dunno who expected it) tax receipts. Apparently all the jobs that have been created lately are all low paid jobs, which don't generate much tax revenue, and indeed can be a cost with tax credit topups.

 

Did nobody think that a workforce on minimum wage and or zero hours contracts is all a bit pointless in terms of tax receipts?

 

I wonder what percentage of people on ZHC actually pay tax

[ricgem2002]

.

 

Did nobody think that a workforce on minimum wage and or zero hours contracts is all a bit pointless in terms of tax receipts?

and this countries supposed to be run by clever people

[PeteMorris]

I wonder what percentage of people on ZHC actually pay tax

 

That's just the point...probably not many....yet we hear all sorts of rhetoric about the unemployment rate being down....Blah blah...and effectively the result is, they're shooting themselves in the foot...because they're not getting tax revenues from these low paid workers.

[ricgem2002]

That's just the point...probably not many....yet we hear all sorts of rhetoric about the unemployment rate being down....Blah blah...and effectively the result is, they're shooting themselves in the foot...because they're not getting tax revenues from these low paid workers.

whilst also not collecting the taxes from the employers eg (starbucks/amazon )etc:roll:

[Bonzo77]

That's just the point...probably not many....yet we hear all sorts of rhetoric about the unemployment rate being down....Blah blah...and effectively the result is, they're shooting themselves in the foot...because they're not getting tax revenues from these low paid workers.

 

Wages are subsidised by tax credits and like ricgem2002 says, corporations are legally allowed to avoid paying their taxes.