Do you have a source for that? The EU has been a by-word for low growth for many years.
Westminster Politics 2024-2029
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In the latest episode of the United Hour Podcast, Nik (@Rood) and Jamie (@Vault Dweller) review both the Everton and Bodø/Glimt victories at Old Trafford. Listen to the guys discuss 2 wins and 7 goals in the last week, analyse of the Amorim formation, focus on Amad and how he is playing, and also take a look at Hojlund, Rashford & Zirkzee – who starts v Arsenal?
You get the issue people have with the bold part, right?
The boss of Tesco for example whinging about how this will INEVITABLY lead to price rises and a reduction in investment. Tesco made first half profits of £1.2bn and where’s the investment, other than shareholder payouts?
Big business has had half a century of favourable terms to grow and invest, and look where we are!
Business will try to protect their (in the case of supermarkets) low margins of about 4%. That's what any business would do.
I'm sorry, but I'm all out of violins for MNCs posting billions in profits annually who whinge about low margins.
I understand that large companies make a lot of money, the problem is again is the threshold. This hits companies with more than 5 (i think) where margins are squeezed.
Tesco is a long a established business, i think this they'll move more into Europe when they do the share price will hit 450. They have a foot print have Europe now but it's not as large as say Walmart when you look at the grand outlook.
Why not raise the threshold to say 8 employees that way it galvanise small businesses and maybe increase the pay of the people working in small businesses.
I write alot more but delete it as I'm just random on the Internet and no one knows me. But i tell you I work with the companies spoken about in this thread, maybe even ones typed in this post. But again I'm just a random probably sat in his mums spare room.
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I wouldn't mind low margins if it meant I could make 1.2 billion in profit every 6 months.
Sure. Are you happy to take the debt on the balance sheet as of February 2024 : £14.95 Billion.
That isn't the same kind of debt you or I would have.
Yep, but way way more variables.;
Anyway I wasn't actually chatting about Tesco. I was trying to make the point on the threshold on small to medium business in regards to tax.
You could have probably made that more obvious.
What a bizarre reply. I'd happily take on £14.95B in debt when you include the actual relevant thing: that it comes with many times that in assets.
Tesco is probably a bad example because it seems to have been run poorly. It actually has assets which are at about 12 billion, so less than the debt on the books. Their debt seems to be about 3-5 times that the normal, giant, supermarket. As an example, Aldi has basically no debt and Sainsbury's has about 4 billion or something. Just points to a poorly run business imo.
The margin is more than sufficient. It generates 65 billion in revenue. Obviously overheads, costs, and all of that leads to a fraction of that being net income. But other supermarkets are getting along just fine with the same if not similar margins. And making a killing, too.
What your feelings on the NHS then?
Deliberately underfunded for many years. The entire Tory period. A complete disaster basically. It needs a lot of money invested into it because the existing infrastructure is capable of meeting the demands of a population of 50~ million whereas the state has 70 million. It's under stress for a variety of reasons but that is surely among the most simple.
https://www.kingsfund.org.uk/insight-and-analysis/data-and-charts/nhs-budget-nutshell
Take a look at that. During the Blair years, one of the few things I think everyone agrees NL actually got right was the NHS, it was funded appropriately. Then take a look at the next 15 years. A 50% drop in spending in real terms under the Tories. Even during Covid, when it touted that the NHS was being funded through the roof, it still didn't match the level of funding which NL was giving it for a ten or more year period. 2-3% less.
This is deliberate on the part of the Tories. Underfund and then privatize. Now it's a shambles and you cannot really blame Labour for it. But if they go the Tory route then you absolutely can. When Corbyn came out with that document that hinted at selling the NHS off during the 2019 campaign people wrote him off but the figures bear it out (as do private contracting agreements subsequently).
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Don't forget the PFIs brought in by new labour.
But at least it was funded at a high level. NL were neoliberal. No secret. But NHS satisfaction during that period was basically at an all time high iirc.
Just about to post this, many people forget about this. I think we're still paying..
Holy shit Badenoch is SO BAD at PMQs.
I mean, words are words, but I am just saying what they will do. Supermarkers don't have a lot of headroom to grow profits at the moment to compensate.
Big fan of Stephen. One of the good SNP MPs. Always been good at PMQs and in debates.
Across the UK as a whole apparently there is something like 260 billion in debt repayments left (old statistics but a crazy figure) from all PFI projects including prisons and the defense sector.@Raven
Some very poor numbers here. Lets hope that they don't do this again.. think it runs till 2030... nuts.
It's crazy, that one party can make a decision that has costs that run longer than there perceived time in government. I think the NHS costs about 150 billion a year (I think) that is crazy numbers.
170bn. Still underfunded.That puts it at 4% which is the highest it's been since 2010. So there is some progress. 5.5% more or less every year from what I can see during the Blair/Brown years. PFI aside. Which is a scandal I had forgotten about.
The NHS is going to cost a lot of money. It just is. For it to work properly it has to be properly funded. It's worth keeping and so it's worth funding properly and correctly.
It's to be expected, she is the Tories 'pit-bull', they are in a desperate state their base voters are now turning to Reform and so their fellow right traveller's (e.g. Musk's inspired call for a new GE).etc is loading her up with things to try to savage Starmer.
It's going to be an attempt at 'whack-a-mole' politics at ever PMQ's for the foreseeable future.
Vauxhall owner to close Luton factory - saying rules to drive EV adoption in the UK are partly to blame.
Badenoch really is fecking thick.
And here is a fecking another one
And here is a fecking another one
I really hate jus sanguinis. Jus soli should be in place worldwide.
So everyone born in Britain, or to British parents outside of Britain needs to go through an application process then in order to be considered a citizen. I look forward to that.
I think the whole concept of citizenship by who you are born from or where you are physically born is ridiculous. Where you reside is where you are from. But if we go down the route of determining citizenship by birth, then it's hard to argue someone born outside of a border to a mother/father who usually resides within that border shouldn't be considered a citizen in the same way their parent(s) are.
It's not exclusive to one party, they all are. As soon as you realise that the more easier it'll be or frustrating depending where you are in the process.
Its been happening for years,
31.8% of all live births were to non-UK-born mothers in England and Wales (an increase from 30.3% in 2022); this continues a general increase in the percentage of live births to non-UK-born mothers.
Maternal mortality ratio - Nigeria is 3rd, I think Kemi family is from there, but i understand why mothers would travel.
Norway has the best rate out of all Europe.
Norway has the lowest rate out of all of Europe.
It's always people of color the Tory party get to do these things. Or just seems that way. For a solid few years there I think you had to be non-white British and very anti-non-white British to be the Home Secretary.
But more people read this sort of shite than watch PMQs themselves.
Badenoch is at her best tackling Mr Punch at PMQs
https://www.telegraph.co.uk/politics/2024/11/27/badenoch-is-at-her-best-tackling-mr-punch-at-pmqs/
Xenophobic cnut moves to racist party shocker.