Starmer's vision quest

[Dorset Boy]

So far so plausible, but you have yet to produce any argument to show that NI is disproportionately increased for young people.

I stated in my first post that young people get paid less.
I then explained that they have less experience hence lower wages.
Follow the logic?

 

[bobzmyunkle]

I stated in my first post that young people get paid less.
I then explained that they have less experience hence lower wages.
Follow the logic?

No.

 

[Pblakeney]

Nothing circular in my first post - explain what you think is circular please.

RfA put up employer NI contributions and significantly reduced the threshold at which employers pay it. That was a significant cost increase for small businesses (the engine of the economy) and those lower paid positions became a lot less viable for the employer. Remove the profit from a business, hit their cash flow, and guess what, people lose jobs.

Was there a corresponding boost in jobs from April 2004 when the N.I. was reduced?

 

[First Aspect]

Was there a corresponding boost in jobs from April 2004 when the N.I. was reduced?

The biggest impact seems to have been from the lower thresholds. Did that change in 2004?

 

[Pblakeney]

The biggest impact seems to have been from the lower thresholds. Did that change in 2004?

I guess we are both doing the same 2024/2004 typo. 😂
Yes, there was an impact. I just think it is being overplayed. If you have hundreds of employees then there is going to be an impact on the employer but small businesses don't have hundreds of employees. For small businesses to cut staff based on losing circa £615 per employee then their businesses were already in trouble.