Mass Job Losses In The Retail Sector Expected....costs Up £7Bn..

[ToraToraTora]

https://www.bbc.co.uk/news/articles/cp816jrnynyo

....yes it's real labour alright.

£2.33bn ENI, simlar for both minimum wage increases and new "environmental" levies on packagin etc.

Is Labour trying to kill off what is left of the high st?

[youngmafbog]

Not just the high street, you can also add any manufacturing we have left who also have sky high fuel bills and soon our computer industry also due to the additional problem of sky high fuel bills.  They simply cannot remain competative on the World market.

But you seem to be expecting a person who had to lie about their CV to be Chancellor to understand that.

Useless the lot of them, not one member of the cabinet has real business experience.

[nicebloke1]

Same old repetitive post really hoping for economic crash.

[naomi24]

//Not just the high street//

 

No it certainly isn't.  A higher rate tax has also been imposed upon businesses that work from large premises so companies like Amazon face even greater challenges.  Even some hospitals are affected by that one.  Just utter madness.

[youngmafbog]

Youreally dont have a clue fo you nicebloke, being a person who thinks the economyu is the supermarkets. 🙄

[youngmafbog]

And lets not forget the Charities too, the complaints clerk has hit them too.

[nicebloke1]

Doom and gloom mongering thats all it is. As you would say, not very patrioctic. Wishing and hoping for the UK to crash in an attempt to highlight your views.

[Togo]

//Recruiters have warned that Rachel Reeves's Budget has has caused a panic in the job market as "tens of thousands" risk being moving abroad.
According to James Reed, chief executive of major recruiter Reed, employers are plotting to shift roles to lower-cost countries, such as India, to cope with the higher costs imposed by the Budget, reports The Telegraph.
Mr Reed stated that companies are looking to relocate jobs overseas to manage the "triple whammy" of rising National Insurance contributions, an increase in the minimum wage and the implementation of enhanced union and workers' rights.
According to Government analysis, the new workers' rights are expected to cost businesses nearly £5 billion annually.//

//On Friday, Deutsche Bank issued a warning note to City clients stating that the Budget would cost the economy 100,000 jobs, both in redundancies and new roles not created that otherwise would have been.//

//Neil Carberry, the chief executive of the Recruitment and Employment Confederation also shared to The Telegraph that he has been in talks with the bosses about moving jobs out of Britain in the wake of the Budget.
He said: "I have talked to many larger firms where the question has been about offshoring."
In her record-breaking tax-raising Budget on October 30, Ms Reeves announced a flagship policy of increasing employer National Insurance contributions by £25 billion starting next spring.
From April, the rate will rise from 13.8% to 15% - and the salary threshold for employers to begin paying the tax will be lowered.
This National Insurance hike will coincide with a larger-than-expected 6.7% increase in the National Living Wage.
Additionally, companies will face increased costs due to Labour's Employment Rights Bill.//

That is how you kill a thriving economic model and create a left wing wilderness of ideas and innovation. 

[nicebloke1]

Most big named stores have for years had their products made outside the UK.

In fact the likes of M&S were one of the first, sweat shops.Dyson sweat shops, Primark sweat shops, in fact any big names.

[nicebloke1]

Also the motor parts business China sweat shops and India also many homewear products.

[ToraToraTora]

12:38, yep they inherited the fastest growing economy of the G7 in July. It's taken less than 4 months and we are up the pictures. Good ole Labour!

[nicebloke1]

12.27. Your OP says retail, supermarkets are one of the biggest employers in the retail, so why not mention them.

[ToraToraTora]

13:02 Why? I am talking about the whole sector not parts of it.

[nicebloke1]

My 12.47 and 12.58 posts cover a whole section and more. 

[ToraToraTora]

whoopie do, start your own thread then. I'm talking about retail.

[nicebloke1]

Forgot to add, the supermarkets are mainly responsible for mass unemployment due to self service checkouts. Long before labour WON the GE. 

[nicebloke1]

Like I said supermarkets are the biggest employers in the retail business.

[theshedman]

nicebloke your last 2 answers more or less contradict each other.  One says they are sacking people and the next saying they are the biggest employer so employing more than they sack.

[newmodarmy]

//Forgot to add, the supermarkets are mainly responsible for mass unemployment due to self service checkouts.//

You really think so?

Checkout staff only ever accounted for a small proportion of supermarket staff- there are lots of shelf stackers, click and collect staff picking orders, warehouse staff, drivers, cleaners, supervisors/managers, security staff, buyers, IT staff...

[Deskdiary]

1.29pm - "Forgot to add, the supermarkets are mainly responsible for mass unemployment due to self service checkouts."

 

That is just simply not true - what do you hope to achieve by posting something that is so obviously false? I just don't get it.

[naomi24]

 //I just don't get it.//

 

Neither does Nicebloke.  He simply does not understand business.