The Bloke On Who Wants To Be A...
Film, Media & TV4 mins ago
https:/
...well I'll go to the foot of our stairs!
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She said: "I said that [the national insurance increase] will have consequences.
"It will mean that businesses will have to absorb some of this through profits and it is likely to mean that wage increases might be slightly less than they otherwise would have been.//
Businesses won't absorb it, they will pass it on to the consumers and workers and will result in price increases and job losses.
webbo: "Businesses won't absorb it, they will pass it on to the consumers and workers and will result in price increases and job losses." - yep price increases = inflation = interest rate rises; job losses = more on the rock and roll = increased benefits bill! I doubt the hike will add anything like £20bn net. It's junior school tuck shop economics from the tea leaf.
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