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british economy hits slowest growth in 12 years
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it managed to avoid the recessions that plagued other industrialised countries after the collapse of the dotcom bubbleComment
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Dont take this personal
The figures for 2001 - 2003 were massaged by Govt departments to make the economy look good , the other countries were only envious of the UK's sophisticated statistical smudging and will only be picking up the phone to talk to mr Brown on how to produce similar amazing results for their own economies
For most people 2001 - 2003 was a hard time and for some contractors the good times have only just begun so why are contractors so interested in such charts, the reason is the same as why so many people like to read their horoscopes , they know its sh!t but why not check anyway.
The only figures contractors should keep an eye on are the small print that gets added to the budgets every year in March , they have a bigger effect on your lives and when the tax man decides to pick UK Ltd up and shake until all the money falls out its pockets then contractors do seem to get hit harder.
This is because contractors have a stigma attached to them which seems to suggest that they earn more money but pay less tax. Dawn Primarolo picked up on this back in 2000 but by the time the UK had sorted out the legislation it was too late and her masterplan was failing.
So in short your on the fecking Govts hit list of groups of tax payers that deserve special attention , if Gordon Brown was madam Sin then contractors would be the new high speed double penetrator that Mr Brown loves to share with his treasury sacksuckers. Just wait another year and they will find some other poor tax minority to shaft.
The truth of the UK economy is that its held up by Oil income , which has netted the UK Govt billions but its still in debt due to the high expenditure on Hospitals , Schools and Infrastructure and the MOD's warchest getting a far higher frequency of cash injection right now.
Also as many contractors now work abroad this chart will have a lot less to do with being a crystal ball for contractors and more of a general warning for UK HM Gov to stat making ends meet.Warning unicorn meat may give you hallucinationsComment
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here here!
The ecoonmic "miracle" has been smoke and mirrors funded by over £1 trillion of debt. The parties over.Comment
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Originally posted by DimPrawnhere here!
The ecoonmic "miracle" has been smoke and mirrors funded by over £1 trillion of debt. The parties over.
Time for a civil war mefinks!Comment
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Originally posted by BlasterBatesNothing like a refreshing dip into a recession to cleanse the economy.
Autom...Sprow...Canna...Tik banna...Sandwol...But no sera smeeComment
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Originally posted by BlasterBatesNothing like a refreshing dip into a recession to cleanse the economy.
J K Galbraith
Work in the public sector? Read the IR35 FAQ hereComment
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Originally posted by OwlHoot"Recessions catch what the auditors miss"
Their logic goes, "the less staff the company employs, the more important our job becomes".
Originally posted by DimPrawnThe economic "miracle" has been smoke and mirrors funded by over £1 trillion of debt.Comment
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