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hackneyfox Posted on 13/02/2020 12:21
Sajid Javid resigns

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Told by Johnson (at the behest of Cummings) to sack his advisors, Mr Javid rejected an order to fire his team of aides, saying "no self-respecting minister" could accept such a condition.
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hackneyfox Posted on 13/02/2020 12:24
Sajid Javid resigns

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McVey
Villiers
Leadson

I would say no loss but it depends on who he replaces them with.
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ClaphamFox Posted on 13/02/2020 12:27
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I just spoke to an economist at work who knows one of Javid's advisors pretty well. He (my colleague) suspects that the government is planning some pretty unorthodox policies in next month's budget, and they saw Javid's advisors as a barrier to achieving that. Be prepared for the new chancellor to splash some cash around next month...
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hackneyfox Posted on 13/02/2020 12:32
Sajid Javid resigns

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Julian Smith Secretary of State for NI also gets the boot.
So he sorts out power sharing, seems to be liked by all sides but still gets the chop?
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hackneyfox Posted on 13/02/2020 12:35
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Unorthodox policies?
Any ideas?

Where did they find this forest of money trees?

Boris will be shouting about extra spending from the rooftops and yet all they are doing is putting right a small proportion of the cuts they brought in under 'austerity measures'.
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ClaphamFox Posted on 13/02/2020 12:41
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Not sure, but a major cut to stamp duty is on the cards. They might fund that by slapping hefty taxes on more expensive (ie, million pound+) homes. Possibly lots of other spending targeted at northern regions.

It seems the Tories sense an opportunity to finish Labour off for good by making sure all the voters in poorer areas who just voted Tory for the first time never return to Labour.
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jabbaranks Posted on 13/02/2020 12:55
Sajid Javid resigns

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Well that's not going to play out well with all the self employed contractors who are currently dealing with the IR35 reform due to go live at the start of April, meaning that all of us who do this at the minute with no holiday/sickness/pension/employee rights/long term guarantee/work away from home will now have to give up approx 30% of our take home pay by going PAYE or Umbrella, if we want to continue being employed as hired hands.

Nice little earner for the HMRC at the expense of ordinary working people who provide niche services for company requirements. To55ers.
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Tealfox Posted on 13/02/2020 13:04
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Jabba. Not sure anyone knows what is going on with the IR35 and whether it will be implimented in April or not. This is pretty serious for a lot of people and could see me paying an extra 25% tax on top of what I already pay. Self employed folk won't be able to do it. It will cause havoc, and surely not good for the economy.
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hackneyfox Posted on 13/02/2020 13:14
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Most of the guys I work with are self-employed CAD Techs, nobody is seriously worried by IR35. Brookson who many are with don't seem to think it's a problem.

Not sure what you guys do and why it hits you so badly. Most of the guys I work with are probaly earning twice what I do as a permanent employee and still pay a lot less in stoppages (as a percentage) than I do. HS2 also means there will be loads of work and rates may well go up.
Alright for some whilst others are clearly going to take a hit.
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astleyfox Posted on 13/02/2020 13:17
Sajid Javid resigns

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They e threatened to nail subbies many times. The building industry needs us.
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Tealfox Posted on 13/02/2020 13:19
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Getting mixed messages, I work in construction too, but am site based so move around a bit, I hope it shouldn't, fingers crossed affect us. Think it will hit I.T. contractors the hardest.
Conservatives taxing the fack out of everyone, I thought they were the party for lower taxes??
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jabbaranks Posted on 13/02/2020 13:20
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It's 100% coming in as of April 5th, with zero chance of it being reversed/mitigated. I'm on an assignment for one of the large Indian IT Service Providers, and we have all been told that only payments for services provided until the end of Feb will be honoured as outside IR35. We have been given an ultimatum of either go PAYE/Umbrella after Feb, or be served immediate notice. Option 1 is fraught with danger as any assignment where you've worked outside and then work inside will serve as a massive red flag for the HMRC and potentially open yourself up to them combing through every single assignment you've had over a lengthy period of time.

Yeah, you're right. It's not going to be financially worth it to carry on - and again, you're right, there's going to be a tipping point where companies are unable to get skilled resources in to fit their workflow demands. It's such a bull5hit piece of legislation, designed only to skin honest workers whilst the big corps continue to roam free.
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Bradnor Posted on 13/02/2020 13:20
Sajid Javid resigns

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I am involved with the IR35 changes from both ends - i do consulting work for a recruiter who supplies senior level tax professionals to large corporates, and I myself supply my services via my own personal service company (PSC)

HMRC reckon the changes are going to bring in an extra £1bn in tax and NICs, so they will definitely go ahead with it. Calculations I have seen are that currently via a PSC a contractor earns net around 66% of their charge out rate, whereas via an umbrella company that drops to about 53%. The answer i guess is to put your charge rate up.
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jabbaranks Posted on 13/02/2020 13:25
Sajid Javid resigns

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Hackers, it's hitting us hard as I.T contractors in that we are having our pay zapped by 30% in an instant. Yes, we get paid well, but with that comes all of the stuff I've already mentioned - no holiday, sickness, pension, employee rights, working away from home, having to take out Professional insurance policies to cover any catastrophic errors we might make.

With all that in mind, we look at the dough and make a decision as to whether it's worth it. With IR35 going live, effectively we'll be marginally above what permy people earn, but still with none of the good stuff that permy people get. It's a nonsense.
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jabbaranks Posted on 13/02/2020 13:27
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And that's where it's falling down at the minute, companies (quite rightly in my view) are refusing by and large to increase day rates to cover the shortfall. How long that situation continues once the full fallout of IR35 kicks in is anyone's guess, but regardless, it's messing up a lot of people's lives.
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Tealfox Posted on 13/02/2020 13:29
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Its massive, to hike tax that much in one hit. Families will loose their homes, its that serious. Surely the economy will loose more than the £1 billion they are set to gain.
Have the government really thought this through properly?
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jabbaranks Posted on 13/02/2020 13:33
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You're right they haven't. The main recruitment consultancies have whispered in the Government's ear that there's easy money to be made here. To give to Northern people.
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Tealfox Posted on 13/02/2020 13:39
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Looks like the main contractors will stump up the extra £80 per day in day rate to cover the tax leaving the medium and smaller sized firms in the sh1t. The employment agencies have got away with any responsibility yet again (even though they they are technically the employers) and passed it on to the client. Caaants.
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hackneyfox Posted on 13/02/2020 13:55
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Bradnor
53% for umbrella companies???
Where does the other 47% go?

I was working via Brookson two years ago and generally was taking home at least 70%.
After allowing 6 weeks a year for holiday and sickness I was till earning about 40% more than I am as a permo after allowing for pension payments.
The more I type the more I'm realising I should go contract again.
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billsballbag Posted on 13/02/2020 14:08
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Expect tax rises to affect people in and around London more than anyone else exactly for the reasons Clapham suggests.

Higher stamp duty on the highest value homes for starters and a clamp down on dodgy money coming into the country that benefits no-one north of the Watford gap.
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hackneyfox Posted on 13/02/2020 14:41
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Hasn't Johnson been colluding with a number of people/businesses responsible for dodgy money coming into the country?
Why would he stop that from continuing?
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Tealfox Posted on 13/02/2020 14:49
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Hackney, he means he would take home 53% of what his rate is (pay 47% tax).
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Tealfox Posted on 13/02/2020 14:52
Sajid Javid resigns

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Through IR35 he would pay more like 60% tax
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Filbo65 Posted on 13/02/2020 15:01
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If I were looking to get more top-rate tax relief on pension contributions, I'd be signing the cheques in the next couple of weeks...
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Tealfox Posted on 13/02/2020 15:24
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A new chancellor Rushi Sunak, an ex businessman. Perfect opportunity for a u-turn on some of these Labour like tax policies that have been proposed by Javid.
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hackneyfox Posted on 13/02/2020 15:24
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Teal
I understood what he meant just struggling to get my head around how anyone is losing 47% in tax.
Did a quick check with an online umbrella company earlier, they seem to think you should be taking home 70-80% of your weekly income. I appreciate there may be other stoppages but that's a huge difference.
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hackneyfox Posted on 13/02/2020 15:27
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Well I hope not, as a country we need to be paying more in taxes if we want decent social care and a functioning NHS in the future.

It's all very well buying off northern voters with reduced stamp duty and some extra spending on a few projects. For the vast majority of Labour voters (especially those of us approaching retirement) the NHS and Social Care are two of the most important things.
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Tealfox Posted on 13/02/2020 15:31
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Would depend on how much hes earning. Probably well over 40k or the 32k dividend threshold, so would be a lot more than 20 - 30 %.
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jabbaranks Posted on 13/02/2020 15:31
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I dunno who you're checking with Hackers but those figures are fantasy. The site below is choc on, and has a calculator that shows you exactly what you'd take home under Ltd Co/PAYE/Umbrella. Importantly, it will also show you a comparison of what your take home will be outside of IR35 and inside of IR35.

70-80% it aint!

Link: Grim reading
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dirtybollard Posted on 13/02/2020 16:04
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Wise up. Boris is making sure the next five years turn into the next twenty years. and with Labour a dead Horse who can blame him.

This is a historic period in this countries history. Boris has a lot more intelligence than anyone on here ( don't even claim to beg to differ ) He and his new cabinet are going to shape the future for this country in a way you can't imagine.

It's all been said before but we are free and we will eclipse anything the EU does. The EU will last only a few years before it's the shortage of British cash will soon see other countries crave what we have and what we achieved since leaving.

We are the torch bearers of sovereign freedom and other countries will follow suit. Watch what this government does over the next twelve months and be amazed by what it can do without EU rules and interference. Happy days are here again.[^][^]
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jabbaranks Posted on 13/02/2020 16:13
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I'll assume you've not read any of the above. There's a piece of Government legislation coming in that will wipe out 20-30% of take home pay for 10s of thousands of people in this country.

Under what criteria can that be classed as 'a historic period' 'sovereign freedom' and a model that other countries will look at in awe?
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dirtybollard Posted on 13/02/2020 16:21
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I assume you believe all you are told. Anyway not for the likes of you to worry you have no say in anything for at least another five years. A big picture is being drawn and you need to stand back to see it if you are capable...[^]
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hackneyfox Posted on 13/02/2020 16:22
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Cheers for that and a you say it'a much more realistic calculator.

37.5 hour week for 44 weeks of the year so that more than covers holidays and above average sickness.
Pension paid at 11.5% to match my current combined contributions from myself and employer.

Outside IR35 I'd keep 69%
Inside IR35 I'd keep 56%

At worst I'd be 3k a year better off, rising to 12k.

Now where's that agents number?
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jabbaranks Posted on 13/02/2020 16:29
Sajid Javid resigns
Edited On: 13/02/2020 16:30
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I don't even know what any of that means DB

I'm trying to tell you about something that is coming in that will massively impact a lot of people, Tories, labour, whatever. It's a fact. Ordinary working people.

I'm struggling to see why that pleases you so much? Surely, as an advocate of a good strong minded Government, you'd want them to look after us all as a whole?

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wints Posted on 13/02/2020 16:52
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Boris doesnt even run the country, Cummins does. And remember when we didnt want to be run by unelected bureaucrats? [|)]
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dirtybollard Posted on 13/02/2020 17:05
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Jabber I'm not surprised you don't understand. Here is something you will understand.

We have a Tory government for at least the next five years. You don't have a say in anything in your life until then.

Events are above your head and I understand you and us all are caught up with our own personal ideas. My arrogance is part fact and part humour.
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jabbaranks Posted on 13/02/2020 17:09
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Someone's been on the Fruit Shoots haven't they.

I'll have to console myself with the fact that I'm not you.
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Filbo65 Posted on 13/02/2020 17:15
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Cummins is on the record as wanting HS2 scrapped, isn't he? Funny way for him to run the country...[:P]
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Tealfox Posted on 13/02/2020 17:29
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Hackney, you’d make a good Tory MP! Stop winding us lot up, your not an idiot. This will have a massive impact on a lot of hard working people who keep the economy going and is far from a joke.
All you care about is having someone to wipe your XXXXXX in your old age?
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dirtybollard Posted on 13/02/2020 18:37
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Not me Jabba? you could only wish. you have neither the intelligence or breeding. Eat your heart out.[:D]
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Surffers Posted on 13/02/2020 18:54
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Hackney does tax avoidance ,typical fake left wing London bubble type.
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oldskool Posted on 13/02/2020 19:11
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to all you wet Tory's This should leave you in no doubt who Is really running this country. stand up comrade's and welcome Mr Putin. you all lapped up the bull: hook, line and sinker.
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mac_ Posted on 13/02/2020 19:12
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Wot u lot on a bout???
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hackneyfox Posted on 13/02/2020 19:15
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How are you being wound up Teal?
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Tealfox Posted on 13/02/2020 19:28
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Don’t want no trouble Hackney
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Tealfox Posted on 13/02/2020 19:29
Sajid Javid resigns

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Nearly a nifty
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Surffers Posted on 13/02/2020 19:46
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Them Russians are no longer under the beds they moved to Kensington and became capitalists.
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Tealfox Posted on 14/02/2020 12:00
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Whats the Russians got to do with anything?
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Surffers Posted on 14/02/2020 12:01
Sajid Javid resigns
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Ask Oldskool .
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dirtybollard Posted on 14/02/2020 13:55
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Not sure how the Russians are managing to run America and now us simultaneously, but I bet some conspiracy imbecile on here will come up with an answer.[rle]
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hackneyfox Posted on 14/02/2020 14:46
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Probably due to both the US and UK having a number of people who believe all they read on the internet.
There's reports from both governments that have shown Russian interference in elections.
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sixthswan Posted on 14/02/2020 15:13
Sajid Javid resigns
Edited On: 14/02/2020 15:14
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It only takes money, motive and knowledge to influence elections in the internet age.

Every country is interested in influencing its own population and those further afield.

Even an individual can influence people on social media.

It would be a huge shock to find that Russia, with an unopposed, expansionist and revisionist favouring leader like Putin; was not involved in such activity.
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dirtybollard Posted on 14/02/2020 16:46
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Well done hackers you get first prize. It's obvious that both here and America the respective governments are willing to tell the populous that they are XXXXXXe and can be manipulated by foreign powers?

In a two-horse race of gullible clowns you get the McDonalds award.[rle]
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Tealfox Posted on 14/02/2020 18:45
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Hackney, why do you wind up the maniacs? It always ruins a good discussion/thread. Best to ignore them.
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hackneyfox Posted on 14/02/2020 22:23
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Teal
Have you not noticed that, with the odd exception, I don't reply directly to either of them.
Suffers is warped and DB is trolling half the time, just not sure which half it is, probably the bottom.
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Surffers Posted on 14/02/2020 23:28
Sajid Javid resigns
Edited On: 14/02/2020 23:55
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Hackney you live in a bubble with the other London halfwits drinking crap expensive coffee wondering why your sad Labour Party has been dumped by the real working class while enjoying Mayor Khan's stabbing diversity.
Deluded fool , the cold war finished decades ago the only power who tried to influence British politics was the criminals in Brussels by supporting the Lib dims .

Only sheep follow sheep .
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dirtybollard Posted on 14/02/2020 23:50
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Teal neither you or Hackers have the intelligence to wind me up. Don't flatter yourself, there's a good boy.[rle]
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