I’m surprised there’s any more room for prices to rise at HMV, honestly
[deleted] on
[deleted]
MousseCareless3199 on
Of course, who knew that you can’t tax your way to economic growth? Price rises and job cuts should have been seen from a mile away with the NI increase on employers. It’s only going to slow economic growth.
Starting to think Mrs Reeves did actually tell a porky on her CV.
adorablecutiepink on
Lidl and HMV have warned that price increases and job cuts are likely in response to the UK budget. These changes could impact both consumers and employees as businesses adjust to the economic shifts.
Amazing_Battle3777 on
Reeves at the helm.
Growth through taxation, lmfao. Retail and Hospitality – I feel for anyone working in these industries.
The_Pixel_Knight on
Lidl already runs with a skeleton crew in most stores and makes bank. They’ll just stretch their staff and piss off customers.
friends_with_salad_ on
HMV is such a weird shop now – I went in last week to find a particular record (vinyl previously took up the entire front of the store) and had to wade through two thirds floor space of weird anime memorabilia to find a much-shrunken rack of music and the (huge and relatively recent) album wasn’t anywhere to be found.
In the words of Radiohead, ‘you do it to yourself, you do’.
Viktor_Heretik on
Lidl might have to cut one of the few skeleton staff they employ on less than full times hours as they only made £9.3 billion in revenue last year..
Spamgrenade on
Someone with a 50K salary is going to be costing an employer approx. £35 – £50 per year due to this increase.
amarrly on
Tax your way out of The Tories + Billionaires £50 Billion black hole (were is that money anyway??), or more austerity for the poorest in society. It only seems to be these two choices?.
grimmmlol on
Companies these days raise their prices if the weather changes.
Deal with the underlying issues. Sort energy prices while you’re at it. They screwing businesses over just as much as individuals.
Thousandthvisitor on
All reporting on corporations threatening to fire people should ALWAYS include their latest years profits
eg Tesco (£2.2bn in profits) say theyll have to fire people
radiant_0wl on
The Budget will result in lower pay for the qualified workers and job losses for those most vulnerable.
I don’t know why Reeves chose to go down this approach as it’s going to make them unelectable in five years when people walk into the ballot box feeling worse off under Labour.
I can see why they would reduce the threshold for national insurance contributions as some low paying employers would limit their offerings on hours to keep their tax cost low.
The increase to the headline rate should be removed and alternative funds found, such as through reducing tax relief on pensions or limiting ISA’s to £10k a year.
I do have sympathy for retailers as they have been decades in decline at this point and it’s an extremely tough operating environment.
VFiddly on
They were going to do that anyway, they just like having the excuse.
yes_its_my_alt on
Yay, labour!!
Boo, food and bourgeois records!!
Up the revolution!
But please kill me first.
TheObrien on
This is basically just code for “padding our profits” and whilst prices may go up it’s far from a certainty.
Lidl is proud to be the cheapest supermarket, and its interest competition with Aldi won’t be helped if they lift their prices.
These business are trying to frighten people who voted to self immolate with Brexit. A few pence more on a pint of milk compared to the £x.xxx price rises that already occurred – they can just shush.
16 Comments
I’m surprised there’s any more room for prices to rise at HMV, honestly
[deleted]
Of course, who knew that you can’t tax your way to economic growth? Price rises and job cuts should have been seen from a mile away with the NI increase on employers. It’s only going to slow economic growth.
Starting to think Mrs Reeves did actually tell a porky on her CV.
Lidl and HMV have warned that price increases and job cuts are likely in response to the UK budget. These changes could impact both consumers and employees as businesses adjust to the economic shifts.
Reeves at the helm.
Growth through taxation, lmfao. Retail and Hospitality – I feel for anyone working in these industries.
Lidl already runs with a skeleton crew in most stores and makes bank. They’ll just stretch their staff and piss off customers.
HMV is such a weird shop now – I went in last week to find a particular record (vinyl previously took up the entire front of the store) and had to wade through two thirds floor space of weird anime memorabilia to find a much-shrunken rack of music and the (huge and relatively recent) album wasn’t anywhere to be found.
In the words of Radiohead, ‘you do it to yourself, you do’.
Lidl might have to cut one of the few skeleton staff they employ on less than full times hours as they only made £9.3 billion in revenue last year..
Someone with a 50K salary is going to be costing an employer approx. £35 – £50 per year due to this increase.
Tax your way out of The Tories + Billionaires £50 Billion black hole (were is that money anyway??), or more austerity for the poorest in society. It only seems to be these two choices?.
Companies these days raise their prices if the weather changes.
Deal with the underlying issues. Sort energy prices while you’re at it. They screwing businesses over just as much as individuals.
All reporting on corporations threatening to fire people should ALWAYS include their latest years profits
eg Tesco (£2.2bn in profits) say theyll have to fire people
The Budget will result in lower pay for the qualified workers and job losses for those most vulnerable.
I don’t know why Reeves chose to go down this approach as it’s going to make them unelectable in five years when people walk into the ballot box feeling worse off under Labour.
I can see why they would reduce the threshold for national insurance contributions as some low paying employers would limit their offerings on hours to keep their tax cost low.
The increase to the headline rate should be removed and alternative funds found, such as through reducing tax relief on pensions or limiting ISA’s to £10k a year.
I do have sympathy for retailers as they have been decades in decline at this point and it’s an extremely tough operating environment.
They were going to do that anyway, they just like having the excuse.
Yay, labour!!
Boo, food and bourgeois records!!
Up the revolution!
But please kill me first.
This is basically just code for “padding our profits” and whilst prices may go up it’s far from a certainty.
Lidl is proud to be the cheapest supermarket, and its interest competition with Aldi won’t be helped if they lift their prices.
These business are trying to frighten people who voted to self immolate with Brexit. A few pence more on a pint of milk compared to the £x.xxx price rises that already occurred – they can just shush.