Gransnet forums

News & politics

Sunak has decided to help out certain industries - at last.

(85 Posts)
Germanshepherdsmum Tue 21-Dec-21 18:30:13

I worked bloody hard for my assets. As did my husband and my parents. I think OP is John McDonnell who regarded anyone with anything to leave to their children as wealthy.

growstuff Tue 21-Dec-21 17:41:01

PPS. That's why I wrote "of all ages".

growstuff Tue 21-Dec-21 17:40:17

I have experience of upsetting GNers. hmm (and frankly I don't give a damn)

I include those who have "wealth" (ie assets) who don't work for them (and in some cases never have).

The latest changes to National Insurance Contributions (which is just another form of tax) will affect all those who are employed or self-employed, but not those who have income from assets.

Generally, the wealthiest people in the UK don't work, which is something people sometimes forget when there are discussions about rich and poor.

PS. I was giving a definition of "the wealthy unemployed" in response to a question.

MaizieD Tue 21-Dec-21 16:17:30

growstuff

Germanshepherdsmum

Who do you mean by ‘the wealthy unemployed’?

The "wealthy unemployed" are those of all ages with assets (including shares and property) who don't work for a living and won't have to pay increased National Insurance Contributions.

Do you confine that to people of working age (i.e not OAPs) or do you include everyone in your definition.

('cos if it's the second you're going to upset a lot of Gnetters hmm )

GrannyGravy13 Tue 21-Dec-21 16:11:43

Yep…

Germanshepherdsmum Tue 21-Dec-21 16:05:15

Well I own a property and shares and I have savings…

Pantglas2 Tue 21-Dec-21 16:04:11

Gosh ... that’s me!

growstuff Tue 21-Dec-21 16:00:02

Germanshepherdsmum

Who do you mean by ‘the wealthy unemployed’?

The "wealthy unemployed" are those of all ages with assets (including shares and property) who don't work for a living and won't have to pay increased National Insurance Contributions.

Germanshepherdsmum Tue 21-Dec-21 15:00:38

Who do you mean by ‘the wealthy unemployed’?

Dinahmo Tue 21-Dec-21 14:41:16

The hospitality industry is suffering badly once again through no fault of its own. Restaurant and pub bookings are being cancelled at a rate of knots because people are worried about socialising in the present circumstances. Not knowing exactly what will happen with Omicron. This industry will share £1bn financial support.

It's not just hospitality, it's also theatres and cinemas who are seeing a smaller footfall plus nightclubs and the travel industry. There are many tour guides who have had very little work since 2019. These businesses are not being helped at the moment.

Unfortunately there was a lot of fraud during the period of the first handouts. Many businesses applied for the bounce back loans and used them to fund personal spending, knowing full well that these were being backed by the govt. This of course, is in addition to the billions wasted in handouts to cronies for tests and tracing etc.

At the same time, as we have seen from GNers, many self employed did not qualify for any financial help. Come April, the employed will be facing increased NI contributions whilst the wealthy unemployed are not facing any tax increases at the moment.