Tag Archives: Spandau Ballet

The self-employment deception will leave Osborne wrong-footed over tax returns

Not the whole story: But it seems unemployed people claiming they are self-employed may still be part of it.

Not the whole story: But it seems unemployed people claiming they are self-employed may still be part of it. [Image: Ros Asquith in The Guardian]

It seems a surge in the number of people who say they are self-employed is not (solely) due to a DWP wheeze that gets people off the unemployment statistics after all.

Instead, Flip Chart Fairy Tales warns that a lot of people are staying in self-employment rather than becoming employees again or retiring.

This suggests that either they have not been able to reach their target in terms of pensions, or there are no jobs available for people of their particular expertise or experience. The latter seems likely to Yr Obdt Srvt, who is currently trying to make Vox Political a workable concern in order to make a buck or two.

FCFT warns that “this is old-timers seeing their business shrink, rather than newbies trying to find their feet, under-charging and messing things up”.

The figures also show an increase in the number of self-employed tax credit claimants, lending credence to Vox Political‘s long-held belief that Job Centre Plus advisors have been telling jobseekers to pretend they are self-employed in order to get them off the books – let’s not write off that idea too quickly.

And a steady rise in non-VAT-paying businesses not only tells us “a lot of low-profit and low-turnover businesses are hanging on in there, or a lot more of them have become low-profit and low-turnover businesses since 2008”, it tells us that George Osborne will have a nasty surprise in January, when their tax returns come in.

If they are not paying VAT, they are not clearing the earnings threshold that would make such payments necessary. This mitigates against their earnings having increased significantly since the disasters of 2008-2012, when self-employed earnings fell by £8 billion.

So it seems our dancing Chancellor (see yesterday’s post) will find that either the music stops or the tune will change significantly…

Less ‘Gold’ by Spandau Ballet; more ‘I Don’t Need This Pressure On’.

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Tories and Lib Dems engineer fastest fall in wages since Victorian times

Damning: The graph by the House of Commons Library, showing how earnings have plummeted since Cameron's Coa-lamity government came into office.

Damning: The graph by the House of Commons Library, showing how earnings have plummeted since Cameron’s Coa-lamity government came into office.

David Cameron must be so proud. He wanted a return to the Victorian era and that is exactly what he has achieved.

Wages have nosedived, meaning the gap between the richest and poorest is larger than it has ever been; we already know that diseases once thought long-gone are stalking our streets once again while the National Health Service has been bled to the point of death; and the welfare state is in critical condition, with people who have paid into the system all their lives bullied out of claiming benefits when they are needed and sent back to die in their homes.

This is David Cameron’s brave new Britain.

The figures on wages are the latest blow against the public-relations Prime Minister’s credibility – they come from the respected House of Commons Library.

The graph (above) uses figures from the Office for National Statistics, the Bank of England and forecasts from Coalition poodles the Office for Budget Responsibility.

It shows that real earnings are expected to have fallen by 2.3 per cent between 2010 and 2015 – the first fall since 1922-3 when wages fell by 1.8 per cent – and the largest since 1874-80, under Conservative Prime Minister Benjamin Disraeli, when they fell by 2.6 per cent.

Firm figures for 2010-13, from the ONS, paint an even worse picture – they show a 4.6 per cent drop during the three-year period.

So, Dear Reader, if you have been doubting Labour’s claim that wages have dropped by £1,600 per year, in real terms, since the Tories and the Liberal Democrats sidled into office, doubt no more!

This factual evidence has thrown into chaos Conservative claims that the UK has returned to prosperity because our Gross Domestic Product has finally exceeded its pre-financial-crisis peak.

Vox Political was right to say GDP might be up 3.1 per cent on last year but it has nothing to do with most of the population.

What is our part-time Chancellor going to do about it? He’s done quite a lot of nose-diving himself and, considering what he has managed from his office…

osborne-spandauballet-dominatrixflat

Let’s hope the song isn’t ‘Gold’, because the irony would be too much to bear.

George Osborne might as well go back to prancing around a prostitute’s boudoir to a soundtrack by Spandau Ballet.

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