Member Info for Gate13Boy

Factory bosses are tearing up their spending plans in the wake of Rachel Reeves’s Budget as the Chancellor’s £40bn tax raid sends shockwaves through supply chains.

A closely watched survey showed manufacturing output shrank at the fastest pace in almost a year in November and job losses gathered pace. Economists warned there was no end in sight for the uncertainty facing the sector.

The S&P Global purchasing managers’ index (PMI) showed activity fell to a nine-month low of 48 last month. This is well below the 50 level that divides growth from contraction and worse than a preliminary estimate of 48.6.

“Announcements in the UK Budget had led to budgets being re-appraised at manufacturers and their clients alike,” the latest survey warned, adding that the outlook for 2025 was darkening amid a looming wave of higher employment costs.

Pessimism from factory bosses follows a string of warnings from corporate Britain about Ms Reeves’s maiden Budget.

The Institute of Directors warned that chief executives have been forced to slash pay rises, sack staff and raise prices to cope with the £25bn increase in National Insurance, sending business confidence to its lowest ebb since the first lockdown.

Are you pleased DCB, Liarloo, mick-b, stein, Antony etc ?

Https://news.sky.com/story/channel-crossings-under-starmer-hits-new-milestone-as-labour-vows-to-tackle-migration-13264404

Labour are blaming the weather 🤣

They do MV,

Funnily enough Rachel Thieves didn’t touch CGT on 2nd homes but raised stamp duty on anyone else buying a second home. I guess she was already in so decided to draw up the ladder for others. Champagne hypocrite socialist.

Indeed jcb,

Starmer and Reeves are sending the country down the plughole quicker than even the most pessimistic could imagine.

Does that include people who rant/ranted on about Brexit incessantly DCB ? You hold that record 🏆

The Motley Fool and STP are a marriage made in heaven.

Another broken pledge/lie by these charlatans. Even the most gullible who voted for this rabble must be scratching their heads at the litany of lies they were told by Starmer before the election.

Thanks TFE,

I notice he wouldn’t answer the question or say what he previously did. I can’t be bothered sifting through 25,000 posts of his left wing drivel to see if he’s ever said.

Labour are taxing everyone mick-b. Only stupid people can’t see that. The wealthy are already leaving the country. They’re not hanging around for your communism. What do you do for a living mick-b out of curiosity?

Unemployment rising.

Taxes rising

Mortgage rates rising

Business confidence plummeting

Starmer’s popularity plummeting

Growth plummeting

You must be proud 👍

The rich pay lots of tax mick-b. You just want wealth redistribution because you didn’t go out in the world and stake your claim. Now you and your ilk want to sponge off others that did. It’s called communism. You must be proud that Labour is wrecking everything so quickly.

SIR KEIR STARMER will “sideline” his flagship pledge to make the UK the fastest growing economy in the G7 this week when he unveils new targets to make British people richer.

The Prime Minister’s pre-election promise is already under threat, with the US economy growing twice as quickly as the UK and a tax-hiking Budget lowering medium-term forecasts.

This week, as part of a new Plan For Change, Sir Keir will reveal different economic targets aimed at improving living standards by the next general election.

The new approach comes amid nervousness among some Labour figures that becoming the fastest growing G7 economy is difficult to guarantee and beyond No 10’s control.

The Conservatives last night accused Sir Keir of “sidelining” the G7 pledge following his Budget, which raised taxes by £40 billion including a National Insurance hike, angering business leaders.

A Tory spokesman said: “Keir Starmer sidelining his pledge to have the fastest growth in the G7 is the direct and inevitable consequence of his disastrous Budget of broken promises.

“Labour said they wanted a missionled government, but after five disastrous months in Government and 17 relaunches they cannot even decide what those missions are. Keir Starmer said he wanted to build trust in politics but by sidelining his key election pledge he is breaching that very trust.”

These morons need removing from office ASAP.

HIGH street retailers have suffered their worst slump in sales since Covid, as fears over the economy hammer demand among shoppers.

Sales in November were down 5.8pc year-on-year, according to a new report from accountancy giant BDO, with customers spending less both online and in stores.

It marks the worst performance for the sector since January 2021, when retailers were battling the UK’s third national lockdown. Sophie Michael, head of retail and wholesale at BDO, said the results were “disastrous” for the industry, which is currently braced for a £7bn hit from the Budget following Rachel Reeves’s decision to raise employers’ National Insurance.

The latest decline was partially driven by Black Friday falling a week later this year compared to last year, although Ms Michael also raised concerns over household spending.

She said: “Concerns around increasing energy bills over the winter and homeowners remortgaging to more expensive deals compared to a few years ago despite the fall in interest rates since the start of the year.

“It is a perfect storm of events and uncertainty that has clearly resulted in consumers being more cautious with their spending.”

According to BDO, online sales were down 7.8pc last month compared to a year earlier, while in-store sales fell by 5.5pc. BDO said the fashion sector was performing particularly poorly with sales 8pc lower than last year.

And give it to the public sector to fund their final salary pensions and pay rises that come with zero productivity improvements. Labour are scum.

TFE,

Yes, been very disappointing . Dividend is reasonable but have hardly been a success.

Can’t believe that. Don’t donors have to be UK citizens ?

Why are my Greencoat UK wind shares performing so badly ? 10% down in them.

How is illegal immigration going under Labour DCB ?

Motor finance, Labour, house repossessions due to unemployment and higher mortgage costs. Best of luck. Dividend is good.

Has Liarloo gone for good ? Or can we expect a reincarnation a la DCB ?

Starmer must have a policy of promoting people above their previous level of incompetence. What a mess this government is making in such a short period of time.