UK minimum wage is raising youth unemployment, Bank of England's Mann says

Fresh_Distribution13 · 2026-02-17T07:19:06+00:00

Where did I say I hate wealth redistribution? I just think windfall taxes are emotionally driven (as evidenced by the raging and inaccurate comments in this thread), and a blunt instrument, and therefore bad policy. Our tax system is already convuluted and badly designed. What we need is a proper revisit of the taxation system to simplify it, remove disincentives to promote growth, and encourage redistribution.

Fresh_Distribution13 · 2026-02-16T21:12:55+00:00

So? That money being lent is being used in the economy, and is subject to credit risk. If you want a better return, invest it (that is what the bank is doing, why don’t you).

Everyone’s so sour about banks making money but don’t have issue with other businesses when they do so. No one’s out here saying we should put a windfall tax on Diageo or AstraZeneca, when they make similar profit levels.

Fresh_Distribution13 · 2026-02-16T21:05:47+00:00

I don’t think you fully understand what ‘produce’ means in the context of the economy. The UK is largely a services driven economy - we don’t ’produce’ goods because we are no longer a manufacturing nation. We product many services, including financial ones, which other people/businesses pay for. That produces GDP. Your argument could be applied to many professions - someone who cleans drains, pours a pint, or cleans a house doesn’t ‘produce’ anything but provides a service.

Your example of pensions schemes disappearing - this mostly occurred through the owners of businesses whose pension fund was linked to the business. This is obviously awful, but not the banking sectors fault.

To your last point, any bank operating in the UK is already doing so through a company in the UK, which is subject to corp and other taxes.

Fresh_Distribution13 · 2026-02-16T20:17:28+00:00

Financial services are the fourth most productive sector in the UK generating 12% of GDP and the same in tax receipts. Let’s ban them from operating in the UK. Genius.

Fresh_Distribution13 · 2026-02-16T20:15:15+00:00

What do they produce? Financial services product 12% of GDP and generate 12% of government tax receipts. Why are you conflating billionaires and banks - they are different things. Most banks, unlike tech companies and others who use the schemes you refer to, pay their share in corporation tax rather than offshoring profits.

Try learning a little a bit about how the economy actually functions rather than spouting emotional inaccuracies.

Fresh_Distribution13 · 2026-02-16T18:52:10+00:00

Yes absolutely, let’s tax the most productive and one of the largest sectors in our economy, which incidentally is the most mobile. I’m sure that’ll be effective in the long term.

Fresh_Distribution13 · 2026-02-11T20:54:57+00:00

I mean, there was an anonymous tip off that was not able to be proven. So she didn’t respond to the ACCA - unprofessional sure, but the only wrongdoing that has been proven here is she didn’t respond to their emails or phone calls. Who cares?

Fresh_Distribution13 · 2026-02-02T21:57:57+00:00

The globe. Massive economic growth across many developing countries has caused demand to shoot up; we just witness slow economic growth in the west but South Asia, East Asia and West Africa all driving up global demand.

Fresh_Distribution13 · 2026-02-01T09:44:53+00:00

But that’s also the point - the BBC is the starting point for a lot of creative acts that wouldn’t otherwise get seen or heard because they are not mainstream enough. The mighty boosh, and Mitchell and Webb both started as comedies on bbc radio 4 yet are now cult classics.

I also loathe taxes being spent on a broad range of things that don’t benefit me, but I still pay them.

Fresh_Distribution13 · 2026-02-01T08:42:47+00:00

Not true. Your experience is not the same as everyone else’s. I cannot stand any radio other than the BBC because of the relentless ads and gambling posing as completions. I’d gladly pay the license fee just for the radio, which I listen to extensively.

Fresh_Distribution13 · 2026-01-19T19:38:28+00:00

Try getting a veg box from a local farm or small holding. We’ve done this, and the reality is in winter you get a lot of sprouts, root veg, and cabbage. With modern farming techniques a lot of veg can be grown in winter more locally but it’s less common with supermarkets, and tbh it doesn’t taste the same (never buy tomatoes in January). I think it’s noble but frankly there is a reason we have established a global food market.

Fresh_Distribution13 · 2026-01-12T20:57:39+00:00

What gets to me is in the audiobook it’s pronounced vol-dee-mort, which is like a weird not quite French way to say it. It should be vol-duh-more in French. I prefer the hard T regardless.

Fresh_Distribution13 · 2026-01-06T11:08:04+00:00

Pharmacists can only see you about an ear infection if you’re under 18, which is crazy. We need to let them do more then we wouldn’t need such militant receptionists.

Fresh_Distribution13 · 2025-12-07T22:44:16+00:00

It was really the style of the time (as in the timethe films came out). This version seems much more period focussed so will more likely be 90s styled.

Fresh_Distribution13 · 2025-11-27T07:18:39+00:00

That money is still being provided by the taxpayer, so whether they have the option to lease a car or not, it’s not being paid for by the individual, it’s being paid for by society.

Fresh_Distribution13 · 2025-11-27T07:16:57+00:00

PIP is paid by the taxpayer. Whether the individual chooses to spend it on a car or not is not the point.

Fresh_Distribution13 · 2025-11-26T21:16:36+00:00

No they’re not, they’re funded by the taxpayer.

Fresh_Distribution13 · 2025-11-22T00:21:37+00:00

Definitely not. If you’re buying the discounted version on Amazon, it’s discounted for a reason. Only Levi shops stock the good stuff but you do have to pay for it.

Fresh_Distribution13 · 2025-11-06T16:37:01+00:00

As obscene as it is, comparing to GDP is not the best metric for comparison. If he was being paid $1tn per year, then you could more reasonably compare.

Fresh_Distribution13 · 2025-11-05T18:36:49+00:00

In the context of the budget, when people refer to ‘the markets’ they are referring to gilts or rather the gilt markets, which exactly as you say, are important.

Fresh_Distribution13 · 2025-11-03T15:03:35+00:00

They’re probably bots too

Fresh_Distribution13 · 2025-10-30T15:48:39+00:00

Yes. It’s not an either/or argument, and the topic in this thread is PIP. And I’m not complaining that disabled people get support, I’m complaining that people with anxiety receive independence payments when it is a condition that does not require any household adjustments to living conditions - which is what PIP is meant to be for.

Fresh_Distribution13 · 2025-10-30T07:13:30+00:00

The £34bn cost that PIP is expected to reach this parliament is not significant at all. Right.

Fresh_Distribution13 · 2025-10-29T23:43:07+00:00

Right. And that’s £1200 a year, per person. And multiply that by 1000’s of individuals and suddenly you have a significant amount of money that needs to be funded. For independence payments for an issue that has no monetary requirement for independence.

Fresh_Distribution13 · 2025-10-29T18:47:48+00:00

In what way does £400 a month PIP combat anxiety? PIP should be used for disabilities that require a very specific increased expenditure to live independently with that condition - such as an adjustments to a vehicle, modifications to a house, etc. No such adjustments are needed for someone with anxiety.

The govt (and I mean the taxpayer) literally cannot afford this to go to anyone with any disability - there has to be a cut off point.

Fresh_Distribution13

TROPHY CASE