Didn’t he push for Brexit and then when we got it he promptly moved his business to Singapore. That just about sums up the con of Brexit. It’s like the owner of the Daily Mail, he is a tax exile in Monaco but helps put everyone else in this mess
He wanted to build a new factory in Malmesbury where his business was already based, the local authority refused to give him planning permission on land that was later turned into a housing estate! He moved to Singapore (who made him welcome) long before brexit.
The backbone of German Industry is its Mittelstand companies which are overwhelmingly multi-generational family owned businesses. If you were hoping for industrial growth, it might seem like a sector to encourage, not tax to death.
Sadly struggling.mightily. many engineering based and loss of cheap energy/closure of.nuclear.etc means my contacts are stsrting to close. As.you say, backbone businesses for their erstwhile mercantilist strategy.
What that idiot from the IFS does not realise that is that big business does not pay IHT. This policy only affects family owned business. All large businesses owned by PE firms etc don’t pay IHT. Let’s get all companies to pay IHT every 60 years to make it fair.
Mullins may be a muppet and Dyson may be a capitalist bastard, but the reason they are voicing concerns is because us the poor plebs aren’t able too. This is serious stuff people. No farmers no food.
Paul Johnson quotes the treasury figures re farming families being caught by change in the rules for IHT at 25% while DEFRA say it's more like 66%. Knowing my own situation and many of my neighbours the DEFRA figure is far more realistic and it is disappointing to hear Mr Johnson dismiss even the 25% as irrelevant for any sympathy ... would he regard the far more realistic figure of 66% with any more sympathy? I would like to add I have little time for Dyson and his ilk in regard to using farmland to hide from tax, he has increased the farmland values locally through his land purchases by at least 40% which to a working farmer looking to build business of a sustainable size, to pass on to a keen son almost impossible and now to rub salt on the wounds what I have struggled for will lump him with a tax burden. I'm hoping land values fall like a stone as that would make the bite from this tax a lot less painful. If the tax was based on the earning potential of the land it would be far more palatable. Paying tax is both a duty and a privilege but it should not destroy the very entity it seeks to gain from.
Surprised and disappointed that there hasn't been more coverage of how this budget will dramatically increase taxation on those workers on temporary contracts paid through umbrella companies. The workers themselves will have to pay the full amount of the increase in employer national insurance as this is taken off the headline daily/weekly rate they receive from the employing company. They won't qualify for the small business exceptions as the umbrella company obviously has more than a handful of clients. These aren't just people on high thousands-per-week contracts. It includes many people at or below average salaries who work in administrative, retail, service and care sector roles. Are they all now expected to start limited companies so that they aren't punished by this 'no tax rise for working people' ill-conceived money grab on work?
How can someone who is worth many billions make such a self centred comment. ? It is all about what is in his pocket he had already outsourced work to avoid u.k wages, which he can clearly afford. Surely at his age and his wealth then he should support the country that made him. Greedy piggy comes to mind. I was earning more in the 90s than i do now and i'm still doing the same job. The companies all want cheap foreign labour but we never needed to outsource as so many came here on boats .Pay was fair when i was younger my wages let me party for 15-20 years now i buy the cheap bogroll and dyson wipes his ass with 24k leaf. It makes me rage that the more money someone has the greedier they become. I would personally appreciate the wealth in the correct manner, by helping others and if that was higher wages at no extra income for myself then that would be fine . I would only be paranoid with that wealth i couldnt look at the suffering and just think , yeah thats ok, because it is not. Delusions of grandeur is not a attractive trait i think he forgets he is a human. To many blow jobs from henry hoover and now he wants to treat everyone like a bitch.
James Dyson is doing amazing work with Dyson Farms in creating sustainable farming systems for the future. I wouldn't blame the bloke for giving up entirely on the UK as far as business innovation and growth is concerned. And how wonderfully researched by Labour was the National Insurance hikes for doctors and care homes. They're as bad as the last lot as far as competence, honesty and integrity goes.
Dyson still does R&D in the UK. Most big manufacturing moves to Asia, it's where most of the supply chain is. You can buy a British made washing machine if you like with a Union Jack sticker on it, but all the electronics in it are made in South Korea and China
A man who moved his businesses abroad and a man who lives in Spain, wow so patriotic.
Didn’t he push for Brexit and then when we got it he promptly moved his business to Singapore. That just about sums up the con of Brexit. It’s like the owner of the Daily Mail, he is a tax exile in Monaco but helps put everyone else in this mess
The EU is in great shape. Isn't it?
He wanted to build a new factory in Malmesbury where his business was already based, the local authority refused to give him planning permission on land that was later turned into a housing estate! He moved to Singapore (who made him welcome) long before brexit.
The backbone of German Industry is its Mittelstand companies which are overwhelmingly multi-generational family owned businesses. If you were hoping for industrial growth, it might seem like a sector to encourage, not tax to death.
Sadly struggling.mightily. many engineering based and loss of cheap energy/closure of.nuclear.etc means my contacts are stsrting to close. As.you say, backbone businesses for their erstwhile mercantilist strategy.
What that idiot from the IFS does not realise that is that big business does not pay IHT. This policy only affects family owned business. All large businesses owned by PE firms etc don’t pay IHT. Let’s get all companies to pay IHT every 60 years to make it fair.
How is anyone taking anything Charlie Mullins says when he looks like a knock off Rod Stewart doll?
Id also say he bares a slight resemblance to barry manilow
He's beginning to look like a parody of himself.
Dyson and Mullins will have to fight over the smallest violin in the world. What a pair of patriots!
There's a good reason why dyson bought so much land, and it's only partly because he's interested in farming. That reason is now being removed.
I thought mullins had emmigrated to Europe after campaigning for brexit.
Mullins supported remain and funded the Lib Dems in their stay in campaign.
Mullins may be a muppet and Dyson may be a capitalist bastard, but the reason they are voicing concerns is because us the poor plebs aren’t able too. This is serious stuff people. No farmers no food.
They're not whingeing about that, it's a Red Herring. They're whingeing about the closure of a nice little tax fiddle dressed up as something else.
Paul Johnson quotes the treasury figures re farming families being caught by change in the rules for IHT at 25% while DEFRA say it's more like 66%. Knowing my own situation and many of my neighbours the DEFRA figure is far more realistic and it is disappointing to hear Mr Johnson dismiss even the 25% as irrelevant for any sympathy ... would he regard the far more realistic figure of 66% with any more sympathy?
I would like to add I have little time for Dyson and his ilk in regard to using farmland to hide from tax, he has increased the farmland values locally through his land purchases by at least 40% which to a working farmer looking to build business of a sustainable size, to pass on to a keen son almost impossible and now to rub salt on the wounds what I have struggled for will lump him with a tax burden. I'm hoping land values fall like a stone as that would make the bite from this tax a lot less painful. If the tax was based on the earning potential of the land it would be far more palatable. Paying tax is both a duty and a privilege but it should not destroy the very entity it seeks to gain from.
Surprised and disappointed that there hasn't been more coverage of how this budget will dramatically increase taxation on those workers on temporary contracts paid through umbrella companies. The workers themselves will have to pay the full amount of the increase in employer national insurance as this is taken off the headline daily/weekly rate they receive from the employing company. They won't qualify for the small business exceptions as the umbrella company obviously has more than a handful of clients. These aren't just people on high thousands-per-week contracts. It includes many people at or below average salaries who work in administrative, retail, service and care sector roles. Are they all now expected to start limited companies so that they aren't punished by this 'no tax rise for working people' ill-conceived money grab on work?
The next step should be to get rid of Stamp Duty and bring in Capital gains tax on houses
The right people are bleating.
Why do we still have to compare ourselves to other countries in Europe. We should do what we think best for this country.
Because that's literally the way we have any measure of how we're doing compared to similar sized economies.
How can someone who is worth many billions make such a self centred comment. ? It is all about what is in his pocket he had already outsourced work to avoid u.k wages, which he can clearly afford. Surely at his age and his wealth then he should support the country that made him. Greedy piggy comes to mind. I was earning more in the 90s than i do now and i'm still doing the same job. The companies all want cheap foreign labour but we never needed to outsource as so many came here on boats .Pay was fair when i was younger my wages let me party for 15-20 years now i buy the cheap bogroll and dyson wipes his ass with 24k leaf. It makes me rage that the more money someone has the greedier they become. I would personally appreciate the wealth in the correct manner, by helping others and if that was higher wages at no extra income for myself then that would be fine . I would only be paranoid with that wealth i couldnt look at the suffering and just think , yeah thats ok, because it is not. Delusions of grandeur is not a attractive trait i think he forgets he is a human. To many blow jobs from henry hoover and now he wants to treat everyone like a bitch.
Is Charlie Mullins a puppet?
It will kill family farming and you know it will.
The sound of millionaires whining is tiresome and sickening.
Budget for unemployment and recession
Unemployment? Not likely, there are *still* plenty of vacancies and shortages of labour in numerous fields.
James Dyson is doing amazing work with Dyson Farms in creating sustainable farming systems for the future. I wouldn't blame the bloke for giving up entirely on the UK as far as business innovation and growth is concerned. And how wonderfully researched by Labour was the National Insurance hikes for doctors and care homes. They're as bad as the last lot as far as competence, honesty and integrity goes.
Well Dyson you deserve it you pulled your products from Britain to another country for building its time you gave your country something back 😊
Dyson still does R&D in the UK. Most big manufacturing moves to Asia, it's where most of the supply chain is. You can buy a British made washing machine if you like with a Union Jack sticker on it, but all the electronics in it are made in South Korea and China