Great to join the protest in Leeds against the proposed new AI data centre.
There's huge concerns about the impact of these centres on the environment, infrastructure and people's lives.
I've tabled a Parliamentary Motion calling for a national moratorium on new AI data centres.
Of course the brilliant men and women across the country who run small businesses are working people - they are the backbone of our high streets and our economy.
@rorysutherland And this is why the country is heading for an economic catastrophe because the "middle class" can no longer afford to consume what those on minimum wage produce because the cost of production is far too high. Hope to see you next time you're in the Ogilvy office 🙏
@Finumus1 This is not about the individual. It’s about said pension funds then buying index linked government debt to hedge inflation. Government hoping this brings the premium down to lower government borrowing costs. More demand, less premium gov has to pay for funds to buy it 👍
@GayTory You are absolutely spot on with this being a buyer for government index linked debt. Since final salary pensions ended, the market for said debt has dropped, leading to the government having to offer high premiums to bring in buyers. They’re hoping this lowers there premiums 😂
I’d advise everyone who runs a small to medium size business in the country to come together and stop working for a day.
Shut the doors for 24 hours as a country. Show them how much work and tax that goes missing. Ignorance beyond belief
'I don't think employers are working people.'
@CamillaTominey grills Chief Secretary to the Treasury, Emma Reynolds MP, over whether Labour has breached its manifesto pledge in the Budget.
📺 Freeview 236, Sky 512, Virgin 604
@SamCKx Ok but hear me out, for that job you’re being paid £126k for in the UK that same job could be $250-300k in New York / LA / SF. We’re not even remotely close to them 😂
If those 11,000 jobs were all on minimum wage, then the rise in the budget just added between £15-17m in costs overnight just on the wage, never mind the pension, the NICs, the other taxes etc. When will they learn ….
@TomBrown The treasury consultation reckons only 260 people a year are actually going to benefit from this, but rinsing another £500k off BADR will impact the retirement of thousands - but that's what they want, keep that hamster wheel turning for another few years
@KanishkaNarayan Kanishka, the treasury has admitted it only expects about 260 people a year to benefit from this, but reducing BADR will likely impact thousands and destroy retirements, or is that the plan to have people work for longer to pay more tax?
@GavinDa83072875 Then she should immediately start a consultancy, use her recent employer as a case study and then go and do this for other businesses. Eat or be eaten
@SebJohnsonUK They are offering these salaries because they want the very best. Claude will shadow everything they do, and will learn from the very best. It will understand more context than any £50k a year person will give it and will then go on to replace those people en masse. Watch 👀
@Penniaa5@darrenpjones The Europeans managed to build a messaging services which is more universally hated than “Teams”. That’s quite the achievement 😂 Europe produces more revenue fining American companies than they do producing their own winners
@darrenpjones But what about the productivity gains.. yesterday I achieved in a day what would have previously taken me weeks to achieve. But off the back of that the UK wants to tax me to death - guess where I’m moving to?
@darrenpjones That would have been useful when you were basically the right hand man to the PM. You’ve now realised that the US has the models. The profits and cost savings will go to the US. The UK can’t tax those profits and can’t tax those who lose their jobs here either….. we’re done.
@DanNeidle Could this actually be the desired impact? Treasury running out of money in the short term, people who may have held out, decided they should sell now to avoid a bigger tax later, which has essentially done its job? Aim wasn't to get higher tax later, it was to get more tax now?
@CannyJimKenny@DPJHodges@bbclaurak So you the country needs to decide. Would it rather be fair, but poor. Or slightly unfair but richer. Also when we talk about fairness, fairness would be everyone pays 30% of everything they earn. But yet if i earn between £100-125k i pay 62%. How is that "Fair"?
@CannyJimKenny@DPJHodges@bbclaurak You need to see tax as a positive impact game, not a fairness game. Tax is about growing the pie so everyone can benefit. Is it fair that the rich can pay less tax than a nurse - no. Does it increase the overall pie so everyone can benefit? Often yes?