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| Feeling stretched |
First Truss and now Trump. Is there something about politicians whose surnames begin with the letters TRU that makes them financial suicide bombers?
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| They've blown up the economy! |
Since Trump got into power, he’s sent more shockwaves round economies and stock markets than the recent earthquake in Myanmar. There’s no doubt that Rachel from Accounts will be blaming him for all the tax rises or other shenanigans that will unfold in October’s budget.
The Chancellor’s decision to raise employer NI contributions plus the minimum wage this month has truly put a whacking great spanner into our home refurbishment plans. To save the ailing public sector, the private sector is now desperately scrabbling around in a bid to save themselves from a slow lingering death as companies flip a coin to determine whether they’ll file for bankruptcy or just sack half the workforce.
Not only has our company played it’s ‘Hard Up’ card by not awarding any pay rises this year but it’s now pulled out a ‘Shit Street’ joker by asking all employees to take a pay cut. Voluntary reductions in contractual hours to stave off compulsory redundancies and to ensure it can meet the Government’s new corporate obligations.
The Chancellor’s decision to raise employer NI contributions plus the minimum wage this month has truly put a whacking great spanner into our home refurbishment plans. To save the ailing public sector, the private sector is now desperately scrabbling around in a bid to save themselves from a slow lingering death as companies flip a coin to determine whether they’ll file for bankruptcy or just sack half the workforce.
Not only has our company played it’s ‘Hard Up’ card by not awarding any pay rises this year but it’s now pulled out a ‘Shit Street’ joker by asking all employees to take a pay cut. Voluntary reductions in contractual hours to stave off compulsory redundancies and to ensure it can meet the Government’s new corporate obligations.
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| This card trumps all the others |
Surprised? No not really. We’ve been here before many a time. I can recall at least 3 previous decades where due to recessions, economic mismanagement or calamities such as the 2008 credit crunch resulted in massive job losses, austerity measures being imposed or tax hikes (stealthy and non-stealthy).
Money is tight. I’ve no need to mention that as I’m sure everyone’s feeling the pinch but when you’ve hit that point where there’s no more give in the knicker elastic then what?
Not realising that this latest axe was about to fall, I’d fortunately gone out and purchased all the ingredients for the next phase in our Great British DIY Bake Off – the self-levelling compound cake.
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| What you need to level up your agenda |
Having ripped out ye olde worlde stuck down vinyl flooring in the downstairs toilet, we were left with a very uneven surface totally unsuitable for new flooring to be laid. Desperate times call for desperate measures so time to learn a new skill – the art of floor levelling. More about that later.
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| Flooring ripped out - not a pretty sight |
All the gear but no idea – yep that’s us but at least we’re willing to try new things. Keeping busy is all you can do in hard times such as these.
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