truss

[BillyStubbsTears]

No windfall taxes on the gas producers.

Big NI cuts for the highest earners.

Removal of limits on bankers' bonuses.

Anyone see a theme emerging here?

Tories gonna Tory eventually. Even the ones who got elected by convincing working class northerns they were on your side.

[drfchound]

Could any of the above encourage companies to bring their businesses to the UK.

[BillyStubbsTears]

Well. Good to know that after we've just got rid of an amoral, lying lawbreaker from No10, we have a new broom that is going to swe...

Hang on.

https://mobile.twitter.com/Gabriel_Pogrund/status/1571183835609534466

[tommy toes]

Yeah and threatening the EU with bayonets eh?
Nothing surprises me with this lot.

[drfchound]

Is the opposition any better though ?

Quote by albie:
Off Topic / Re: Will Starmer be "fine" or "fined" ?
« on: Today at 07:41:46 pm »
I see Keith is not allowing even a discussion of public ownership at Labour conference;
https://labourlist.org/2022/09/anger-from-labour-activists-as-public-ownership-conference-motion-blocked/

Here is what he said to Andrew Neil previously;
https://twitter.com/SaulStaniforth/status/1571138352774279169?cxt=HHwWgsDTob6A580rAAAA

He is just a brylcremed Boris, a habitual liar!

[SydneyRover]

No windfall taxes on the gas producers.

Big NI cuts for the highest earners.

Removal of limits on bankers' bonuses.

Anyone see a theme emerging here?

Tories gonna Tory eventually. Even the ones who got elected by convincing working class northerns they were on your side.

''The cap was introduced by the EU after the 2007-08 financial crisis. It was part of a set of regulations known as the Capital Requirements Directive that were meant to force the financial sector to insure itself against the kind of weaknesses that led to the crash and a raft of taxpayer bailouts.

The package, which came into force in 2014, included a rule that capped banker bonuses at two times their annual salaries. It covered bonuses in the form of both cash and shares''

https://www.theguardian.com/business/2022/sep/15/what-is-the-banker-bonus-cap-and-could-scrapping-it-boost-growth

[wilts rover]

'No idea who this is. Some minor royal or local dignitary'

https://twitter.com/PoliticsJOE_UK/status/1571855171713662976

[Panda]

First things's first eh Liz?

The Queen's unnecessarily elongated funeral is now over and so she jets off to New York (net zero Liz?) and bungs the Ukrainians a load more cash.

Meanwhile, disabled Britons are still waiting for their huge £150 help from the Governement.

As you were then.

[big fat yorkshire pudding]

First things's first eh Liz?

The Queen's unnecessarily elongated funeral is now over and so she jets off to New York (net zero Liz?) and bungs the Ukrainians a load more cash.

Meanwhile, disabled Britons are still waiting for their huge £150 help from the Governement.

As you were then.

Indeed, she should certainly avoid the united nations general conference.....

[tyke1962]

Dizzy Lizzy saying today she's prepared to be unpopular in order to grow the economy .

Which suggests at some point she was popular , she isn't nor ever was , 70% of her own Party don't like her .

The Tory membership only voted for her because she isn't  brown .

[Donnywolf]

... but then she appoints Kwarteng Braverman Cleverley and Badenoch is it so they got nowt

[SydneyRover]

If bankers bonuses are being boosted to drive growth then bonuses for everyone would drive productivity even more so.

[SydneyRover]

Yet another big idea from the tory thought bubble production unit will be heading for the shredder.

Levelling Up is so yesterday.

''The United Kingdom is an unparalleled success story – a multi-cultural,
multi-national, multi-ethnic state with the world’s best broadcaster; a vibrantly
creative arts sector; a National Health Service which guarantees care for every
citizen; charities and voluntary groups which perform a million acts of kindness
daily; globally renowned scientists extending the boundaries of knowledge
every year; entrepreneurs developing the products and services which bring
joy and jobs to so many; and millions of citizens whose kindness and
compassion has been so powerfully displayed during the COVID-19 pandemic''

This is the best bit.

''But not everyone shares equally in the UK’s success. While talent is spread equally
across our country, opportunity is not. Levelling up is a mission to challenge, and
change, that unfairness. Levelling up means giving everyone the opportunity to
flourish. It means people everywhere living longer and more fulfilling lives, and
benefitting from sustained rises in living standards and well-being''

https://assets.publishing.service.gov.uk/government/uploads/system/uploads/attachment_data/file/1095544/Executive_Summary.pdf

[big fat yorkshire pudding]

If bankers bonuses are being boosted to drive growth then bonuses for everyone would drive productivity even more so.

Most do get some form of bonus, many don't achieve it.....

[i_ateallthepies]

BFYP, can you evidence that 'most' do get some form of bonus?  Do you count receiving National Minimum Wage as 'bonus'?  The vast majority of working people receive no bonuses at all.

[SydneyRover]

Unbelievable pud! ''most don't achieve it'' sounds like something straight out of 'how the tories hate the working classes' playbook

[big fat yorkshire pudding]

Unbelievable pud! ''most don't achieve it'' sounds like something straight out of 'how the tories hate the working classes' playbook

Bonuses stem throughout a business at all levels usually in my experience.  They should be used to reward success not failure.  I'm of a believer that they should match someone's actual job though.  Bonuses have gone through all levels in the companies I've worked for, usually proportionately the middle earners are the ones that lose out most with the high and low earners getting the better % bonuses, but that will vary company to company.  Benefits in my company are pretty good so clearly I can't speak for all.

 I do think all staff should get rewarded for performance much more than they do actually.  You would say it's hating workers I'd say it's actually about rewarding them to a much greater element where it's due.  There's tonnes of metrics you could apply to bonuses dependent on scenarios etc.

BFYP, can you evidence that 'most' do get some form of bonus?  Do you count receiving National Minimum Wage as 'bonus'?  The vast majority of working people receive no bonuses at all.

Three of the 4 businesses I've worked for use them.  7% of all salaries paid in the UK are bonuses, interesting stat that.

[SydneyRover]

For me everyone gets bonuses or noone gets them, if and when they do the whole staff gets them as a percentage of their salary (the same %) from the CEO to the cleaners.

[i_ateallthepies]

Unbelievable pud! ''most don't achieve it'' sounds like something straight out of 'how the tories hate the working classes' playbook

Bonuses stem throughout a business at all levels usually in my experience.  They should be used to reward success not failure.  I'm of a believer that they should match someone's actual job though.  Bonuses have gone through all levels in the companies I've worked for, usually proportionately the middle earners are the ones that lose out most with the high and low earners getting the better % bonuses, but that will vary company to company.  Benefits in my company are pretty good so clearly I can't speak for all.

 I do think all staff should get rewarded for performance much more than they do actually.  You would say it's hating workers I'd say it's actually about rewarding them to a much greater element where it's due.  There's tonnes of metrics you could apply to bonuses dependent on scenarios etc.

BFYP, can you evidence that 'most' do get some form of bonus?  Do you count receiving National Minimum Wage as 'bonus'?  The vast majority of working people receive no bonuses at all.

Three of the 4 businesses I've worked for use them.  7% of all salaries paid in the UK are bonuses, interesting stat that.

I worked in manufacturing industry for my whole working life at seven different companies four of them Global entities, firstly at the production end and then in management.  Not one of them paid bonuses to anyone at or near the 'sharp end' of the company structure.  Your assumption based on your own career experience is way off the mark.

[danumdon]

For me everyone gets bonuses or noone gets them, if and when they do the whole staff gets them as a percentage of their salary (the same %) from the CEO to the cleaners.

Unbelievably backward and inverse thinking, similar to rewarding every kid at the school sports day for "participating" no losers here mentality.
If you have ever been in or ran a business you would appreciate that you require individuals to step up and do above and beyond to achieve a profitable and successful company, otherwise what is the point.

Bonuses are to be paid for performance that has been above and beyond the required level that the individual is expected top perform at. If he achieves his required level of competence then he is getting a wage or salary for that effort. If he achieves above and beyond then he deserves a bonus for superior performance which has resulted in the business achieving a better then expected return.

If this bonus was to be given to everyone regardless of their individual achievements or even hitting their minimum requirements then where would the business be, why would employees bother trying to strive to achieve?

This is how the company i work for operate, their in business to generate profit, and reward excellence not some"lets give everyone a pay rise and a big bonus because we are nice people and we are all winners.

Life has always had winners and losers, strivers and shirkers. its what differentiates us from your average mammal.

Sounds like proper socialist dogma which ends up with the company going bust.

[tyke1962]

For me everyone gets bonuses or noone gets them, if and when they do the whole staff gets them as a percentage of their salary (the same %) from the CEO to the cleaners.

Unbelievably backward and inverse thinking, similar to rewarding every kid at the school sports day for "participating" no losers here mentality.
If you have ever been in or ran a business you would appreciate that you require individuals to step up and do above and beyond to achieve a profitable and successful company, otherwise what is the point.

Bonuses are to be paid for performance that has been above and beyond the required level that the individual is expected top perform at. If he achieves his required level of competence then he is getting a wage or salary for that effort. If he achieves above and beyond then he deserves a bonus for superior performance which has resulted in the business achieving a better then expected return.

If this bonus was to be given to everyone regardless of their individual achievements or even hitting their minimum requirements then where would the business be, why would employees bother trying to strive to achieve?

This is how the company i work for operate, their in business to generate profit, and reward excellence not some"lets give everyone a pay rise and a big bonus because we are nice people and we are all winners.

Life has always had winners and losers, strivers and shirkers. its what differentiates us from your average mammal.

Sounds like proper socialist dogma which ends up with the company going bust.

Bit too Thatcheresque for me but each to their own .

[wilts rover]

For me everyone gets bonuses or noone gets them, if and when they do the whole staff gets them as a percentage of their salary (the same %) from the CEO to the cleaners.

Unbelievably backward and inverse thinking, similar to rewarding every kid at the school sports day for "participating" no losers here mentality.
If you have ever been in or ran a business you would appreciate that you require individuals to step up and do above and beyond to achieve a profitable and successful company, otherwise what is the point.

Bonuses are to be paid for performance that has been above and beyond the required level that the individual is expected top perform at. If he achieves his required level of competence then he is getting a wage or salary for that effort. If he achieves above and beyond then he deserves a bonus for superior performance which has resulted in the business achieving a better then expected return.

If this bonus was to be given to everyone regardless of their individual achievements or even hitting their minimum requirements then where would the business be, why would employees bother trying to strive to achieve?

This is how the company i work for operate, their in business to generate profit, and reward excellence not some"lets give everyone a pay rise and a big bonus because we are nice people and we are all winners.

Life has always had winners and losers, strivers and shirkers. its what differentiates us from your average mammal.

Sounds like proper socialist dogma which ends up with the company going bust.

I work for a £multi-billion multinational. Everyone gets the same 'bonus' if the company makes an end of year profit - because everyone has contributed to it.

[danumdon]

For me everyone gets bonuses or noone gets them, if and when they do the whole staff gets them as a percentage of their salary (the same %) from the CEO to the cleaners.

Unbelievably backward and inverse thinking, similar to rewarding every kid at the school sports day for "participating" no losers here mentality.
If you have ever been in or ran a business you would appreciate that you require individuals to step up and do above and beyond to achieve a profitable and successful company, otherwise what is the point.

Bonuses are to be paid for performance that has been above and beyond the required level that the individual is expected top perform at. If he achieves his required level of competence then he is getting a wage or salary for that effort. If he achieves above and beyond then he deserves a bonus for superior performance which has resulted in the business achieving a better then expected return.

If this bonus was to be given to everyone regardless of their individual achievements or even hitting their minimum requirements then where would the business be, why would employees bother trying to strive to achieve?

This is how the company i work for operate, their in business to generate profit, and reward excellence not some"lets give everyone a pay rise and a big bonus because we are nice people and we are all winners.

Life has always had winners and losers, strivers and shirkers. its what differentiates us from your average mammal.

Sounds like proper socialist dogma which ends up with the company going bust.

I work for a £multi-billion multinational. Everyone gets the same 'bonus' if the company makes an end of year profit - because everyone has contributed to it.

Very nice to work for a  £multi-billion multinational, even nicer when they give everyone the same bonus "because everyone contributed to it"

Do they also give everyone the same wage "because everyone contributed to it"

[danumdon]

For me everyone gets bonuses or noone gets them, if and when they do the whole staff gets them as a percentage of their salary (the same %) from the CEO to the cleaners.

Unbelievably backward and inverse thinking, similar to rewarding every kid at the school sports day for "participating" no losers here mentality.
If you have ever been in or ran a business you would appreciate that you require individuals to step up and do above and beyond to achieve a profitable and successful company, otherwise what is the point.

Bonuses are to be paid for performance that has been above and beyond the required level that the individual is expected top perform at. If he achieves his required level of competence then he is getting a wage or salary for that effort. If he achieves above and beyond then he deserves a bonus for superior performance which has resulted in the business achieving a better then expected return.

If this bonus was to be given to everyone regardless of their individual achievements or even hitting their minimum requirements then where would the business be, why would employees bother trying to strive to achieve?

This is how the company i work for operate, their in business to generate profit, and reward excellence not some"lets give everyone a pay rise and a big bonus because we are nice people and we are all winners.

Life has always had winners and losers, strivers and shirkers. its what differentiates us from your average mammal.

Sounds like proper socialist dogma which ends up with the company going bust.

Bit too Thatcheresque for me but each to their own .

If Thatcher was all about rewarding those who went the extra mile to ensure everone else managed to get a bonus then i dont see an issue with that.

[big fat yorkshire pudding]

For me everyone gets bonuses or noone gets them, if and when they do the whole staff gets them as a percentage of their salary (the same %) from the CEO to the cleaners.

Unbelievably backward and inverse thinking, similar to rewarding every kid at the school sports day for "participating" no losers here mentality.
If you have ever been in or ran a business you would appreciate that you require individuals to step up and do above and beyond to achieve a profitable and successful company, otherwise what is the point.

Bonuses are to be paid for performance that has been above and beyond the required level that the individual is expected top perform at. If he achieves his required level of competence then he is getting a wage or salary for that effort. If he achieves above and beyond then he deserves a bonus for superior performance which has resulted in the business achieving a better then expected return.

If this bonus was to be given to everyone regardless of their individual achievements or even hitting their minimum requirements then where would the business be, why would employees bother trying to strive to achieve?

This is how the company i work for operate, their in business to generate profit, and reward excellence not some"lets give everyone a pay rise and a big bonus because we are nice people and we are all winners.

Life has always had winners and losers, strivers and shirkers. its what differentiates us from your average mammal.

Sounds like proper socialist dogma which ends up with the company going bust.

I work for a £multi-billion multinational. Everyone gets the same 'bonus' if the company makes an end of year profit - because everyone has contributed to it.

We have a hybrid, part personal performance and part company wide, I quite like that approach.  The more senior you are the more company performance is the main driver.

[danumdon]

For me everyone gets bonuses or noone gets them, if and when they do the whole staff gets them as a percentage of their salary (the same %) from the CEO to the cleaners.

Unbelievably backward and inverse thinking, similar to rewarding every kid at the school sports day for "participating" no losers here mentality.
If you have ever been in or ran a business you would appreciate that you require individuals to step up and do above and beyond to achieve a profitable and successful company, otherwise what is the point.

Bonuses are to be paid for performance that has been above and beyond the required level that the individual is expected top perform at. If he achieves his required level of competence then he is getting a wage or salary for that effort. If he achieves above and beyond then he deserves a bonus for superior performance which has resulted in the business achieving a better then expected return.

If this bonus was to be given to everyone regardless of their individual achievements or even hitting their minimum requirements then where would the business be, why would employees bother trying to strive to achieve?

This is how the company i work for operate, their in business to generate profit, and reward excellence not some"lets give everyone a pay rise and a big bonus because we are nice people and we are all winners.

Life has always had winners and losers, strivers and shirkers. its what differentiates us from your average mammal.

Sounds like proper socialist dogma which ends up with the company going bust.

I work for a £multi-billion multinational. Everyone gets the same 'bonus' if the company makes an end of year profit - because everyone has contributed to it.

We have a hybrid, part personal performance and part company wide, I quite like that approach.  The more senior you are the more company performance is the main driver.

I'd say most enterprising and go ahead companies work to this model.

[danumdon]

For me everyone gets bonuses or noone gets them, if and when they do the whole staff gets them as a percentage of their salary (the same %) from the CEO to the cleaners.

Unbelievably backward and inverse thinking, similar to rewarding every kid at the school sports day for "participating" no losers here mentality.
If you have ever been in or ran a business you would appreciate that you require individuals to step up and do above and beyond to achieve a profitable and successful company, otherwise what is the point.

Bonuses are to be paid for performance that has been above and beyond the required level that the individual is expected top perform at. If he achieves his required level of competence then he is getting a wage or salary for that effort. If he achieves above and beyond then he deserves a bonus for superior performance which has resulted in the business achieving a better then expected return.

If this bonus was to be given to everyone regardless of their individual achievements or even hitting their minimum requirements then where would the business be, why would employees bother trying to strive to achieve?

This is how the company i work for operate, their in business to generate profit, and reward excellence not some"lets give everyone a pay rise and a big bonus because we are nice people and we are all winners.

Life has always had winners and losers, strivers and shirkers. its what differentiates us from your average mammal.

Sounds like proper socialist dogma which ends up with the company going bust.

I work for a £multi-billion multinational. Everyone gets the same 'bonus' if the company makes an end of year profit - because everyone has contributed to it.

We have a hybrid, part personal performance and part company wide, I quite like that approach.  The more senior you are the more company performance is the main driver.

The football team we all support(well most of us on here) has this very same model.

I don't recall anyone on here having a go at the top players in the club for receiving better wages and a better bonus.

[River Don]

Truss isn't even trying to disguise her prejudice, all notions of levelling up have been jettisoned. She says fairness is a leftwing idea for goodness sake.

Johnson may have been lax and a compulsive liar but he did say he was a centrist. He may not have been but that's what he thought he was. I think levelling up was a real ambition for him.

With Truss that's all out of the window. Growth is all important and if it takes millionaire bankers to deliver it, so be it. It won't work, you can't deliver economic growth without affordable energy, that's basic. The dash for growth is doomed to failure as it always has been when they've tried it in the past.

I do believe this is the most right wing government we have ever had, and of course we haven't voted for it.

[River Don]

And now this:

Fracking in the UK will be impossible at any meaningful scale and will not help with the energy price crisis, the founder of the UK’s first fracking company has warned.

Chris Cornelius, the geologist who founded Cuadrilla Resources, which drilled the UK’s first modern hydraulic fracturing wells in Lancashire, told the Guardian that he believed the government’s support for it is merely a “political gesture”.

“I don’t think there is any chance of fracking in the UK in the near term.”

He said that when Cuadrilla had operated here, it had discovered that the geology of the UK was unsuited to widespread fracking operations. “No sensible investors” would take the risk of embarking on large projects here, he said. “It’s very challenging geology, compared with North America [where fracking is a major industry].”

Unlike the gas-bearing shale deposits in the US, the shale resource in the UK is “heavily faulted and compartmentalised”, making it far harder to exploit at any scale.

This is what Caudrilla thinks, FFS. And Truss reckons this is our energy saviour.

[tyke1962]

For me everyone gets bonuses or noone gets them, if and when they do the whole staff gets them as a percentage of their salary (the same %) from the CEO to the cleaners.

Unbelievably backward and inverse thinking, similar to rewarding every kid at the school sports day for "participating" no losers here mentality.
If you have ever been in or ran a business you would appreciate that you require individuals to step up and do above and beyond to achieve a profitable and successful company, otherwise what is the point.

Bonuses are to be paid for performance that has been above and beyond the required level that the individual is expected top perform at. If he achieves his required level of competence then he is getting a wage or salary for that effort. If he achieves above and beyond then he deserves a bonus for superior performance which has resulted in the business achieving a better then expected return.

If this bonus was to be given to everyone regardless of their individual achievements or even hitting their minimum requirements then where would the business be, why would employees bother trying to strive to achieve?

This is how the company i work for operate, their in business to generate profit, and reward excellence not some"lets give everyone a pay rise and a big bonus because we are nice people and we are all winners.

Life has always had winners and losers, strivers and shirkers. its what differentiates us from your average mammal.

Sounds like proper socialist dogma which ends up with the company going bust.

Bit too Thatcheresque for me but each to their own .

If Thatcher was all about rewarding those who went the extra mile to ensure everone else managed to get a bonus then i dont see an issue with that.

That's not what you originally posted .