Labour isn’t even elected yet, and already have the country disillusioned.
Labour has some great policies, but many of their most popular ones are impractical. £10 minimum wage, four more bank holidays a year, 26% corporation tax, etc; all are designed to lure working class people into voting for them. It’s clearly working, as Labour is quickly growing in the polls.
Labour wants people to think that all businesses and successful people are evil, and that they’re taking advantage of the system. It’s the focal point of their marketing. They want people to think that their bosses can afford to pay them more, and that they deserve the extra wage. They’re literally buying votes: vote for Labour, you will make more money and work less.
The government are not responsible for employing the majority of people, though; businesses are. So to fuck businesses over is – in turn – detrimental for nationwide employment.
Labour claim they’re doing it to tax larger businesses such as Google or Apple. That said, these are the companies who will be unaffected by Labour’s rules. Large businesses employ people to find loopholes. I immediately can come up with ways to avoid Labour’s policies if I was a large business owner:
- £10 minimum wage – employ graduates on apprenticeships, and then after three years (just before they go on a full wage) replace them with new apprentices.
- Four more bank holidays a year – take away four days of annual leave.
- 26% corporation tax – keep yourself “in debt” (on paper) using classic accountancy tricks which many businesses already practice, such as buying assets instead of turning a profit each year.
Small businesses can’t afford these practices, though. Getting caught once doing any of the above could result in a small company losing all their customers, or getting taken to court and losing everything.
Starting a business is already difficult, most become bankrupt within 5 years, and Labour will only increase the failure rate.
Of course nobody cares about small businesses… Until they want to start one.
Many young people who are drawn Labour’s policies are buying into the concept because they want to make more money when they start their adult life. However, they’re not thinking about their future, or what position they will be in 10 years time. What will they think about the policies if they start their own company?