manutdfan wrote:
Thats not my experience of mergers and takeovers.
They usually do involve redundancies - particularly among back office staff.
That's what some like to claim but the evidence suggests otherwise - get a real sloppy service from a good number of companies these days.
However outsourcing to other parts of the world (such as India and China - or in one company I worked in, the Czech Republic) has nothing to do with mergers and takeovers.
Maybe but in every merger or takeover I have heard there have been job losses and no end of companies have moved operations abroad to acquire cheap labour. Here's and example an American owned company produce caterpillar tracts at Birtley near Newcastle-upon-Tyne; the company was profitable but the American ownership still moved production to South Korea for cheaper labour (some years ago now).
As for the six billion - that's supposed to be the cost of the Conservatives reversing Labour's NI increase. NI shouldn't be used to pay for teachers and police - and only indirectly for doctors and nurses - it's a handy way for Labour governments to put up taxes on the lower income groups while claiming they aren't increasing taxes. But then I don't expect much from a party who increased taxes on the lowest earners in society to give a tax cut for the low to middle income groups.
Bullshit! You clearly do not know what you are talking about since
every government has increased NI contributions. As for it being a 'handy way to put up taxes for the lower income groups', again you are talking nonsense since it only applies to those earning 20K or more. An increase of income tax to 50p for those earning a 150K of more is hardly a tax cut for middle income groups is it?
Further, much of the increase was on employer's NI - meaning they slapped a billion of hundreds of millions of pounds on organisations like the NHS.
Get your facts right will you? None of the increases have been applied yet. The more likely reason is there are more people not working than are working throughout Europe for various reasons but then maybe you have been away too long?
None the less - tax cuts are not taking money out of the economy - they are leaving the money in the hands of people who earned the money in the first place who will often choose to spend it - there by stimulating growth.
Now you really are sinking into the gutter with your own argument! Bankers award themselves obscene bonuses, the conservatives want to give money to a minority of people who have more than they need to survive comfortably. That does not simulate growth since the money will end up in tax havens such as Litchenstien or in Swiss bank accounts where it earns no interest and benefits nobody other than the few individuals who put it there to start with.
