• Login
  • Register
The Daily Sceptic
No Result
View All Result
  • Articles
  • About
  • Archive
    • ARCHIVE
    • NEWS ROUND-UPS
  • Podcasts
  • Newsletter
  • Premium
  • Donate
  • Log In
The Daily Sceptic
No Result
View All Result

The Jobs Bloodbath is Only Just Beginning

by Sallust
8 January 2025 3:18 PM

Anyone who has ever read Charles Dickens’s David Copperfield is likely to remember this basic piece of economic advice from Mr. Micawber. Micawber was a financial disaster himself, but he understood something that seems to be beyond the Government:

“My other piece of advice, Copperfield,” said Mr. Micawber, “you know. Annual income 20 pounds, annual expenditure nineteen nineteen and six, result happiness. Annual income 20 pounds, annual expenditure 20 pounds ought and six, result misery. The blossom is blighted, the leaf is withered, the god of day goes down upon the dreary scene, and — and in short you are forever floored. As I am!”

The U.K. Government, and that means this one and previous ones, is now stuck in the Dickensian misery of expenditure vastly exceeding income. The present Government has opted for tax rises to plug the gap and ignored the consequences for growth and employment.

Matthew Lynn in the Telegraph can only foresee a jobs bloodbath, and it’s starting at the retailer Next:

The trouble is, that is just the start of it. In reality the Rachel Reeves jobs bloodbath has only just begun – and it is about to get far worse over the next few months.

If the Chancellor thought companies could easily absorb the extra £24 billion in NI charges she is about to find out she was very much mistaken. The Retail Gazette reports today that Next is looking at automated scanners to replace till staff.

According to [Next’s] Chief Executive Simon Wolfson it is one of the few ways it can deal with the extra £67 million it will soon have to pay in higher employment taxes. “As we get natural turnover in our staff, where we introduce efficiencies, we will take on less new people rather than lose existing people,” he told the paper, explaining that Next would inevitably have to reduce its staffing numbers.

No one should kid themselves the company is doing that to improve customer service. The technology has been around for a decade or more, but most clothes retailers have ignored it, for the simple reason that customers don’t like self-scanners. Especially for buying clothes, we would rather deal with an actual person, and even the supermarkets have been getting rid of them.

Automation will lead to a collapse in employment and customer service:

A survey of the U.K. services sector last week by S&P Global found that firms were cutting back on staff numbers at the fastest rate in four years, while KPMG reported before Christmas that the number of vacancies is now falling at the fastest rate since the height of the pandemic. 

As the new year unfolds, that will surely accelerate. Faced with a big rise in the tax they have to pay for each member of staff, firms will have no choice but to figure out ways of automating tasks that used to require actual people. Self-scanning will just be one part of it. 

Worst of all, and this is where Mr. Micawber could step in with some handy pointers, the effect isn’t going to help Government spending either. It might increase it, while tax revenues remorselessly drop:

Every time a job is lost, the Government loses the NI, the income tax, the VAT on the money that person would have spent, and it may well have to start paying benefits as well.

Worth reading in full.

Stop Press: As if it couldn’t get worse, the Government is having to borrow more, so the pound has plunged. Still at least that means our exports will be cheaper. Hold on to your hats – it seems another tax raid could be looming:

The Treasury has held the biggest sale of five-year bonds in more than a decade as Rachel Reeves faces increasing pressure from rising borrowing costs.

The U.K. Debt Management Office (DMO) auctioned £4.25 billion of new debt a day after long-term Government borrowing costs surged to the highest level since 1998.

Five-year gilt yields have risen almost 35 basis points since the beginning of last month to around 4.45%, while 30-year yields are the highest in more than a quarter of a century.

The five-year gilts were sold by the DMO today with a yield of 4.49% – the return the Treasury promises to buyers of its debt.

Economists have warned that the Chancellor is on the brink of breaking her fiscal rules and being forced into another tax raid as bond yields rise.

You can read that story in full here.

Tags: BudgetEmploymentLabourRachel ReevesTax Rises

Donate

We depend on your donations to keep this site going. Please give what you can.

Donate Today

Comment on this Article

You’ll need to set up an account to comment if you don’t already have one. We ask for a minimum donation of £5 if you'd like to make a comment or post in our Forums.

Sign Up
Previous Post

The Grooming Gangs Scandal is the Tip of the Iceberg of Public Sector Failure

Next Post

At Last, a Mainstream Media Article that Mentions a Direct Link Between Covid Vaccines and Cancer

Subscribe
Login
Notify of
Please log in to comment

To join in with the discussion please make a donation to The Daily Sceptic.

Profanity and abuse will be removed and may lead to a permanent ban.

48 Comments
Oldest
Newest Most Voted
Inline Feedbacks
View all comments
TheBasicMind
TheBasicMind
1 year ago

I’ve just got banned from the Telegraph comments for pointing out their disgraceful science reporting and pointing to articles like this one. They simply cannot allow the truth.

Keep it up Igor.

In truth I’m quite pleased in a way, because continuing to pay them money (albeit at a reduced rate due to previous threats to leave on my part anyway) has been running counter to my principles. I’ve unsubscribed of course.

Last edited 1 year ago by TheBasicMind
154
0
Uncle Monty
Uncle Monty
1 year ago
Reply to  TheBasicMind

I was banned on a number of occasions at the DT but they relented when I appealled to the moderators. They eventually brought in a one strike and you’re out policy which has prevented me from commenting since, they must run checks on IP addresses as I opened a new account using a different email address but was banned within a week for something innocuous.
If you want a Qatari model of free speech, look no further than the DT BTL comments policy.

87
0
GlassHalfFull
GlassHalfFull
1 year ago
Reply to  TheBasicMind

The Guardian and the BBC are even worse than the DT.
I was banned for commenting “below the line” years and years ago.

63
0
Paramaniac
Paramaniac
1 year ago
Reply to  GlassHalfFull

The Guardian- check
The Times- check
Youtube comments- check
Disqus- Check
Daily Mail- check
Twitter (pre and post Elon)- check
BBC-check
Daily Telegraph-check

Why?

Screenshot-2024-01-28-at-19.09.32
25
0
186NO
186NO
1 year ago
Reply to  GlassHalfFull

I have very successfully defeated BBC HYS moderating censors multiple times by targeting certain subjects in a particular way – proved their bias which they have tacitly acknowledged time after time. Like many here, I consider these MSM organs are self evidently very corrupt, lying woke far left WEF acolytes and my experiences don’t move that dial one millimetre .

14
0
RTSC
RTSC
1 year ago
Reply to  TheBasicMind

I paid £24 for my DT subscription this year. I let my old subscription lapse when they wanted to make it over £100 pa and after about 6 weeks they discounted by over 75%. I keep it going so I can comment BtL and – hopefully – influence others and point them towards sources of information.

I tread a fine line; they’ve not banned me yet.

8
0
Smudger
Smudger
1 year ago
Reply to  TheBasicMind

They banned me for railing against Bill Gates giving them a few million quid during Covid. It is a badge of honour to banned by this rag.

Last edited 1 year ago by Smudger
7
0
GlassHalfFull
GlassHalfFull
1 year ago

We all seem to be operating in an echo chamber.
We all know what is causing the excess deaths.
It is not until the general public and the main stream media start to wake up to reality that anything will be done.
We are making very slow progress on that front.

118
0
10navigator
10navigator
1 year ago
Reply to  GlassHalfFull

Excellent interview in TCW today with Andrew Bridgen, entitled: “The Vaccine Cover Up is Rapidly Unravelling.” It opens “The elephant in the room of excess deaths is trumpeting louder and is stepping on the toes of Big Pharma in Parliament.”

92
0
GlassHalfFull
GlassHalfFull
1 year ago
Reply to  10navigator

Unfortunately when Andrew stands up in Parliament to make a valuable speech all the other MPs walk out.
This is the level of wilful ignorance we are dealing with.

106
0
Marcus Aurelius knew
Marcus Aurelius knew
1 year ago

Great work Mr Chudov 👏

Now I remember why I prefer SQL 🤣

Although I do agree with your hypothesis, I have one, simple point to make… I think the official vaccination rates are total BS. In many European countries, individuals are all too used to beating the system and cutting each other private deals and arrangements. I suspect a statistically significant number of jabs went down the sink. And we’ll never, ever know how many. There just isn’t the data.

It’s things like this which remind me of the main message in Friedrich Duerrenmatt’s Das Verpsrechen – some things will never be solved, however much you want and need to solve them, and regardless of how much effort you put into solving them…

But the bastards need hanging for everything they did which we know for sure they did, nevertheless.

Last edited 1 year ago by Marcus Aurelius knew
79
0
CaseyJones
CaseyJones
1 year ago
Reply to  Marcus Aurelius knew

Yes, I noticed that former Communist countries had low or negative excess mortality (fewer deaths than expected in plain English!). I would agree that their lower jab rate is due to a history of “beating the system” and overall suspicion of authority and is probably even lower. Sweden’s negative excess mortality rate suggests that a combination of lockdowns and jab adverse effects has caused the excess mortality we’ve seen. In countries with both lockdowns and high high jab rates we see higher excess mortality. Simplistic using one country’s example I know.

31
0
Smudger
Smudger
1 year ago
Reply to  CaseyJones

They really sucked up the ‘get jabbed to save granny’. in Portugal. 95% jabbed!

5
0
Marcus Aurelius knew
Marcus Aurelius knew
1 year ago
Reply to  Smudger

Salazar managed to create what is in my honest opinion a very childlike and impressionable population.

Last edited 1 year ago by Marcus Aurelius knew
0
0
huxleypiggles
huxleypiggles
1 year ago

https://www.conservativewoman.co.uk/the-insane-experiment-behind-the-covid-pandemic-and-disease-x-part-three/

Paula Jardine’s excellent expose of the C1984 Scamdemic continues. Here’s part 3.

37
-1
huxleypiggles
huxleypiggles
1 year ago

https://www.conservativewoman.co.uk/the-joy-of-making-unexpected-new-friends/

Liz Hodgkinson at TCW with a message for all Sceptics Realists.

30
-1
David101
David101
1 year ago

That’s all great, and I for one believe firmly that correlation does equal causation in this case.
Trouble is, even though he’s probably right on the money on this one, you can’t really present a non-scientist’s evaluation of re-hashed statistics as evidence for the danger of mRNA vaccines.
If a covid vaccine zealot asks me where I got this info, and I go “Igor Chudov’s Substack page”, they’ll say “Well why then were the NHS recommending them to everyone”? The answer to this, of course, is a long story involving the relationship between regulators, Big Pharma and the health services, with no independent assessment of efficacy and safety of vaccines.
But it’s at this point in the the discussion you might as well be conversing with a peanut.

28
0
EppingBlogger
EppingBlogger
1 year ago

Has anyone any information about how long after vaccination the adverse effects west off, if at all.

11
0
Myra
Myra
1 year ago

We continue to focus on excess deaths, however it would be good to not loose sight of other side-effects.
How many have had their health altered by mRNA products?
Probably an impossible question to answer, but analysis of NHS data or private insurance data may give us some clues?

8
0
186NO
186NO
1 year ago
Reply to  Myra

The best way would be to be tested for spike protein markers, both viral and mRNA induced, Troponin, D Dimer and Ig3/4 levels. Snag is the NHS GPs will not routinely do this – how ironic that this medical “cohort” banged the gong for PCR whilst some banged the pans but they refuse en bloc to pull back the curtain to reveal, at least in part, their collective complicity. I bet their PI insurers have said to these Medics to the effect: “Don’t do these tests as it might invite claims against you – if you do you are no longer covered”

3
0

NEWSLETTER

View today’s newsletter

To receive our latest news in the form of a daily email, enter your details here:

DONATE

PODCAST

In Episode 35 of the Sceptic: Andrew Doyle on Labour’s Grooming Gang Shame, Andrew Orlowski on the India-UK Trade Deal and Canada’s Ignored Covid Vaccine Injuries

by Richard Eldred
9 May 2025
1

LISTED ARTICLES

  • Trending
  • Comments
  • Latest

Sun-Dimming Quango has £800 Million of Taxpayer Money to Blow – and a CEO on £450k

8 May 2025

News Round-Up

9 May 2025

UK “Shafted” by US Trade Deal

8 May 2025

The Sugar Tax Sums Up Our Descent into Technocratic Dystopia

8 May 2025

What Does David Lammy Mean by a State?

9 May 2025

News Round-Up

25

The Sugar Tax Sums Up Our Descent into Technocratic Dystopia

25

Sun-Dimming Quango has £800 Million of Taxpayer Money to Blow – and a CEO on £450k

28

UK “Shafted” by US Trade Deal

12

What Does David Lammy Mean by a State?

9

Electric Car Bursts into Flames on Driveway and Engulfs £550,000 Family Home

9 May 2025

“I Was a Super Fit Cyclist Until I Had the Moderna Covid Vaccine. What Happened Next Left Me Wishing I Was Dead”

9 May 2025

Nature Paper Claims to Pin Liability for ‘Climate Damages’ on Oil Companies

9 May 2025

What Does David Lammy Mean by a State?

9 May 2025

In Episode 35 of the Sceptic: Andrew Doyle on Labour’s Grooming Gang Shame, Andrew Orlowski on the India-UK Trade Deal and Canada’s Ignored Covid Vaccine Injuries

9 May 2025

POSTS BY DATE

January 2025
M T W T F S S
 12345
6789101112
13141516171819
20212223242526
2728293031  
« Dec   Feb »

SOCIAL LINKS

Free Speech Union
  • Home
  • About us
  • Donate
  • Privacy Policy

Facebook

  • X

Instagram

RSS

Subscribe to our newsletter

© Skeptics Ltd.

Welcome Back!

Login to your account below

Forgotten Password? Sign Up

Create New Account!

Fill the forms below to register

All fields are required. Log In

Retrieve your password

Please enter your username or email address to reset your password.

Log In
wpDiscuz
No Result
View All Result
  • Articles
  • About
  • Archive
    • ARCHIVE
    • NEWS ROUND-UPS
  • Podcasts
  • Newsletter
  • Premium
  • Donate
  • Log In

© Skeptics Ltd.

You are going to send email to

Move Comment
Perfecty
Do you wish to receive notifications of new articles?
Notifications preferences