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Will the UK run a budget surplus in 2018-19?

Yes   0 votes - 0 %
No   0 votes - 0 %
Hell no   1 vote - 33 %
I couldn't drop enough bad acid to believe that's possible   2 votes - 66 %
 
3 Total Votes
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more people are reporting themselves as self-employed, which would be more accurately labeled, "I'm still desperately looking for work, but I can't put on my resume that I haven't had a job since 2007."

I can testify to the accuracy of that observation.
Although I did actually get some work as a freelancer (and indeed by then end quite a lot), I sure never felt that it would be prudent to be quite too candid about exactly how much. But mostly, I have a friend who was "self-employed" in this way for two years.

So he did an MBA, which he got with distinction. The result: well, at least he gets initial interviews with 25 years old junior HR staff, who seem to convey the following messages:
-I don't understand what you do / can do for a living, that's way beyond my level of experience.
-How can you be over 40 and be looking for work?
-What do you mean you had twins and eased on your workload for a while? Can't you understand what your priorities should be? Are you retarded?

Or so he explained to me. The job market must be really tough for outsiders if this guys has any difficulty at all.

Earth provides enough to satisfy every man's need, but not every man's greed. Gandhi

by Cyrille (cyrillev domain yahoo.fr) on Mon Jan 5th, 2015 at 10:05:38 AM EST
If you're over 40, looking for work, and can't bring substantial business with you, you're cooked.  They'll assume they can't make money off you because 1) you're damaged goods, 2) you're hopelessly out of touch and untrainable, and 3) it's a miracle you can still operate your own shoelaces, so there is no way you can operate tech equipment.
by rifek on Mon Jan 5th, 2015 at 11:25:06 AM EST
[ Parent ]
And I know of many other "self-employed". This guy just stands out as being really good, qualified, hard-working, reliable... and not having had a single day of paid work in years.

Earth provides enough to satisfy every man's need, but not every man's greed. Gandhi
by Cyrille (cyrillev domain yahoo.fr) on Mon Jan 5th, 2015 at 10:06:42 AM EST
And if they do, the lack of tax returns or demonstrated income will result in getting "emergency" tax (40%) on even minimum wage until such time as they can demonstrate the (non-existent) revenue stream.

I know this from personal experience, having paid 40% tax on whatever zero hours minimum wages I've earned for the last year. It's just a total scam


keep to the Fen Causeway

by Helen (lareinagal at yahoo dot co dot uk) on Mon Jan 5th, 2015 at 03:52:09 PM EST
[ Parent ]
Ah, I do remember the year when I waited impatiently for the opportunity to do my self assessment -as I was owed something like £7k by HMRC. I never before did it on the first available day -and probably never again will.

Earth provides enough to satisfy every man's need, but not every man's greed. Gandhi
by Cyrille (cyrillev domain yahoo.fr) on Mon Jan 5th, 2015 at 04:14:26 PM EST
[ Parent ]
One of the things I fail to understand in this country is how HMRC works. It is so opaque that is scares me completely.

I am on PAYE and some time ago I have phoned them and asked about the lack of a letter this year. And they said over the phone: "Ah, by the way, we owe you ~1000 GBP". Some years they send a letter, some years they don't. I do no even try to understand how my net salary is computed.

Next year I will have independent income also (from a commissioned book) and I am scared just to go partially independent.

by cagatacos on Tue Jan 6th, 2015 at 06:39:15 AM EST
[ Parent ]
Actually, once you can justify an accountant to do it all for you, it's easy. Just keep all relevant receipts and dump it on them

keep to the Fen Causeway
by Helen (lareinagal at yahoo dot co dot uk) on Tue Jan 6th, 2015 at 09:48:47 AM EST
[ Parent ]
Regarding book income, this pdf from the Society of Authors may be useful. It's not the latest version, but it's fairly recent.
by afew (afew(a in a circle)eurotrib_dot_com) on Tue Jan 6th, 2015 at 10:49:39 AM EST
[ Parent ]
Just as there is a huge disconnect between the lived experience of the citizens of Westminster and those in the real world, there is a similar disconnect between the media and the real world.

Even relatively well off people seem to understand how much unemployment there really is and how "wage-growth" is just an unachievable fantasy for most people. Even if they themselves do not experience it, their children or their children's friends or their relations do. Real people have connections across the country and across population groups.

For Westminster and the media, they are so busy, so preoccupied with their own peer group, that they seem unable to understand or articulate how reality short-circuits all these mad grand schemes for getting the economy going.

That's why Paul Mason seems so extra-ordinary, he's the only journalist going out and investigating the lived experiences of the people at the sharp end. He's the only one I read who makes any sense whatsoever.

keep to the Fen Causeway

by Helen (lareinagal at yahoo dot co dot uk) on Mon Jan 5th, 2015 at 03:47:49 PM EST
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