Reply to post: Lifestyle creep

IR35 blame game: Barclays to halt off-payroll contractors, goes directly to PAYE

Anonymous Coward
Anonymous Coward

Lifestyle creep

Its a killer. Right now unless you are etonian you are about to be messed up bad. If you hadn't been already. Permie have the instability and jon security that was never restored since 2008 compounded with stabbing the country in the eye brexit style . Landlords are being made cashflow negative, no chance to sell since brexit has the throat of the housing market. Equity? You wish. Unless you are etonian with 15 or so properties and dont have to pay that tax (look it up).

Contractors, sure, its about fairness. It is also about if they succumbed to lifestyle creep (and many did) instead of investing every penny over their original PAYE income back when they were permie(could be a decade or more), and now find that they will have to find a way to a cheaper lifestyle. Which means they may have to sell a home. Good luck with that, there are fewer people in the country (one reason people voted brexit). See also landlords being crushed.

Oh, so it's to pay for gps? Get real , austerity closed those down for political reasons, making it easier to make Jonny foreigner the scapegoat for health shortages. More schools? Or make them academies and independents so your kid has little chance of going to a non rubbish school. More jobs? Hah, fat chance.

Unless you live on about 40k and banked the rest, be prepared for a rough ride. You will all have gone to Eton, or you will all be reminded that we are serfs to them.

Think it's better elsewhere? Nope. Wish you hadn't worked your socks off, invested money, and prepared to get a great future, now knowing it was a pipe dream? Join the club. Bleak times and the 2020's will be worse. Never thought I'd have nostalgia for the 90s.

Perhaps those people getting wasted in front of the telly were on to something...

POST COMMENT House rules

Not a member of The Register? Create a new account here.

  • Enter your comment

  • Add an icon

Anonymous cowards cannot choose their icon