I wasn’t going to write about the Budget today. I really wasn’t. For one thing, I figure that you’re probably sick to the back teeth of it, after hearing about it non-stop all week. For another, I made a rule when I started doing this: to steer well clear of politics, religion, sex and anything to do with men's sport – on the grounds that they’re more trouble than they’re worth. So I didn’t really want to go there now. But when I sat down to write this, my desire to rant about that charade on Wednesday was so strong that I decided that maybe this rule of mine was actually more of a guideline (I do that a lot).
I don’t know about you, but the whole thing just made me so angry. Now I’m not a political animal, by any means (in fact I’m a bit suspicious of people who are). But can you imagine the CEO of a company announcing a set of numbers as spectacularly awful as that, and then asking his shareholders to give him another four-year contract? Can you imagine an FD standing up and announcing that the company’s up to its eyeballs in debt, and not offering any kind of guidance as to how he plans to pay it back? I don’t blame the poor bloke per se (he’s just been stitched up by his boss), but still - the sheer barefaced gall of it just beggars belief.
Stupidly, since this was supposed to be a ‘Budget for Jobs’, I’d allowed myself to be fooled into thinking that there might be a few measures in there that would make it easier for people like me to employ other people. Because presumably that’s a bit of a prerequisite on the job creation front, right? Beforehand, people were talking excitedly about possible cuts in business rates and corporation tax – which would be worth having, even if it was only temporary.
More than anything, I was hoping that they’d scrap (or at least postpone) this ridiculous hike of hiking employers NI at a time when they’re trying to support the job market. This is going to cost me serious money, and I promise you, it will definitely put people off hiring. How is hiking employers’ tax going to help businesses recover? For that matter, how is hiking fuel costs going to help? Or statutory redundancy pay? I realise that they’ve got to find a few hundred billion from somewhere. But this just seems idiotically short-sighted.
Then there’s this income tax thing. Now I don’t pay myself anything like that much (chance’d be a fine thing). But one day, all being well, I hope to. And when that day comes, not only will I be providing jobs for lots of people, and boosting the Treasury’s tax coffers with my NICs, corporation tax, fuel duty and so on ad infinitum, I’ll now also have to hand over more than half of my personal take-home pay to the Government, presumably so they can go and spend it on setting up a pointless quango that’ll be dissolved by the next lot. How’s that for gratitude?
And perhaps the most depressing thing of all is that even if Brown and co finally do the decent thing – or (more likely) if the electorate does it for them – I’m not really convinced the other lot will be any better. Looking at the Shadow Cabinet on Wednesday, half of them have never had a proper job in their lives, let alone run a decent-sized business. Why is it that nobody seems to bat an eyelid about appointing career politicians to the top executive jobs in the state? It’s like me finding a smart grad and immediately appointing him as my CEO.
In short, I think it’s about time that entrepreneurs ruled the world. Hopefully Michael Bloomberg will start a trend.