Steve Tsui

@SueJonesSays Those who refuse to work pretend that they are disabled by claiming back pains, mental illness, anxiety or even suicidal thoughts. We are in competitive market due to globalization. Raising wages without increased productivity only kill jobs

Those who refuse to work don't get benefits. That's how the system works, as you well know. People have to actively look for work or they get sanctioned - their benefit is stopped. Stop with the lies. Also, if people get more in benefit, perhaps it's time to raise wages.

@David__Osland Economy flatlines because of too many people on benefits, not contributing. Higher taxes are placed on the shrinking working population that de-incentivize work. If there were rampant black economy, the economy should be buzzing but no.

Britain's economy is flatlining because of austerity, Brexit, tax avoidance, utility company rip-offs and supermarket price gouging. Not because of the unemployed and the disabled.

@Thunda007 @SaulStaniforth No one compares their spendings to GDP. This is a nonsense. You should look at % of spending to govt annual budget actually raised from tax receipts. GDP isn't real money.

@Ton_of_beam @SaulStaniforth Ah so because it knocks your argument on it's ass "just ignore it, it's a con" We've ALWAYS spent so much on benefits, the NHS and Pensions as a % of what we get. It's an issue now because taxpayers are being squeezed due to cost of living, inflation and wage suppression 1/2

Kwasi Kwarteng says the welfare bill is unsustainable. Kevin Maguire points out the welfare bill is about 10.6% of GDP, as a proportion that's lower than most other European countries, and the majority of it goes on pensions #GMB

@Thunda007 @SaulStaniforth GDP is always a con. We should based our figures on govt budgets. We spend 50% our govt budgets on NHS, benefits and pensions. Hardly any money left to do capital projects, defence or even fill potholes

@Ton_of_beam @SaulStaniforth We're spending the same amount today as a % of GDP on benefits that we did 30 years ago It's only an issue now because you're being told it is 'cos they want you to blame benefits for why you can't afford to live rather than wage suppression They're playing you like a fiddle

@Thunda007 @SaulStaniforth Because we spend half of govt budget on benefits & pensions and NHS.

@SaulStaniforth Strange how welfare comes up again in the days after there's talk about raising the Min Wage It's as if they're hoping people are too dumb to realise what they're doing ..

@ramonagusta Unless you can come up imbalance of trade with EU., I don't believe it as USA has similar problem but you have alternative explanation globalisation

75 years of UK trade balance… Can anyone see where it all went horribly wrong? Do you think we should pay the EU £1bn a year to rejoin this?

@UK_Resurgence @landlord_secret They could have done that with the blessing of the low income class. The problem is the costs. Keep asking the middle class to pay for higher benefits, pensions, NHS funding and large scale council housing without benefiting them as well is problematic

@landlord_secret Drive private landlords out to creat a shortage. Use that as an excuse to build council houses. Make citizens dependent on the state. Exercise that control for compliance.

Labour is trying to kill the private landlord – I’m not giving up without a fight I will not let this Government’s relentless discrimination and unfairness tear my livelihood apart (£) telegraph.co.uk/money/property…

@landlord_secret Sometimes you must let the opposition to take the high ground and cut off their supplies which cause difficulties. In this case, lack of supply of rental properties will be a defining moment for this inept Labour govt's Renters Rights Act

@BladeoftheS Is it fair for same money that has subjected to corp tax once and in the hand of investors pay tax again ? Same money taxed twice at source and recipients

More than 80% of the £650bn yearly Corporation Profits is paid out to Tax Havens or Foreign Nationals. Meaning the ONLY tax that is paid on it is Corporation Tax. Increase that from 13.2%, which is the percentage actually paid, to 45%. And you have the entire NHS budget.

@7Kiwi Trade Unions under labour govt want to give you a world beating employment rights act too which does nothing other than destroy more jobs. What can we make that China can't but they are still obsessed with protecting present day jobs.

How come other countries haven't seen the same efficiency gains? The truth is we're deindustrialising at a rapid rate because we have the highest industrial electricity prices in the developed world, driven by expensive renewables.

@SebMilbank It won't be long there will automatic beer dispenser paid cashlessly with one supervisor only. The result of relentless rise in minimum wage

Most of the £10 pint is labour costs , which is why you can buy a pint for £1 or less at the supermarket...

@HopeNotHate68 @moving_charlie Punish others using an arbitrary dividing line as long as it doesn't punish you seems fair to you, right ?

@moving_charlie How is paying a user fee for your right to exclude others from a valuable location punishment? Sounds extremely fair. Which, unlike taxes on output, make it very efficient. Is HMRC a waste? According to your logic, yes.

As long as the rich are being punished, it’s ok to waste poor taxpayers money, right? Eejits.

@spennybig That's good. As least landlords are still free to counter the govt's move by abandoning their rental properties and leave this housing mess in the hands of Labour.

I own an estate agency in hertfordshire, about 14 percent of our landlords have or are selling due to the negative tax and legislative environment. Assuming thats replicated nationally there will be 1.7million less properties for renters in a year, with no plan on replacement

@PatrinMaddison @lindsay_hayes @Devilmath @Carolyn26297231 @_Harriet90 Why don't you ask the govt to provide life-time lease instead of compelling private landlords to provide you with what you want ? Don't forget that it is successive govts that abandon social housing

@lindsay_hayes @Devilmath @Carolyn26297231 @_Harriet90 All investments risk change over time. The housing market is legislated because people need to live in houses, which is their primary function, not as an investment.

This confirms my belief that people with buy to let investments do so because they are too stupid to invest in anything else. You have a tenanted property and with the way the rental market is going, you will still be able to raise the rent annually. Continuous, steady, increasing income on an asset that will more than likely appreciate long term. And tax free. But no, instead you’re going to sell. During a time of huge financial instability, where the housing market isn’t particularly strong, nor fast. And of course, if everyone is doing it, the market is further saturated. Then you eventually sell. You’ve paid all the associated taxes and fees. And paid off the mortgage. Then what? What are you doing with that money that’s going to make you more money than it already was. You aren’t, because we’ve already established you’re too stupid for other investments. This is proper toys out of the pram stuff.

@moving_charlie Despite grow in no of new built flats, the developers increase prices to £500k for 1 bed property in London. With no domestic buyers, they first market these overseas and badger the Tory for help to buy. They did everything other than cutting price and now stop building

No one wants to understand this and I don’t understand why not. Because it means the solution is easier than building 1.5m homes.

@BellRibeiroAddy If you want the renters so many rights, why can't the govt provide it instead of using legislation to compel the landlords to do so ?

14,647 renters in Clapham & Brixton Hill now have stronger rights and protections. ❌ No fault evictions banned 💷 Rent increases restricted 🚫 No more bidding wars 🐾 Pets welcome Find out more about the Renters' Rights Act 👇🏾 bellribeiroaddy.com/renters-rights…

@yzilber Because the opposition would seize that as an example that the govt doesn't want equality.

Unlike gridlocked US, the UK government can fix this with simple legislation They don't have the guts/brain to do it. Neither did the former conservative government

@TomChivers Tom, the govt impose S106 contribution to councils, ⅓ of these new builds as social housing, lack of skilled tradesmen after Brexit, BSR bureaucracy, long planning stage, Nimby, 2 staircases that push up finance costs. Your cocoa analogy doesn't have these man-made obstacles.

How can stuff like this get written? Imagine it for any other good! “Affordability is driving the chocolate price spike, not a cocoa bean shortage. We just need to designate some beans as special cheap beans to bring prices down” bbc.co.uk/news/articles/…

@aJaySolo8 @JohnHann04 The value of £ has dropped 90% since 1970's. Forbidding people to buy assets to safeguard their investments is ideologically stupid. Had the successive govts not abandon social housing, rent wouldn't be this high anyway?

@JohnHann04 Owning more than one dwelling is unethical

Laws that damage everybody are stupid laws. The Renters rights legislation as well as other landlord legislation that has come in over recent years is bad law because it has not and will not do what it was intended to do. It is driving landlords out of the sector in their tens of thousands because it is making it financially completely unviable, that’s is making far fewer homes available to rent and that is pushing prices through the roof AND making it far harder to find a home. In turn that reduces tax income for the government. EVERYBODY loses. Throw in population growth of 10m this century and you a recipe for disaster. The people pushing these laws are clueless, agenda driven idiots and it’s damaging the entire country.

@LUFCFan01 @PixelGamingCo @jim8oy66 Successive govts quit social housing by selling them without replacing in last 40 years was the cause of rent rising steeply. The govts rather pay housing benefit for social tenants to compete for housing with private tenants. You don't have a point.

@PixelGamingCo @jim8oy66 That was my exact point.

A friend of mine had a portfolio of 11 rental properties, a mixture of 2,3 bedroom flats and houses, he only actually owned one of them outright and the rest are mortgages. When labour set out plans for renters rights he immediately told his tenants he was NOT renewing their tenancies and has decided to sell the lot. He did this because he has come very close to “going under” with troublesome tenants trashing his properties and not paying rent, one tenant he told me was not paying rent for over a year while he fought to have her removed at huge cost, he told me he’s operating a Ponzi scheme, using money from one property to pay mortgage on another and it’s now blatantly unsustainable. He wasn’t rich, worked 7 days a week all hours all for nothing.