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if I were in Government, I'd do this for Business...
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- เผยแพร่เมื่อ 17 ส.ค. 2024
- If I was in charge of the economy and tasked to grow the uk economy and help small business owners, this is what I would do.
In this video I want to break down all the points that I think would seriously help entrepreneurs and business owners and in turn, grow the economy!
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Who am I?
My name is James Sinclair and I'm the founder and CEO of The Partyman Group of Companies. I started building my business when I was just 16 as a family entertainer after that I built up an entertainment agency, then moved into building a leisure and day nursery businesses. Today we operate a £30 million business which includes leisure, childcare, outdoor attractions, commercial property, arts and crafts manufacturing as well as one of the UK’s oldest Ice cream companies; The Rossi Ice Cream Company.
#business #economy #governments
I agree with everything James, UK needs reform - politicians needs to encourage entrepreneurship and families, UK needs to bring back manufacturing if we will ever stand a chance with Germany and Poland.
It's incredibly tough being a UK manufacturer. Particularly in the clothing market. Its costs so much more to manufacture here it is hard to compete. Brexit really didnt help either. There was an article the other day about it, "UK clothing sales to EU plummet as Brexit red tape deters exporters"
@maxwellboyne2770 Except the obvious, Brexit happened... exports fell. And our experience is the same. For the 10 years to Brexit our growth in the EU and USA were identical, same percentage point increase... Brexit happens... USA continues at the same rate as before, EU falls off a cliff... still hasn't recovered to the same growth levels.
@maxwellboyne2770 Need about 3 brain cells to work out that leaving the single biggest common market in the world will hurt exports..
@maxwellboyne2770 Head in the sand, eh mate?
Forget about Germany with its deindustrialization. The future is in the BRICS and in the USA.
We'll just vote for James.
VAT is strangling the economy. Should be 10% for SMEs and zero for independent British owned businesses up to half a million turnover
You speak a lot of sense, as usual James. Please get involved in policy for business in the UK 🇬🇧
Great ideas, James. We're in residential investment/ construction, and every trades person we speak to are saying that this year, they have seen a significant downturn in trade
Our engineering sector could well be in terminal decline. Don't expect this country to be competitive in innovative manufactured products any time soon - if at all. It will take a massive change in attitudes to engineering in this country and it could well have got to the point where it is beyond reverse. There are simply too many countries across the world who do take it seriously and now do it better.
IR35 review would be a real benefit to allow companies to hire skilled professionals on short term, flexible contracts.
Reform UK are saying exactly this👍🏻
Nah the answer is more taxes. Lots more taxes. Tax tax tax. Already pay 50-60% in tax, let’s jam it up to 100% and really get that growth going
Vote for labour if you want to pay more tax
😂😂😂 if the outgoing “conservative” party cranked up tax as they have (visibly and invisibly by freezing tax free allowances as one example) imagine what is going to happen under Labour!!! 😣😣😣
I'm voting for the Partyman Party on the 4th of July 🦾
Haha James your showing your youth! I listened to an old "Steptoe and Son" and there was a line it it "..and remember Harold VAT is now 8%" !!!! As a small business manufacturing, VAT is a tax on employing people. Our material costs are small, wages (& NI) account for a large part of our costs and in turn our selling price. VAT is effectively tax on tax!!
We have a service economy. So that depends on the population having money in their pockets. All this talk of entrepreneurship is purely abstract if no one has any money. We already have far less red tape than many other more successful countries. We’ve just forgotten who the consumer is.
The problem is the vast majority of MPs haven't lived in the real world and simply come out of university straight into politics.
I'm struggling to think any of them that have built a business.
There is the government backed Development Bank of Wales that deals with the £250k/£10m sector you mentioned to encourage entrepreneurship in Wales. It’s surprisingly forward thinking for something Welsh 😄
Any chance of a video with Garys Economics.
UK manufacturing is going to really struggle. Faces both relatively high wages and more foreign tariffs now. Due to the percent based system many items will either not qualify as being produced in the UK or the cost to prove it will hurt profit margins.
Would push into the tourism, fintech and film industries instead. You want either domestic oriented companies or ones that can still sell results abroad without hassle.
So much sense in this video, well done James! How can you push these ideas into the government spotlight though? The trouble is they only think in reelection terms, not generational terms. If the government were rewarded for long term success then we may stand a chance?
Looking forward to watching this 🎉
Good points. On another topic, ever thought about not having any editing "cuts" when you speak? It makes the flow too fast and leaves me feeling drained at the end of your videos. People who think you still don't speak fast enough can just increase the playback speed.
James for PM
The planning system is the problem, I would happily build commercial units if we could find land.
1/4 acre yard in Surrey 46k a year. Really it should be half that and our business would be better off.
Sinclair for Priminister!
HABIBI! COME TO DUBAI!
For what? Gangsterism, slavery, and prostitution?
@@jgt_ Says someone who has never set foot in Dubai.
@@darkspace3316 I've been.
Dubai has become the modern day Costa del Sol.
I Dont know if anyone is thinking like me, everything has gone up by avrege of 30% but the VAT threshold is gone by less then 6%. hmmm??
Get rid of the red tape!
I have a friend with a 100k and I know someone selling a property but cannot charge a fee because of long AML registration! Therefore the commerce did not take place.
I would vote for you!
You need to get into politics James absolutely fantastic
Net zero is the opposite of investment a massive tax on people and business. Reduce red tape to help small business.
Check out reform uk👍🏻 they are saying exactly this.
If it was cheap to manufacture in the UK there would be no need to "incentivize" industry. All you are suggesting is robbing Peter to pay Paul with that. Governments need to cut all unnecessary spending and pass the savings just to manufacturing business (exports are essential for the country to earn its corn in the world and support the pound) and not as giveaways to buy votes
Unfortunately it seems things are going to get a lot worse
I would persued you to run in the election and put your thoughts in the parlament. As those in the parlament are not fit for purpose.
IF I WERE IN!!!! Not if I was in… one reason not in government before even watching 😉
Who do you think James will vote for ?
Good question. James was typically a conservative voter, as I have been at times. I can’t vote for them this election because of their blatant failings. It’s my opinion that they aren’t “conservative” anymore so they aren’t an option.
I can’t vote for labour because their track record for economic management and warfare is even worse! That and I don’t agree most of their policies…
I can’t get onboard with any party who recommend “undoing brexit” which undermines democracy in my opinion. I’m also not enamoured with this aggressive net zero target and high taxation environment - so I guess that leaves us with Reform UK.
They promote lowering personal and corporate taxation and give real examples of how they will help people at all levels of income.
I would guess James will vote Conservative if he still has faith in them (somehow) or Reform UK if he’s on board for a change.
@@Holdeenio The Same reform that think NATO is to blame for Russia's invasion.. The problem with reform is Farage is only interested in power. He will say what gets him in power, and anyone with power can influence him. Brexit was all about reducing migration. In order to get a free trade deal with India we've had to give tons of visas to Indians which has massively increased migration.
Labour have changed and Rachel Reeves is probably one of the best brains in government. She will be a huge asset to this country.
Can you get onboard with Reforrm UK, James. They are saying what you say
Nigel Farage literally said "NATO gave Putin an excuse to invade Ukraine" They are a part who will sell this country to the highest bidder. Farage just wants power and will say anything to get it.
James for Prime Minister
Vote reform
nice
Vote workers party gb
100%
If I were in Government not was in Government!
I think you're making a mistake assuming the government want to help SME's. They are just happy with a few large corporations, and F the rest of them.
So what your saying is don't vote labour or conservative. Got you, let's get rid of the uni party
I'm voting for reform by proxy vote and you should too
Vote for Nigel Farrage. He is saying all same things that James is saying.
Yes like how NATO is to blame for Putin invading Ukraine.. Farage will lie to everyone and anyone to get some power.. He's going after the brexit audience again as he knows that he has a reliable and gullible backing and that will never change.
Really? You trust the guy who is still wiping putin's semen from his upper lip? The guy who promised he would leave the UK if Brexit was a failure, then admitted that Brexit was a failure, then didn't leave the UK? Really? That guy? You trust that guy? Whatever you're smoking, it must be good stuff.
keep vat and remove all income taxes keep corp tax at 10% on profits
I'd rather be more realistic and just remove VAT, it's so regressive and anti-business.
Dividend taxes and income taxes are a topic for another day but just starting with removing VAT entirely would be incredible.
I pay 10 percent corporate in Bulgaria and my dividend tax is 5 percent no matter if I earn 20k or 20 million. And 20 percent vat. Since I have no employees I don't pay any income tax. Since most of my customers are from the USA i hardly ever pay vat. The UK is broken and needs reform. I went from food bank to multimillionaire in ten years living in Bulgaria.
This sounds good in principle, much like UAE, but we’ve accumulated too much government with expense accounts that needs funding for this model to gain approval. 😂
It's a shame the UK is completely failing compared to all other economies in Europe, The UK needs significant capital investment to grow the tax base, Austerity has brought the country to its knees
Austerity? Public spending and waste is out of control! I’d love to see where your position is sourced from. If you suggest greater spending you’re setting our children and grandchildren up for even higher taxation than the 60% effective tax rate I’m paying now - thanks to this outgoing “conservative” party who turned out to be anything but conservative… labour will be even worse with zero history of ever improving the economy after a conservative term… I recall the post it left in the treasury about Gordon Browns abysmal time as PM.
I'd u turn breaxit
And that’s why we’re relieved you aren’t PM - such anti democracy would undermine the principles government is supposed to stand for. I suppose you also believe in “wealth redistribution” (theft) and “UBI” paying people to do nothing off the back of those who pay honestly? 😂
The EU is falling apart with Farmer rampages that make our farmer protests look like picnics in comparison, rising crime in tourist areas that dwarfs even the UK stats and the German economy on the verge of a deep recession, far deeper than our shallow one...
I went to both Belfast and Dublin recently and you'd have to be completely bonkers to want to be in the EU after visiting both of those cities!... The Eurocrats need to be arrested for what they've done to Dublin and other EU cities!...
They EU is also moving towards right-wing parties being in charge so even if you wanted to, it's not going to happen in regards to a full rejoin... Even Labour don't want to go through 3 or 4 years of parliament being frozen again with legislation and in-fighting which brought the country to a standstill last time... Starmer has also said he doesn't want that... It would be a disaster for his party so is not going to happen...
Unfortunately though, I know what will happen... Starmer will just get us back inline with the EU through the back-door... You'll see a slow drip-feed over the next few years of us agreeing to most of the EU rules so that nobody notices them apart from those that are actually switched on.
No! No to right wing extremism! We cant join that right wing continent!