Covid isolation could end this month š³

Rob, a small-business owner, reacts to the UK government potentially lifting the five-day COVID isolation rule this month. He highlights £5 billion in loan write-offs and £8.9 billion in wasted PPE spending, arguing the government should cut taxes and support production instead of crushing small businesses with rising corporation tax and VAT.
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Hi, it's Rob here, and news has just broken, um, in the UK from Boris that he's planning on ending COVID restrictions for, um, self-isolation in this month. So bringing the plans forward about 1 month, isolation for COVID, self-isolation, 5-day rule could end this month. So what do you think about that? Let me know in the comments. Um, now that maybe it looks like we're moving towards the end of this, um, what impact has this had and what needs to happen moving forward? So, um, I personally think that it will be many years before we can see the full impact of what's happened with lockdowns and, you know, the virus and the variants and the restrictions and the implications. And I think that maybe quite a lot of people are maybe too quick on both sides to pass judgment too soon. Dana said, thank God. So for sure, wouldn't it be great if we could crack back on with business and crack back on with life. So, um, someone very close to me who I won't name is somewhat skeptical because, um, sheā hintā believes that Boris is relaxing these rules and regulations as much for a dying chance of popularity to not lose his position. I don't know about that, but, um, it seemed that the variant was much more mild. Um, I don't know anyone in my threadsā and some of my videos, by the way, got hundreds of thousands of views, and there were thousands of commentsā and no one said that they knew anyone that passed away of the variant. With and of. I, I now know the distinct difference between with and of. Dying with and dying of. They are very different. Um, I'd love your thoughts on, um, you know, do you think now that it's the time to move on and live with it? Um, someone has said here in the comments, I hope that Nicola Sturgeon, um, also does the same. I'm afraid not. I feelā I believe I just had a good read The rules in Scotland are somewhat more strict, so sorry. Um, Jason thinks we'll be like China soon. What do you mean? So a few things I would love to see. So I don't claim to be a scientist, I never have. Whether we should have been locked down more or less will remain to be seen. I have my thoughts and I'm not sure that they're too relevant. I'd love to see the implications. However, many businesses have not recovered, and not enough support and subsidy and loans and grants and relaxations of taxation and, you know, freedom to trade and help to produceā not enough of this has been done, in my opinion. Now, round one, lockdown V1, we had the furloughing. That was useful for sure. We had some loans, although get this, they're writing off nearly Ā£5 billion in loans to the wrong people. So it does make me a bit sick that many people who really did need loans and grants and subsidies through, um, you know, variant 1, you know, physical businesses, retail, travel, gyms, bars, pubs, clubs, many hairdressers Many of those businesses, we couldn't get many loans, but then many people gamed the system, got a lot of loans, and now the government have got to write off nearly 5 million in badā sorry, 5 billion, billion in bad debt. That makes me a bit sick because who's going to pay for that? Who's paying for that? Yes, you and me. And business rates, I believe, should have been reduced. Um, that I believe should have been reduced. Um, income tax should be reduced or at least held. Um, corporation tax has gone up from 19% to 25%. I believe that should be reset back. And, um, we should allow businesses and companies to trade and produce because production and trade is going to increase revenue, which increases jobs. Which increases all the other, all peripheral, other, other, other, all other peripheral taxation. Um, so yeah, Sarah has said here small businesses are being crushed. Um, exactly, Christopher, there's going to be more taxes now, um, because, um, one, of course, if you make more profit, you make more tax. Yes, correct. But, um, also, um, our taxes are going to be higher because there's nearly Ā£5 billion's got to be written off in bad loans. There was 4 or 5 billion on an app that I didn't really think worked, and also 8.9 billionā what was that one? There was a massive shocker of 8.9ā oh, that was it, PPE equipment that they had to write off. So you're talking there 8 plus 5 plus 4, or 9 plus 5 plus 4, Ā£18 billion lost, written off, and the government said that they believed that that was a good use of the money. Where are they going to get that Ā£18 billion from? Yes, you and me. So let's not stop campaigning to save small businesses. Let's not stop pushing to get VAT down, to get corp tax down, to get business rates down. To get income tax down, even if it's in the short term, what we need to do is to free up trade, free up production, get the supply chains going again, get the jobs running, make sure the unemployment is as low as it can be, but through increased production. And all these disruptions over the last couple of yearsā because by the way, many companies, you know, some people say, oh, we're only locked down for 30 days here and 30 days there and 60 days here. But no, no, no, all the impact of lockdowns and soft lockdowns over the last couple of years have really hurt a lot of businesses. So please share if you also agree that taxes should be relaxed. I believe that, um, people paying their tax at the end of January who can extend it to the end of Feb, they should be given payment plans or further extensions. Um, and you know, we'veā they've got to support small business through this. This is 6 million small businesses in the UK. Small businesses fund the entire public sector. So, you know, if they don't support the small business and, you know, a third of small businesses die, that's essentially a third of their revenue in VAT and corp tax and income tax from the employees and the employers and the National Insurance, not once but twice. So I think the best way toā because look, I understand the, you know, the government need to generate more revenue and On a simplistic level, people think, oh, well, they increase tax, but there's more ways to increase revenue than increase tax. If you increase production, increase prosperity, increase money flow through the economy, you know, the GDP of the economy, then you're going to generate a lot more in tax revenue. There's actually a tax bell curve, and obviously if they charge zero tax, they get zero income, but if they charge 100% tax, they get zero income because no one pays any. Because they all leave. So there's this optimum point of taxation, and I believe it's gone too far. And I know many business owners who are thinking of leaving the country, some have left already. I know many business owners are looking to find ways and loopholes to reduce their tax, and they're really, really bitter and resentful for losing the ability to trade, having to shut down their businesses, not getting enough support while they were shut down, and while they're opening up, not getting support of delaying taxes, reducing taxes, stopping the increase of taxes. And this, I believe, was fundamentally vital if they want to kickstart the economy again. And a lot of people are talking about mental health and 4-day work weeks and all of this. Come on, we need to produce our way out of this, work our way out of this, earn our way out of this, fuel up the economy again. This is my my thoughts. So let me know your thoughts, but do you think it's good news that it looks like by the end of this month the restrictions for self-isolation go from 5 days to zero, and it looks like the government are looking to live with this? Hopefully we don't go into soft lockdowns or lockdowns through the winter. Hopefully we can just carry on with normal trade, but You know, in a way, the sort ofā I don't know, a few weeks ago when we had these soft lockdowns over December and gyms and pubs and bars and clubs and restaurants all had to shut and all their Christmas trade, which is their best trade of the year, was basically stolen from them and they were offered a tiny subsidy and they lost that money forever and that money was most of their year's profit. In a way, that's just disappeared now and the responsibility of that from the government, or at least the consequences of their decisions. Let's say their decisions were right. Maybe they were right to soft lockdown, maybe they weren't. But then it's just disappeared now, and everyone's moving on to censorship or something else. And the government have got away without having to support small businesses properly. So come on, people, let's get together. Hit the share button. Let's not just let this all drift away and all these businesses that lost most of their trade for the year because they lost most of their trade for December, we don't want them to die out, they need to be supported. Why is VAT still 20%? VAT went down 15% down in the previous recession, why hasn't it come down this time? Why is corp tax going up from 19% to 25%? Why is it not being held or why is it not coming down? Because here's the thing, companies will reinvest into staffing and resourcefulness and growth if they've got money to reinvest. But if they've got no money to reinvest because it's all in bloody tax, then actually companies can't kickstart again. They can't produce as much as they were. So I don't really understand why the government don't, don't get this. I mean, obviously there's a lot that goes on in government that none of us will ever understand. Um, so let me know what you think in the comments. Do you think it's good that we're, uh, now this month moved forward a month in the UK? Looks like we won't have to isolate if we have COVID and we're learning to live with it. Now they're still having guidelines. There will be, um, work from home guideline, not rule, guideline if you have COVID, etc. Um, but let me know what you think in the comments. Thanks for tuning in for my work. Please do share this content because I don't want the message of supporting small business. And by the way, I'm a small business owner, and I'm not just talking about, um, the, the, um, employers and the owners. I'm talking about all the staff that work for them. You know, I had, what, 90 staff in the office, 70, 70, 75 contractors, and all outsourcers. I probably had 200 people on my payroll through lockdown. Still had to pay VAT, still had to pay business rates. Still have to pay corp tax, still have to pay income tax all through the shutdowns, the COVID the lockdowns. Utterly ridiculous in my opinion. So come on, government, support the small business, reduce the taxes, increase the ability to production, give us some subsidy for production, give us some subsidy for creating jobs, give us some subsidy for building things and creation and innovation and fire up the economy and get the GDP growing. And that's how you're going to generate all your revenue. And stop penalizing us. Stop, you know, tax is so penal right now. It really is. Thanks for tuning in. Hit the share button. Um, let's support the small businesses. If you have a small business, tag it in. By all means, pitch your small business. In the comments. If you know a small business owner, tag them in, um, and then hit the share button. And hopefully we're moving out of this, or is there more to come? And remember, if you don't risk anything, you risk everything.










