The Labour Government

WRicko said:
What do you mean lazy post ? How about yours ?

So investment doesn’t improve growth ?

How do you not know what investment I am on about ? What was Trump here for ?

Or how about record investment in general or record NHS Spending or for improvement record appointments or Breakfast clubs to help take care of child care so people can get more work.

A health educated workforce isn’t more productive ?

O and just a little edit what was on the news this morning Gatwick expansion Luton expansion already approved and Heathrow will probably happen
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It was lazy because it had no detail so appreciate the follow up. None of these things you’ve listed are bad things - although not all is government policy or investment and some of it will take years to pay off. It’s all a bit piecemeal though and we lack a strategy for growth, right now we seem to be relying on a combination of raising taxes / cutting expenditure annually just to keep the lights on and hoping for external investment to get us out of the hole we are in. In other words we are all going to be paying more in tax for everything to stay the same.

The world is a more dangerous place, we are receiving orders for warships built in this country - let’s order some for ourselves, get our reputation up, make the UK the supplier of choice. Plenty of other bits of military kit we can make as well. Build them 1.5m homes. Build the hospitals and schools we need. Borrow to invest, tax to invest, reduce corp taxes don’t raise them, make the UK the destination of choice. None of this is labours doing but they are the ones in charge and making the decisions now, give us some hope - that’s how this government gets re-elected, not focusing on immigration.
 
metalblue said:
It was lazy because it had no detail so appreciate the follow up. None of these things you’ve listed are bad things - although not all is government policy or investment and some of it will take years to pay off. It’s all a bit piecemeal though and we lack a strategy for growth, right now we seem to be relying on a combination of raising taxes / cutting expenditure annually just to keep the lights on and hoping for external investment to get us out of the hole we are in. In other words we are all going to be paying more in tax for everything to stay the same.

The world is a more dangerous place, we are receiving orders for warships built in this country - let’s order some for ourselves, get our reputation up, make the UK the supplier of choice. Plenty of other bits of military kit we can make as well. Build them 1.5m homes. Build the hospitals and schools we need. Borrow to invest, tax to invest, reduce corp taxes don’t raise them, make the UK the destination of choice. None of this is labours doing but they are the ones in charge and making the decisions now, give us some hope - that’s how this government gets re-elected, not focusing on immigration.
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Warships don’t improve the economy but we are spending more on defence including on the supply chain which will

O by the way we just did the biggest ever sale of warships to Norway

I forgot to mention planing reform or investment in green tech.

What makes you say there is not a strategy ? Because the investments a bit of mix ? Isn’t that a good thing ? Or

I think there can be only one keep spending rained in bar investment for long terms improvements and efficiency. We cannot afford spending or tax cuts but if we can get the planning system moving the workforce healthier and the private sector investing then in time spending can go up and taxes come down

Also on the strategy front I don’t think a government has ever had more reviews and consultations I think that’s a bit frustrating and maybe a sign of a lack of strategy but in the long term will lead to better decisions and more of strategy I suspect in fact I think one of the reviews is industrial strategy
 
metalblue said:
Build them 1.5m homes. Build the hospitals and schools we need. Borrow to invest, tax to invest, reduce corp taxes don’t raise them, make the UK the destination of choice. None of this is labours doing but they are the ones in charge and making the decisions now, give us some hope
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“Borrow to invest” sounds great, but what happens when you balloon the deficit, need millions more taxes just to cover interest on the billions you borrowed, while also driving up interest rates, and making borrowing more expensive, thus costing more in taxes to pay the increased interest expense!!

England’s biggest problem appears to be the amount of WF&A in the social system, the lack of investment outside London and the collar counties, and the desire for quick fixes to generational problems.

Fixing those things, which are sadly at odds with each other, is no small feat!
 
So Reeves been told to reduce NI on employees and put 2p income tax across the board to hit pensioners and landlords. Tell me again the incentive to save for retirement? How about fucking off the freeze on personal allowance that’ll help everyone if they are going to do that. Meanwhile some twat million/billionaire threatens to leave the country because the get taxed a bit more and can’t buy a 6th Ferrari.
 
Blue Maverick said:
So Reeves been told to reduce NI on employees and put 2p income tax across the board to hit pensioners and landlords. Tell me again the incentive to save for retirement? How about fucking off the freeze on personal allowance that’ll help everyone if they are going to do that. Meanwhile some twat million/billionaire threatens to leave the country because the get taxed a bit more and can’t buy a 6th Ferrari.
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The Resolution Foundation suggests it as wealth redistribution. Pensioners' standard of living has risen three times higher than that of working-age people. (Yes, we know not all pensioners are well off.) And why would you not want to tax landlord profits and other "unearned" income?
 
Blue Maverick said:
So Reeves been told to reduce NI on employees and put 2p income tax across the board to hit pensioners and landlords. Tell me again the incentive to save for retirement? How about fucking off the freeze on personal allowance that’ll help everyone if they are going to do that. Meanwhile some twat million/billionaire threatens to leave the country because the get taxed a bit more and can’t buy a 6th Ferrari.
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Is this a Labour policy or one suggested by one of the many think tanks?
 
Blue Maverick said:
So Reeves been told to reduce NI on employees and put 2p income tax across the board to hit pensioners and landlords. Tell me again the incentive to save for retirement? How about fucking off the freeze on personal allowance that’ll help everyone if they are going to do that. Meanwhile some twat million/billionaire threatens to leave the country because the get taxed a bit more and can’t buy a 6th Ferrari.
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The incentive to save for a pension is massive. But just becasue you turn a certain age doesn't mean your income should not be treated as just that,income. I was staggered t find that when I took early retirement at 56, my pension income was no longer subject to NI until normal retirement age.

The vast majority of pensioners nowadays have the benefit of having a personal/company pension, very different to the sitaution 20-30 years ago. And why should landlord's income be put in the same breath as pensioner's income?
 
hampshireblue said:
A think tank.
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So, not Reeves, or Labour.

Amazing how much worry a headline makes. Used to listen to the radio in mornings, LBC or 5Live, can’t listen to it anymore as it’s all based on these type of headlines, taken as gospel to scare people into phoning in.

False narratives do not make a good listen.
 
hampshireblue said:
The incentive to save for a pension is massive. But just becasue you turn a certain age doesn't mean your income should not be treated as just that,income. I was staggered t find that when I took early retirement at 56, my pension income was no longer subject to NI until normal retirement age.

The vast majority of pensioners nowadays have the benefit of having a personal/company pension, very different to the sitaution 20-30 years ago. And why should landlord's income be put in the same breath as pensioner's income?
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I wouldn't say 70% is a vast majority especially as the workplace pension scheme that came in can be quite small. A couple of mine will get cashed in as they are projected to be worth around a whopping £4 a week at 67, score.:-)

Anyhow as its kick a pensioner time again for the 50th time this year may I remind people compared to much of the EU our state pension is poor. These countries will also have people on private pensions doing very well.. We have a contract of intent with the government that we receive a liveable state pension. Money that people have given to companies for private pensions is none of their business outside of tax.
If they want to grab some dosh then tax them more as they obviously will be paying income tax.

The govts problem is their pledge not to raise income tax they need to man the fuck up, raise the personal allowances and raise income tax. They may want to Reform the tax system a bit, you know do their fucking job and lead rather than fiddling round the edges and shitting themselves
 
hampshireblue said:
The incentive to save for a pension is massive. But just becasue you turn a certain age doesn't mean your income should not be treated as just that,income. I was staggered t find that when I took early retirement at 56, my pension income was no longer subject to NI until normal retirement age.

The vast majority of pensioners nowadays have the benefit of having a personal/company pension, very different to the sitaution 20-30 years ago. And why should landlord's income be put in the same breath as pensioner's income?
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The state pension will come under income tax very soon as well, we should be on about £14k personal allowance by now but the Tories froze it because you know Austerity was good! I agree we all pay income tax but it seems the constant targeting of pensioners is a thing now, it’s almost like they don’t want any, let’s face it the retirement age will be 70 in the next 25 years or so, fucking great if your sat behind a desk not so much if your up a ladder.
 
Brewster's millions said:
The success rate is around 70% because this government and the last one don’t have a clear plan, and they’re effectively waving them through in order to get people out of the system and free up capacity.

Which in turn provides absolutely zero deterrent to people making the crossings in the first place. Why would anyone apply for asylum before making the crossing when you have a roughly 70% chance of getting what you want if you can make it to the UK and convince people that you come from a particular country?

At worst they’ll have a few months, probably longer, playing PlayStation in a hotel having everything done for them.

It’s as simple as that.
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The Tories did have a plan ..... dont forget that the Labour Government left them with less than 18,000 outstanding cases. The Tories laid off over 50% of the case handlers thus creating a backlog , then decided that instead of hiring the staff needed to clear the backlog they would spend the money renting hotels off their mates and donors .

Then spent 10 years pointing at boats to wind you lot up.
 
ChicagoBlue said:
“Borrow to invest” sounds great, but what happens when you balloon the deficit, need millions more taxes just to cover interest on the billions you borrowed, while also driving up interest rates, and making borrowing more expensive, thus costing more in taxes to pay the increased interest expense!!

England’s biggest problem appears to be the amount of WF&A in the social system, the lack of investment outside London and the collar counties, and the desire for quick fixes to generational problems.

Fixing those things, which are sadly at odds with each other, is no small feat!
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The one thing I feel in the UK is the lack of energy, certainly in young people. Work does not really pay anymore and being productive does not really pay because we're struggling to pay bills and optimistic goals such as owning a house are becoming impossible. You have to earn well above average to be comfortable.

One major problem is low productivity which I think has actually fallen here since COVID. We can't improve productivity by viewing everything in terms of the deficit and I didn't vote to elect a government that sees a spreadsheet as more important than me.

In the US if you have a dodgy hip which stops you working then do you have to wait a year to get it fixed? This is the reality here. There are hundreds of obstacles like this and couple this with the expensive cost of living, it's bleak.

For many it's almost pointless going to work and that's if you can get there. A few years ago just getting a train into Manchester was difficult because for a period trains either turned up late or they didn't turn up at all, but yes we were still paying record high fare levels.

The end result is people are generally spending less, generally doing less and there is no energy to do more so the economy has flattened and stagnated. Successive governments see this as a deficit increase but do they fix the problems that led us there? No, instead they decide to increase taxes or cut spending and the fundamental problems remain.
 
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ChicagoBlue said:
“Borrow to invest” sounds great, but what happens when you balloon the deficit, need millions more taxes just to cover interest on the billions you borrowed, while also driving up interest rates, and making borrowing more expensive, thus costing more in taxes to pay the increased interest expense!!

England’s biggest problem appears to be the amount of WF&A in the social system, the lack of investment outside London and the collar counties, and the desire for quick fixes to generational problems.

Fixing those things, which are sadly at odds with each other, is no small feat!
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We're gonna be the first country in the world that has slavishly followed the Rags' Guide to Economic Management'!
 
hampshireblue said:
The incentive to save for a pension is massive. But just becasue you turn a certain age doesn't mean your income should not be treated as just that,income. I was staggered t find that when I took early retirement at 56, my pension income was no longer subject to NI until normal retirement age.

The vast majority of pensioners nowadays have the benefit of having a personal/company pension, very different to the sitaution 20-30 years ago. And why should landlord's income be put in the same breath as pensioner's income?
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Bracketing landlords and pensioners was what the report did.

It's not that difficult. Most pensioners with an occupational pension can now expect to live into their 80s, getting way more out of the system than they "put in" when working (years more pension, and major user of the NHS which has kept us alive for longer).

The over-65s own a third of the nation’s financial wealth.

ifamagazine.com

New study shows top 11% of households own 73% of investment assets - IFA Magazine

A stark wealth divide is reshaping Britain's financial landscape, with just 11% of households now controlling nearly three-quarters of the nation's investment
ifamagazine.com ifamagazine.com
 
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