The Labour Government

[metalblue]

Fucking brilliant! The media tell everybody that they are going to see income tax hikes, whipping those up who care to listen, and when they get wind of it not happening, whip people up for not doing so.

It’s never ending.

Are you saying Reeves had no intention of raising income taxes?

 

[meltonblue]

To make the country better she needs money from somewhere. We can speculate where that might come from but I see no point in getting all hot and bothered, as some have, until she reveals the budget.

Only thing I’d say with that is it isn’t really about whether people get emotive about it or not, it’s the impact it has on the markets.

 

[hampshireblue]

Are you saying Reeves had no intention of raising income taxes?

It looks like the economic data, especially around productivity is better than expected and so there is no need. However, a U turn is usually based on the government making a formal announcement. No such announcement has taken place and as usual the press are all about headlines rather than facts. Personally, now the hares are running, she'd be better raising them now and giving herself some breathing space for the next couple of years.

 

[meltonblue]

It looks like the economic data, especially around productivity is better than expected and so there is no need. However, a U turn is usually based on the government making a formal announcement. No such announcement has taken place and as usual the press are all about headlines rather than facts. Personally, now the hares are running, she'd be better raising them now and giving herself some breathing space for the next couple of years.

I don’t think she can raise income taxes and stay in position.

 

[metalblue]

It looks like the economic data, especially around productivity is better than expected and so there is no need. However, a U turn is usually based on the government making a formal announcement. No such announcement has taken place and as usual the press are all about headlines rather than facts. Personally, now the hares are running, she'd be better raising them now and giving herself some breathing space for the next couple of years.

I didn’t mention U turns though mate. Merely asked if @The Future’s Blue! was saying this was all a media storm and Reeves had no intention of raising income taxes, and perhaps will ask if you are saying the same thing??

 

[The Future’s Blue!]

Are you saying Reeves had no intention of raising income taxes?

No, not at all, I’ve no idea what she was planning to do. My post was more to do with how the media have whipped it up to such an extent that everybody seems focused on the narrative rather than the actions.

We’ll soon see, less than 2 weeks to go.

On a similar note, have you ever seen the media like this, incessantly reporting every negative and very little positives?

For me, so much so that I rarely watch/listen/read and get my updates from here.

 

[Brewster's millions]

I don’t think she can raise income taxes and stay in position.

The sole factor motivating this u-turn is the utterly desperate level of Starmer's authority within the Labour Party, following another disastrous week for him. Starmer and Reeves are now so weak that they wouldn't survive a hike in income tax.

Economic policy is being made on the hoof and changing with the wind. Ill advised briefing against Streeting leads to a re-write of the Budget and a surge in gilt yields today.

What a complete shitshow.

 

[Blue Maverick]

Last year they should’ve just been honest stood up and said look the country is fucked worse than we thought, we are have to go back on our pledges to sort this mess out, instead of lurching from one shite thing to another. Sometimes been honest can work, I’d have had more respect for them than this constant shit show.

 

[WRicko]

The sole factor motivating this u-turn is the utterly desperate level of Starmer's authority within the Labour Party, following another disastrous week for him. Starmer and Reeves are now so weak that they wouldn't survive a hike in income tax.

Economic policy is being made on the hoof and changing with the wind. Ill advised briefing against Streeting leads to a re-write of the Budget and a surge in gilt yields today.

What a complete shitshow.

We do not know anything

 

[Gray]

If things weren’t bad enough the weather today has put the cherry on the cake.

Bloody wet through nipping to my garage.

 

[meltonblue]

The sole factor motivating this u-turn is the utterly desperate level of Starmer's authority within the Labour Party, following another disastrous week for him. Starmer and Reeves are now so weak that they wouldn't survive a hike in income tax.

Economic policy is being made on the hoof and changing with the wind. Ill advised briefing against Streeting leads to a re-write of the Budget and a surge in gilt yields today.

What a complete shitshow.

They shouldn’t survive a hike in income tax either way, Reeves at least.

Like I said earlier in the thread, never going to happen but I’d like to see her do it but I’d also want to see her resign for it.

 

[ballbag]

If things weren’t bad enough the weather today has put the cherry on the cake.

Bloody wet through nipping to my garage.

If she doesn't start taxing the rain in 2 weeks time, she'll have to walk.

 

[PragueBlue]

Need to increase tax and also increase the retirement age.

 

[i kne albert davy]

If she doesn't start taxing the rain in 2 weeks time, she'll have to walk.

Have you not seen the water rates for those of us who pay :-(

 

[ballbag]

Have you not seen the water rates for those of us who pay :-(

Good point. No need to worry, though. She'd probably change her mind.

 

[i kne albert davy]

Need to increase tax and also increase the retirement age.

Things tough in the Czech Republic as well eh, we've got enough problems of our own to sort.

 

[PragueBlue]

Things tough in the Czech Republic as well eh, we've got enough problems of our own to sort.

Not too bad here in comparison from what I hear from family in the UK but tough everywhere I guess. Just looking at things from the UK perspective. It seems to me that the tax rate and retirement age are too low for the things that need to happen. I may be wrong of course.

 

[metalblue]

No, not at all, I’ve no idea what she was planning to do. My post was more to do with how the media have whipped it up to such an extent that everybody seems focused on the narrative rather than the actions.

We’ll soon see, less than 2 weeks to go.

On a similar note, have you ever seen the media like this, incessantly reporting every negative and very little positives?

For me, so much so that I rarely watch/listen/read and get my updates from here.

All fair points.

I’d argue that the media frenzy is driven by the all the leaks that have been coming out about what is going to be in the budget and the delay to delivering it. Of course there are certain outlets that wouldn’t give Labour any praise if they cured cancer and solved global warming in a day but, as someone posted on here a day or two back, it’s almost like they have a fifth column at the heart of it all (I’m thinking SpAds rather than MPs), I don’t think they do and that they are actively plotting against the government but I do think they are naive.

At the start you could almost forgive the mishaps and shit policy decisions but they continue to happen and they don’t seem to learn. It’s bizarre.

 

[hampshireblue]

Last year they should’ve just been honest stood up and said look the country is fucked worse than we thought, we are have to go back on our pledges to sort this mess out, instead of lurching from one shite thing to another. Sometimes been honest can work, I’d have had more respect for them than this constant shit show.

Starmer tried and was accused of talking the country down and needed to be more positive by the very same people that are saying they should have dome this a year ago. They really can't win.

 

[i kne albert davy]

Not too bad here in comparison from what I hear from family in the UK but tough everywhere I guess. Just looking at things from the UK perspective. It seems to me that the tax rate and retirement age are too low for the things that need to happen. I may be wrong of course.

The tax burden is more or less at a all time peace time high and the pension age is rising to 67 not sure that's where the problem lies.