The Labour Government

[Postman Pep]

 

[peter.evans]

Not true, because if you're a higher rate taxpayer, you're getting an extra 40% in pension relief from the government every time you put money in. And when you take it out in however many years time, chances are you'll be paying income tax at the lower 20% band, unless you've got a shitload saved up. You don't have to have a pension. You could take all of your money and put it into a savings account instead. But then you'd have to do that after tax, so you're instantly losing 20% or 40% depending on your tax band.

And ignoring the tax benefits you would end up with a much smaller fund at the end of the 30/40 years with a bank deposit account which will have grown at approx 2% pa compared to a pension invested in equities or similar at roughly 7% pa.

 

[gordondaviesmoustache]

What about the IFS One?
What about being told the full picture from Treasury officials?
Tgen we have the difference between today's statement and tge figures signed of by Senior Civil Servants on 17th July?

You don’t seem quite as energised about the cunts who lied about their own black hole and were dishonestly promising tax cuts.

 

[Ifwecouldjust.......]

Strange how people who believe that child benefit should be capped at two kids and that Universal Credit should be means tested are now objecting to a benefit they receive......... being means tested.

 

[hilts]

It's always been the same as long as I can remember, whoever is in government. The rich get richer and the poor get poorer and each newly elected government blame the last one.

True but they've only been in 3 weeks:-) Reeves is basically a Tory, surprised well to do upper class Starmer allows her to......

Oh yeah of course, doh!

Can't remember where I heard it before austerity - we are all in it together.

 

[Churchlawtonblue]

The latter is complicated because many are not UK based, but I expect council tax will be looked at in a big way, which is likely to impact significantly on the former.

It's not that complicated to close corporation tax loopholes. Even less complicated to close the VAT loopholes exploited by the big online trading companies. Let's see if Reeves and Starmer have the bottle to do so.

 

[hilts]

and this from 2015 (I think). There is a slightly longer version where she boasts of filing through the lobbies with the Tories to support their welfare reforms with an emphasis on the 2 child cap. Remember last week .... things not being in Kings speeches and all that.





More an obsession than a tough choice.

Maybe she had been to Jodrell Bank in 2015 and saw the black hole coming said @Vic Yesterday:-)

 

[metalblue]

To be honest it sounds like it has to be done, thanks to the Tories. If it leads to better infrastructure and getting the country back in its feet then fair enough. Time will tell.
However, I hope they recognise those who are carrying the burden with it.

That’s what they want you to think. It’s a political choice and it’s Labour’s political choice. She could have simply raised taxes instead.

 

[urban genie]

The tories robbing the state and giving plush contracts to mate have left us right in the shite.

However a LABOUR government should be opposed to enacting any kind of austerity measures to deal with this.
Due to the nature of the crown estate any profits made automatically allows the monarch a top up of paymemts by gocernment, charlies 1billion profits will allow him to claim 40million in tax money, stop that straight away and use the 40 million on the public services.
Most if not all memebrs of the house of lords are very well off or well paid and are not obliged to attend so stop paying them anything for the priveledge of a title and seat there the £166 per day appearance and travel fee should be scrapped.

As for winter fuel allowance, I get the idea that some people who don't need it get it but Reeves taking her policy straight from tje tax payers alliance playbook is lazy and punishes many not on benefits who are at the lower scale of wealth in this nation, it would be better to Impose a cap on gas/electricity properly and sort out ofgem who tend to favour the suppliers, also ban the companies from the usual winter increase that we all know is about fleecing the public not the state of oil/gas prices.


Personally and on her previous remarks I believe she would do this regardless of the black hole in the budget, it is certainly right to blame those wanker tories for the finacial mess but it is fine to call out Reeves for her response to it

 

[hilts]

You don’t seem quite as energised about the cunts who lied about their own black hole and were dishonestly promising tax cuts.

In fairness the Tories were very shit indeed, almost everyone agreed they were shit and now they are gone, finished and consigned to history. They are no longer relevant plus I believe there is a thread on the fuckers. Not sure saying they were shit again has much point but people can certainly do so.
My opinion is all parties fully costed manifestos are a work of fiction to grab votes.
I think everyone knew there wasn't money for NI cuts simply because there isn't any money for anything extra. What you can't do is claim doing this will kill 4000 pensioners and then go ahead and do it. I bet they won't say it will kill pensioners now.
I simply don't believe after spending 9.4 billion on pay rises they had to take money off all pensioners not on pension credit. This is not a huge amount of money, their own previous words show they wanted to do this before 'the black hole' was found.