The Labour Government

[Chippy_boy]

You must have had a shit employer.
Look how other pensions in the private sector compare…
EG work for BP employer puts in 20%, employee puts in nowt.

How to get a £1.5m pension pot: the most generous places to work

Hoping to retire in luxury? Be careful where you apply. Analysis of FTSE 100 companies has revealed a big gap between the most and least generous schemes

www.thetimes.com

Can't see - it's behind a paywall unfortunately. 20% is not the norm in smaller companies I think. I've worked for around 10 employers over my career and typically it's been 4%, 5%, 6% - that sort of range. Perhaps the big blue chip (rich) companies are more generous? Or maybe the industry I work in (IT) they are just all tight.

 

[Chippy_boy]

You aren't obliged to move other than by circumstances. Everybody is attached to their home, including renters who have to frequently move and have to work very hard to pay someone else 50% of their take home.

Old people knocking around houses that are too big for them, that they can't afford to heat and need alterations just to get around and into (alterations which they won't neccesarily fund themselves) isn't a good use of a finite amount of housing. Which might be better used to house a young couple starting a family.

Bingo. Which is why stamp duty is such a fucking DREADFUL tax. It's a huge disincentive for anyone to move, and that in itself is really bad for any economy. You want a flexible, mobile workforce, not people locked in to their properties and unwilling to sell because of a humongous stamp duty bill if they do.

I'd scrap stamp duty completely if I was in charge. It would boost the economy enormously. Every time someone moves house they spend a shed load at B&Q and Carpet Giant and where have you.

 

[mackenzie]

In the months leading to the General Election, Labour ran a tight but safe campaign, one light on radical policy and one lacking any bold vision, certainly compared to 1997. That was understandable, I suppose, because they had been through a rapid rebuild and didn't want to alienate voters. However, it also gave rise to the suspicion that they were keeping their powder dry and would unveil the bigger ideas once in power, with the first 100 days pivotal. Yet nothing genuinely big materialised, and instead all that's really been heard since is that things were economically worse than anticipated. Again, all understandable because that was what the Conservatives had done in 2010 and that message wormed its way into the public memory. The summer months have now passed but Starmer's Conference speech today hasn't revealed much more either; will the big ideas come with the first budget? Are there actually any?

I get what you are saying, but I think you are also right in saying that the budget will see the real direction.

 

[Mr Kobayashi]

As others have pointed out young couples wouldn’t have the money to buy the big houses. Even two people earning 40k per year can only borrow around £320k and that’s only 40k above the median house price in the UK. In London and the SE you can add another 160k to 300k on that.

A house that is too big for them doesn't translate as a big house i.e. four bedrooms plus.

A two or three bedroom house occupied by one person (who has no plans to expand their household) is under occupancy.

Such a house could be bought under that price bracket and an accessible flat could be bought for less, perhaps for half the sale price in some areas.

This is what happens when people respond to a quote of a quote.

In London , the old fucks should have seen sense and fucked off elsewhere and enjoyed their inflated wealth accumulated only because of government monetary policy on better things.

 

[Mr Kobayashi]

Bingo. Which is why stamp duty is such a fucking DREADFUL tax. It's a huge disincentive for anyone to move, and that in itself is really bad for any economy. You want a flexible, mobile workforce, not people locked in to their properties and unwilling to sell because of a humongous stamp duty bill if they do.

I'd scrap stamp duty completely if I was in charge. It was boost the economy enormously. Every time someone moves house they spend a shed load at B&Q and Carpet Giant and where have you.

Erm stamp duty is only paid on houses above £250,000. We were talking about them buying retirement properties under this threshold.

 

[Mr Kobayashi]

According to the Daily Heil Labour are going to:

Cut pub opening hours
Tax your fags and fuel to price you out buying any as part of the green vegan woke agenda
Replace rapists and murderers with meme creators in prisons
Allow the country to be taken over by Sharia Law
Make the BBC licence fee and official tax and double the cost

Any I've missed?

Completely agree with the tax on cigarettes. Should be as high as possible, only cut-off is when people are likely to buy smuggled cigarettes instead.

 

[mackenzie]

Completely agree with the tax on cigarettes. Should be as high as possible, only cut-off is when people are likely to buy smuggled cigarettes instead.

You complete bastard ;-)

 

[TinFoilHat]

No, I think you've summed it up pretty accurately.

I forgot Rejoin the EU by stealth in the next week.

 

[Alan Harper's Tash]

Treated myself to hostage and chips on the way to the match.

 

[The Future’s Blue!]

According to the Daily Heil Labour are going to:

Cut pub opening hours
Tax your fags and fuel to price you out buying any as part of the green vegan woke agenda
Replace rapists and murderers with meme creators in prisons
Allow the country to be taken over by Sharia Law
Make the BBC licence fee and official tax and double the cost

Any I've missed?

Only need to take your first point to debunk all the RW rhetoric. Again, LBC on the way to work were talking about Labour cutting pub opening times, basically calling it a disgrace that they curb the national pastime.

Then, they air their interview with Pat McFadden, which must’ve followed his piss-take out of Kay Burley, who basically took the piss out of Ferrari for a bit before confirming it was not a Labour policy and would never be.

Cue LBC, Ferrari with their political editor, continuing to spread disinformation by carrying on with the charade.

It’s all bluster and bullshit to keep the Tory/Reform voters something to go at.

 

[meltonblue]

.

It did got down. The 50p rate was introduced in April 2010 as reflected in the 2010-11 figures below, from the HMRC. Look what happened.

Now some of the tax in 2009-10 was due to people hurriedly paying themselves more in that year, in order to avoid the 50% in the following year**. So the effect is exaggerated. But look at 2008-09 as well, still much higher (with a max 45% rate) than 2010-11 with the 50%. Even in 2011-12, at 50% it was still bringing in less.


** which kind of proves my point: A lot of wealthy people have flexibility in their earnings and can rearrange their affairs in order to reduce their tax bills, if rates get too penal.
View attachment 132832

The overall tax revenue didn’t, that chart won’t show that. The OBR report when they changed it back in 2012 is what you want to look at, it went up by 0.6 billion rather than the 2-3 billion they thought it would. Taking it back to 45% subsequently only made a difference of 0.1 billion.

I’m agreeing with your sentiment btw (although personally I’d still up it to 50% even though it impacts me). It needs to be in conjunction with other measures too though.

 

[Kompany Car]

A house that is too big for them doesn't translate as a big house i.e. four bedrooms plus.

A two or three bedroom house occupied by one person (who has no plans to expand their household) is under occupancy.

Such a house could be bought under that price bracket and an accessible flat could be bought for less, perhaps for half the sale price in some areas.

This is what happens when people respond to a quote of a quote.

In London , the old fucks should have seen sense and fucked off elsewhere and enjoyed their inflated wealth accumulated only because of government monetary policy on better things.

This does feel like an attack on older people, highly divisive rather than inclusive.

Maybe they should just not bother with the downsizing and move straight to the coffin, or maybe that uses too much wood. Probably best for them finish work and pop off to the crematorium.

Nobody asked for house prices to go through the roof or for wages to stagnate.

 

[The Future’s Blue!]

This does feel like an attack on older people, highly divisive rather than inclusive.

Maybe they should just not bother with the downsizing and move straight to the coffin, or maybe that uses too much wood. Probably best for them finish work and pop off to the crematorium.

The recent Tory governments would love that.

‘Pile them high’.

 

[metalblue]

A small 1.5 bed bungalow takes up a larger land footprint than that of a 3 bed semi.

The building costs whilst being part of the equation are in many areas significantly less than the cost of the land.

It’s as much the opportunity cost. They can fit two houses on a bungalow footprint so even if costs aren’t more they lose revenue

 

[bluethrunthru]

I forgot Rejoin the EU by stealth in the next week.

They would not even entertain us - we have yet to apply our 2020 commitments ( vet border checks etc ) so why would they think they can negotiate with a country that is not serious about agreed treaty agreements. I want to rejoin but people need to understand what the Tories did - or indeed didn't - do

 

[The Future’s Blue!]

Quite liked today’s speech, can see things improving. The proof will be in the budget and how it affects us going forward.

 

[bluethrunthru]

Just watching the local news - covering a social centre that will be closing due to costs and lamenting the effects on pensioners. When interviewed I noted 2 were wearing Apple watches and a table littered with expensive phones. This was in York - not all pensioners are poor and I wondered how many of the £300 payments bought or upgraded Apple watches last year? Targeting is good its the level and possible taper that counts.

If you know York you will know that it has had an influx of homeless amongst whom are a lot of ex-forces - in July I watched a homeless guy in a Para's beret ( I know it could be just something he wears ) get up off a cardboard bed in the street around the corner of Betty's Tea Rooms neat HMV get up and take a shit in the doorway of the airBnB where he was asleep only to be disturbed by the people staying there trying to access it. I know people will disagree with me but rather than Hazel in Haxby getting £300 for heating rather than getting that poor twat off the streets and regaining some dignity

Keir Starmer says all military veterans will get homes

The government is promising to make it easier for people who served in the armed forces to access social housing.

www.bbc.co.uk

 

[The Light Was Yellow Sir]

According to the Daily Heil Labour are going to:

Cut pub opening hours
Tax your fags and fuel to price you out buying any as part of the green vegan woke agenda
Replace rapists and murderers with meme creators in prisons
Allow the country to be taken over by Sharia Law
Make the BBC licence fee and official tax and double the cost

Any I've missed?

Betteridge's law of headlines is states: "Any headline that ends in a question mark can be answered by the word no.
This is applicable to almost every DM headline about a Labour Government….(or, indeed, about anything or anyone they don’t like)!

 

[Kompany Car]

Hazel in Haxby

Haxby ? Surely if you want posh its Barnaby from Bootham or Bridget from Bishopthorpe.

 

[bluethrunthru]

Haxby ? Surely if you want posh its Brian from Bootham or Bridget from Bishopthorpe.

You have never been to Haxby have you?