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.

 

[Brewster's millions]

Yeah but his Dad worked in a factory, so he can’t be a bullshitter, cor blimey Guvnor!

 

[Blue Llama]

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?

Same issue applies, be economical with the truth and influence the data. Honestly though how you or anyone can believe what the Tories say after the last government's constant disinformation beggers belief.

 

[MCFC Wirral]

Yeah but his Dad worked in a factory, so he can’t be a bullshitter, cor blimey Guvnor!

I worked summer jobs in factories as a student. I think I met one or two.

“There ain’t no jobs out there” was a belter from one in response to me going to college / university.

 

[hilts]

Yeah but his Dad worked in a factory, so he can’t be a bullshitter, cor blimey Guvnor!

Taking money off pensioners because of 46 billion black hole bad

Taking money off pensioners because of 20 billion black hole unavoidable

 

[Eccles Blue]

Pointless mate. Yes I'm sure eighty year old Ethel wants to spend her final years living with a lodger. Also overlooking the fact if she took one in they'd cut her benefits.

I’m over 80 live alone, pay for everything myself, including essential alterations I needed to be able to stay living alone and looking after myself.
I have a ‘private’ pension which takes me just above the limit apparently for any pension credit. Also I have limited savings which I had earmarked for repairs to my home.
Most pensioners have to have the heating on all day in winter and I rely on the WFA to be able to pay my fuel bill.
I am not pleading poverty I am just asking not to have to go cap in hand after all the years I’ve managed to bring up 4 children alone. I’ve never asked for state or any other help and I sure as hell am not going to start in my mid 80s thank you.
The other lot took the TV licence payment. This government take the fuel allowance. C’est la vie!

My offspring would help me but I didn’t raise them to look after me I raised them to be independent and raise their own. Plus I’ll manage without anyone’s help thank you. Except my own pigheadedness!! *lol*
What’s the alternative? I get up every morning so I’ll manage but this is the last year for my season card! :-)



EDIT: p.s. When I do go on holiday it is usually to visit my Canadian family and they pay half of my fare and would pay it all but no way Jose!!

 

[Vic]

The old quote someone on shitloads of money to justify taking it off someone just above the line, spin spin spin. How Tory of you.

Now don't be silly.

It's £5 a week, still to be paid to the poorest pensioners, after £36 a week increase over the last two years.

If there wasn't the constant demand that chancellors rule out income tax rises, we could maintain universal benefits (and increase pensions generally) and take it back in tax by raising the rates of tax on those with higher incomes (pensioners included). I think a 1% increase on the higher rate would have been an alternative to means-testing the winter fuel payment.

 

[hilts]

Now don't be silly.

It's £5 a week, still to be paid to the poorest pensioners, after £36 a week increase over the last two years.

If there wasn't the constant demand that chancellors rule out income tax rises, we could maintain universal benefits (and increase pensions generally) and take it back in tax by raising the rates of tax on those with higher incomes (pensioners included). I think a 1% increase on the higher rate would have been an alternative to means-testing the winter fuel payment.

So are you in favour of taking the payment off pensioners and killing 4000 of them or not Vic?, come on you can be honest here. I promise not to remove the whip on you:-)

Oh almost missed that, a top indicator when someone picks a side and spends their life defending them.

Your side - they have received x amount extra

Other side - it's not an increase its keeping up with the cost of living. Otherwise it's a pay cut.

So transparent

 

[mancityvstoke]

Now don't be silly.

It's £5 a week, still to be paid to the poorest pensioners, after £36 a week increase over the last two years.

If there wasn't the constant demand that chancellors rule out income tax rises, we could maintain universal benefits (and increase pensions generally) and take it back in tax by raising the rates of tax on those with higher incomes (pensioners included). I think a 1% increase on the higher rate would have been an alternative to means-testing the winter fuel payment.

That £36 a week is not enough...............you try living on 200 quid a week pal.


Some of you are in for a shock when you retire and we are gone.

 

[bluethrunthru]

The issue isn’t whether or not the incoming government knew the extent of the financial ruin prior to taking office, the issue is that the outgoing government knowingly left the country in financial ruin. Let’s not get distracted here.

 

[urban genie]

Now don't be silly.

It's £5 a week, still to be paid to the poorest pensioners, after £36 a week increase over the last two years.

If there wasn't the constant demand that chancellors rule out income tax rises, we could maintain universal benefits (and increase pensions generally) and take it back in tax by raising the rates of tax on those with higher incomes (pensioners included). I think a 1% increase on the higher rate would have been an alternative to means-testing the winter fuel payment.

When people are asked about paying more tax for better services most say they are happy to, it is a media and government myth most in society are afraid of tax rises, it it those best off who peddle it becasue they want lower tax and to contribute less.

I agre thpugh 1% increase on the hogher eare would have been a more well intentioned option than what reeves has given.