The Labour Government

[Brewster's millions]

Rrrrriiiiiggghhhttt - so you present your own feelings and suppositions as fact but have no actual facts to back it up.
Am really disappointed that you didn't come back with Mel Stride as your answer tbh.

The 10 year gilt yield finished up 16bp higher today because of the concerns around a change in fiscal policy, and it was actually up around 20bp before No10 calmed things down by suggesting that Starmer still backed Reeves. I’m sure you see this as some great, puzzling coincidence but I would think that most people can see the connection.

For reference every %-pt increase in gilt yields costs an extra £4bn in debt financing costs this year and that rises to nearly £7bn next year.

 

[BlueHammer85]

This post aged well

It’s not changed, those Reform voters denouncing this bill would actually prefer much much further cuts to those out of work and on disability.

 

[Chippy_boy]

Thats it in a nutshell folks, good post, so these side taking posts are not doing anyone any good. I honestly have no idea where the money is gonna come from, and I'm pretty sure none of the political parties have either.
I'm not sure Joe Public want to hear it though.

There's plenty of other pots to raid. Yet another freeze on allowances is a given, raising more through fiscal drag.

Also limiting tax relief on pension contributions to basic rate, would piss off mainly non-Labour voters, so that's on the cards. Ditto some additional penal changes to IHT. Then there's increases to fuel duty, masquerading as climate change necessity and not a tax increase at all. There's a myriad of things they can do to whittle away at our standards of living without any one thing being so bad as to cause a riot.

Sadly.

 

[meltonblue]

I think people (well me) do object to paying more tax when the Government is shelling out millions everyday for people arriving every day in boats. They really do have to sort out this money drain before they come cap in hand back to people who are struggling with homelessness and child poverty and a whole host of other domestic hardships.

The cost of the asylum system is 15 billion per year. The cost of obesity on the UK from a study released today is 126 billion per year.

Why is the ire always directed in the same way?

 

[Ohrodneyrodney]

Badenoch hit a new low today: kicking another woman while she was down. That is not a good look.

That’s a really strange take. Whilst I have a lot of sympathy for an obviously over promoted lady who has been broken by her boss, I struggle to blame her political opponent for making the most of the situation.
If you can’t stand the heat…

 

[BigJoe#1]

The cost of the asylum system is 15 billion per year. The cost of obesity on the UK from a study released today is 126 billion per year.

Why is the ire always directed in the same way?

Immigration is one of many options. I was considering what we would raise taxes to pay for? More Immigration?

 

[hilts]

I think the majority would like to see less immigration.

However, if, for example, you said the price of that is higher taxes to pay for more of our own people to be trained in shortage skills, with retirement age up to at least 70, or maybe 75, plus 5-7 years to accomplish the transition, you would get outrage. And you'd be told that the immigrants they mean are all sitting at home on the dole.

The bottom line is it's impossible to have a sensible debate about immigration as some will never accept that at least some of it is necessary to enable us to live as we do today and believe that there would be no negative consequences if it all stopped tomorrow.

I leave aside the question of asylum seekers. There's no unilateral way to solve that; it needs international cooperation, especially with the EU (horror!) and an acceptance that we will still need to take our share. Unless you fancy being like North Korea.

And some won't accept some actually is unnecessary. As always the failings are pretty much the same on both sides and unless that changes then round and round we go. You need to find a way to get those not paying their share to cough up first.
It's not a surprise that someone on PAYE who pays their amount and still struggles like fuck might be a bit pissed that they get well how much are you willing to.pay for services.

 

[hilts]

There's plenty of other pots to raid. Yet another freeze on allowances is a given, raising more through fiscal drag.

Also limiting tax relief on pension contributions to basic rate, would piss off mainly non-Labour voters, so that's on the cards. Ditto some additional penal changes to IHT. Then there's increases to fuel duty, masquerading as climate change necessity and not a tax increase at all. There's a myriad of things they can do to whittle away at our standards of living without any one thing being so bad as to cause a riot.

Sadly.

There are indeed

 

[meltonblue]

Immigration is one of many options. I was considering what we would raise taxes to pay for? More Immigration?

?!

 

[Millwallawayveteran1988]

There's plenty of other pots to raid. Yet another freeze on allowances is a given, raising more through fiscal drag.

Also limiting tax relief on pension contributions to basic rate, would piss off mainly non-Labour voters, so that's on the cards. Ditto some additional penal changes to IHT. Then there's increases to fuel duty, masquerading as climate change necessity and not a tax increase at all. There's a myriad of things they can do to whittle away at our standards of living without any one thing being so bad as to cause a riot.

Sadly.

Salary Sacrifice is one area they could target. It is overly generous in my opinion and I benefit from it.

 

[Brewster's millions]

That makes no sense, you’re saying we’d be in a much better position if Starmer had replaced her with someone that you think is likely to be worse…

Bloody hell.

If Starmer had got rid of her months ago, when he still had some authority and replaced her with someone like Cooper or even McFadden, then they could have scaled back borrowing and strengthened the credibility of the fiscal rules.

Now we’re in a situation where Starmer’s authority has been severely depleted and the next Chancellor will be to the left of Reeves, possibly significantly so, and it’s very likely that the fiscal mandate will change.

 

[hilts]

I think people (well me) do object to paying more tax when the Government is shelling out millions everyday for people arriving every day in boats. They really do have to sort out this money drain before they come cap in hand back to people who are struggling with homelessness and child poverty and a whole host of other domestic hardships.

It was just that Hampshire blokes inept attempt at deflection because he couldn't bring himself to answer a question on a football forum. People will pay extra if everyone is in it together. Fuck corporations and greedy fuckers getting a pass because politicians are scared of them.
Self employed too tbh.

 

[Brewster's millions]

Starmer has chucked her under a bus.

Self-preservation has kicked in.

It might be a bit too close to the recess to have a reshuffle but I suspect he can’t leave it too much later.

 

[west didsblue]

We’re one year in to a five year term. Hopefully the fuck ups of the last few months will be a learning experience for the government and things will settle down. They’ve certainly got a challenge when three quarters of the media ignore anything positive and just jump on any perceived problems.

 

[hilts]

The cost of the asylum system is 15 billion per year. The cost of obesity on the UK from a study released today is 126 billion per year.

Why is the ire always directed in the same way?

God help the obese asylum seeker:-)

In fairness obesity is mentioned a lot and I'm not sure you can get those who currently live here to jump on the scales before they are allowed back in blighty.
Sugar tax, fat jabs, alcohol and cigarette tax. I wouldn't say we ignore health issues.

With a demographic explosion problem we appear insanely keen on trying to keep people living longer.

 

[Hertzblue]

Bloody hell.

If Starmer had got rid of her months ago, when he still had some authority and replaced her with someone like Cooper or even McFadden, then they could have scaled back borrowing and strengthened the credibility of the fiscal rules.

Now we’re in a situation where Starmer’s authority has been severely depleted and the next Chancellor will be to the left of Reeves, possibly significantly so, and it’s very likely that the fiscal mandate will change.

You see what I mean, chat room Zombie apocalypse- no matter how many arms and legs you cut off - they just keep coming lol

 

[west didsblue]

God help the obese asylum seeker:-)

In fairness obesity is mentioned a lot and I'm not sure you can get those who currently live here to jump on the scales before they are allowed back in blighty.
Sugar tax, fat jabs, alcohol and cigarette tax. I wouldn't say we ignore health issues.

With a demographic explosion problem we appear insanely keen on trying to keep people living longer.

Is it time to cull the fatties?

 

[Blue and true]

You raise a very fair point. The £20bn black hole horse has been truly flogged enough already, and the last budget was suipposed to have been so dire, in order to fix that and fund other things. We're now done with blaming the Tories, and yet we are being told more tax rises are inevitable. I think they are. I also think that Labour need to man up and own them "these one are on us", rather than blaming the Tories, Donald Trump, the Palestinians, Putin or anyone else.

People need to understand that voting Labour means more unemployment and higher taxes. It always does. Sure then get to brag about spending more on X or Y or A or B and that's a choice. But it comes at a cost and people need to vote for that. Not be conned into thinking Labour have a magic wand.

No political party has a magic wand. The Tories decimated public services for well over a decade, they starved the public sector of any real time wage growth for the same amount of time. What's the only solution to reverse that? Higher taxes. Not a magic wand, just reality.

 

[Manc in London]

I'm not a nasty person but I will say I have zero sympathy for her.

Where was her empathy when she was trying to take money away from disabled people. Some of those people will have been tortured mentally about the thought of not being able to make end's meet and pushed into poverty.

Hands in the air, I don't know the nuances of the PIP issue. To say she is cruel, you would have to know the choices available to her. To be fair, amending benefits is very complex.

I don't like this iteration of Labour. They have a number of faults but I do believe they are acting like adults, which makes them an improvement to any government post 2019. However, I do not see them as nasty at all.

As for having no sympathy, I would reserve that for evil of the likes of Hitler, Pol Pot, Putin etc.. I think you may be overreacting a tad. The irony is that you have no empathy for her supposedly lacking empathy.

 

[hilts]

We’re one year in to a five year term. Hopefully the fuck ups of the last few months will be a learning experience for the government and things will settle down. They’ve certainly got a challenge when three quarters of the media ignore anything positive and just jump on any perceived problems.

We have all gone through the don't be shits to the disabled learning curve. The excuses for basic lack of decency is incredible really.