The Labour Government

metalblue said:
Are you saying Reeves had no intention of raising income taxes?
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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.
 
hampshireblue said:
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.
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I don’t think she can raise income taxes and stay in position.
 
hampshireblue said:
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.
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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??
 
metalblue said:
Are you saying Reeves had no intention of raising income taxes?
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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.
 
meltonblue said:
I don’t think she can raise income taxes and stay in position.
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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.
 
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.
 
Brewster's millions said:
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.
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We do not know anything
 
Brewster's millions said:
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.
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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.
 
i kne albert davy said:
Things tough in the Czech Republic as well eh, we've got enough problems of our own to sort.
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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 Future’s Blue! said:
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.
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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.
 
Blue Maverick said:
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.
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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.
 
PragueBlue said:
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.
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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.
 
i kne albert davy said:
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.
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I just believe the UK needs more money from the public purse if you want a better NHS, better public transport, policing, prison system etc. You can't have it all on a fairly low tax system.

I also think that when the compulsory pension contribution system came in, it wasn't expected that so many people would live so many years beyond the pension age. I did a little bit of (admittedly limited) research and when it was brought in the average age of death compared to pensions was less than half that it is now. It's just not all sustainable.
 
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Brewster's millions said:
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.
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what U-turn is that?

A U-turn would be implementing a policy then reversing it. They have been flying kites - seeing what the lie of the land is. Personally not a tactic I like I much preferred the traditional pre-budget period of purdah TBH

a U-turn is being made PM, appointing a chancellor and holding a "fiscal event" in circumstances that you were warned not to then taking the markets, canning your chancellor and your fiscal event in an effort to save your hide before resigning in disgrace. Thats a U-turn
 
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