The Labour Government

[blueish swede]

Had a quick look and it seems you can give as much as you want. If you croak within 7 years then it counts towards iht.

After the 3rd year 20% more per year is exempt from iht, 4 years= 40%, 5 yrs=60% etc.

 

[abu13]

I get 17.25 x 52 = 897. How do you get 3.5k? 4 children would get you around £4000 per annum as 26.05 for first child.

I believe it is a higher rate for people on universal credit.

 

[hampshireblue]

I believe it is a higher rate for people on universal credit.

Did you bother to read my post earlier with the figures?

 

[Kompany Car]

Ah got you. You are talking about what happens in reality and the fact that the rich can 'buy' better accountants etc and therefore make use of loopholes (possibly designed to only be accessed by the wealthy themselves). I'd agree, all rules, laws, etc regulations should be the same for everyone. (However, would that mean there should only be one rate of income tax?)

I'm actually talking about how most of us are capitalists at heart and that when it becomes our turn to pay extra to the state, either legally or voluntary, we all suddenly start looking at ways to save our money from the taxman, either legally or possibly dishonestly. So I think I am more interested in human nature and our great capacity to be bullshitters, all of us, when it is ourselves affected.

I agree and can see where your thoughts about the behaviour and Animal Farm come from. Human nature by default is for people to be competitive but align with people who are similar in both financial and social standing. A truly equitable society is however completely at odds with capitalism and socialism for that matter, as those who align with the elected leaders always benefit. Nepotism is rife. You only have to look at the donors of our political parties to see that happening.

 

[hampshireblue]

I’d get rid of triple lock for sure.

Pensioners are a vast untapped source of potential growth. There are maybe quite literally millions of them who have a lot to contribute if the opportunity for quality retraining was provided. We can fund this by pretty much scrapping sickness benefit and not funding feckless fuckers who keep having kids and expecting everyone else to pay for them.

Without tax relief, businesses fold, unemployment rises and the welfare bill increases.

i see you're back. Any answers from you on which workers need, according to you, to have their pay cut that you alluded to last week?

 

[johnny crossan]

Doesn’t appear this was anything other than an error, serious enough for the big cheese to quit but an error nonetheless rather than some fifth column

Not referring to the early leak of OBR analysis on budget day but their letter three days later, the chair has resigned now

Head of OBR resigns after Budget day publishing error

Earlier, the Office for Budget Responsibility said publishing details of Reeves's Budget early was not an intentional leak, nor the work of a hostile actor.

www.bbc.co.uk

this is the letter

 

[metalblue]

Not referring to the early leak of OBR analysis on budget day but their letter three days later, the chair has resigned now

Head of OBR resigns after Budget day publishing error

Earlier, the Office for Budget Responsibility said publishing details of Reeves's Budget early was not an intentional leak, nor the work of a hostile actor.

www.bbc.co.uk

They (the OBR) were asked by Dame Meg Hillier to set out a timeline for its pre-Budget forecast process, which informed the Chancellor’s decision-making.

Nothing to see here, they were merely fulfilling that request.

 

[Axel Freed]

i see you're back. Any answers from you on which workers need, according to you, to have their pay cut that you alluded to last week?

I started with Stewards at City which in view of subsequent events seems very sensible of me

Add to that any McJob you care to name

 

[TinFoilHat]

 

[Ifwecouldjust.......]

I would have thought the obvious answer would be a mandatory annual mileage submission

Done through an annual MOT perhaps .... rather than after 3 years from new

 

[Brewster's millions]

They (the OBR) were asked by Dame Meg Hillier to set out a timeline for its pre-Budget forecast process, which informed the Chancellor’s decision-making.

Nothing to see here, they were merely fulfilling that request.

And the information was only provided by the OBR after the Treasury agreed to the disclosure of the additional detail.

So the Treasury knew what information was to be disclosed, and when it was being released.

Quite the act of sabotage!

 

[johnny crossan]

They (the OBR) were asked by Dame Meg Hillier to set out a timeline for its pre-Budget forecast process, which informed the Chancellor’s decision-making.

Nothing to see here, they were merely fulfilling that request.

Hughes admits in the opening sentence his letter is an unusual step and he knew it'd be used by the Tories to attack Reeves

Dear Dame Meg,

Forecast process for the November 2025 Economic and fiscal outlook

Given the unusual volume of speculation on the subject prior to Budget day, I am taking the unusual step,with the agreement of the Treasury, of writing to the Commons Treasury Committee to set out the facts concerning the evolution of the OBR’s pre-measures forecast over the course of the past four months. This is not, and is not intended to become, our usual practice. However, given the circumstances in this case and now that our final forecast has been published, I consider it appropriate to provide the Committee with some limited details from earlier forecast rounds in order to address any potential misconceptions about them....

 

[johnny crossan]

And the information was only provided by the OBR after the Treasury agreed to the disclosure of the additional detail.
So the Treasury knew what information was to be disclosed, and when it was being released.
Quite the act of sabotage!

What was asked for by TSC did not resemble what was delivered by the OBM - instead it was a blatant attack on Reeves.

 

[TinFoilHat]

Gideon gack lover Osborne set up the OBR for this very purpose.

 

[Brewster's millions]

What was asked for by TSC did not resemble what was delivered by the OBM - instead it was a blatant attack on Reeves.

Right, yeah.

 

[johnny crossan]

Right, yeah.

Insightful as ever.

 

[Brewster's millions]

Insightful as ever.

I’ve provided you with all the information you’ve needed today, and from this any rational person would determine that your silly statements around the OBR are wildly inaccurate and entirely baseless.

Quite why you keep repeating opinions which are clearly false - laughably so in fact - is unclear, and to be honest I’m not terribly interested in your motivation for doing so. The strength of your opinions certainly isn’t related to your knowledge of the matter, as everyone in the thread can see.

 

[blueinsa]

Hughes admits in the opening sentence his letter is an unusual step and he knew it'd be used by the Tories to attack Reeves

Dear Dame Meg,

Forecast process for the November 2025 Economic and fiscal outlook

Given the unusual volume of speculation on the subject prior to Budget day, I am taking the unusual step,with the agreement of the Treasury, of writing to the Commons Treasury Committee to set out the facts concerning the evolution of the OBR’s pre-measures forecast over the course of the past four months. This is not, and is not intended to become, our usual practice. However, given the circumstances in this case and now that our final forecast has been published, I consider it appropriate to provide the Committee with some limited details from earlier forecast rounds in order to address any potential misconceptions about them....

Even Swinney says she lied and he is no Tory.

If the word lie offends, maybe economical with the truth might help ;-)

 

[johnny crossan]

I’ve provided you with all the information you’ve needed today, and from this any rational person would determine that your silly statements around the OBR are wildly inaccurate and entirely baseless.

Quite why you keep repeating opinions which are clearly false - laughably so in fact - is unclear, and to be honest I’m not terribly interested in your motivation for doing so. The strength of your opinions certainly isn’t related to your knowledge of the matter, as everyone in the thread can see.

The truth is you have provided nothing at all except empty assertions that Starmer and his government have got the OBR's attempt to damage their credibility all wrong, meanwhile its head has resigned and the lie that Reeves misled anybody has been truly nailed. Sad to see someone so easily fooled by Comical Kemi and her grisly crew.

 

[johnny crossan]

Even Swinney says she lied and he is no Tory.

If the word lie offends, maybe economical with the truth might help ;-)

If you believe anything the Scots Nationalists say you need help. You do know they are about to exterminated in the May elections. Reeves did not lie to anybody, the media have accepted the evidence and moved on, you should do the same.