The Labour government thread

[Engineman Hicks]

21 minutes ago, AngryOfTuebrook said:

It didn't say that.

 

It promised to freeze Corporation Tax and to "ensure taxes on working people are kept as low as possible".  It also promised to make tax fairer.

https://labour.org.uk/change/strong-foundations/

 

Nothing in that Manifesto precludes the introduction of a higher rate of Income Tax for the highest paid, or a Wealth Tax, or higher rates of Inheritance Tax, etc.

This page in the manifesto sets in detail how the spending pledges would be paid for. This is what people voted for. There is no mention at all of IHT or NI rises. 

 Labour's fiscal plan – The Labour Party

[Denny Crane]

The Green Party in their manifesto listed a wealth tax. 1% on taxpayers above 10 million and 2% on those with assets above 1 billion. They estimated it would impact less than 1% of the UK.  I suspect the Labour donors would not be in favour and would prefer the disabled and elderly bear the burden.

 

I also think you could do some really clever things with a Carbon tax. I think the paye system is broke and it will be obsolete. 

 

[Strontium]

50 minutes ago, AngryOfTuebrook said:

Tax.

 

The.

 

Fucking.

 

Rich!

 

Small fly in that ointment 

 

https://www.independent.co.uk/news/uk/politics/reeves-labour-tax-non-dom-millionaire-b2684803.html

[Bjornebye]

“Shadow business secretary Andrew Griffith said: “Our entrepreneurs and businesses are fleeing this socialist Government’s tax raid in droves.“

 

Where was he when Brexit champions like RATcliffe and scum like Rees-Mogg were using tax havens to avoid paying their share in the UK? 
 

So let me get this right it’s Labour fault that all these super rich decided to fuck off a road to protect their own financial interests? 
 

This place is infested 

[Arniepie]

3 minutes ago, Bjornebye said:

“Shadow business secretary Andrew Griffith said: “Our entrepreneurs and businesses are fleeing this socialist Government’s tax raid in droves.“

 

Where was he when Brexit champions like RATcliffe and scum like Rees-Mogg were using tax havens to avoid paying their share in the UK? 
 

So let me get this right it’s Labour fault that all these super rich decided to fuck off a road to protect their own financial interests? 
 

This place is infested 

we live in a country where people call  reeves a socialist,with a straight face 

[HazelyCosmicJove]

20 minutes ago, AngryOfTuebrook said:

I'm not precious about the details, but I've heard good suggestions for the threshold for a Wealth Tax being set at £10m or £20m.  A top rate for Income Tax could be set at £200k (or they could just increase the Additional Rate, on income over £125k, to something more than 45%).  Maybe introduce a higher rate of Inheritance Tax on estates over, say, £5m.

 

The point is, there is a fuck-ton of money in this country and the Chancellor has loads of scope to avoid punishing poor and disabled people.  She is not forced to make these cuts; she's choosing to, because she's a cunt.

The details are important.

Have a look at this - a bit dated but still interesting.

IFS Briefing Note BN253 (can't link it for some reason)

Not in favour of wealth taxes because, once in place, the entry level will drop and drop until people like us end up paying it. 

Also very wary of increasing income tax too much as evidence suggests it is counter productive.

My preference would be to target profit shifting by multi-nationals.

IHT changes wouldn't work because a lot of big wealth is hidden in trusts (Duke of Westminster dodged billions of IHT when he snuffed it). Maybe change the rules on trusts? Not sure what the implications are though.

[Anubis]

The former pro Labour Guardian comment pages have turned. Reeves taking a kicking. 

[Denny Crane]

 

 

 

 

 

 

 

[Engineman Hicks]

3 hours ago, HazelyCosmicJove said:

I can't get excited about the tickets. Why is it even a story?

It’s low level corruption. This is the 3rd example of her accepting free stuff. Nobody is giving her tickets because they like her, it’s to curry favours with a senior government minister. Interestingly the housing minister who lives near the 02 has chucked her under the bus by saying he gets loads of offers of free tickets and always turns them down. 

[Section_31]

10 minutes ago, Engineman Hicks said:

It’s low level corruption. This is the 3rd example of her accepting free stuff. Nobody is giving her tickets because they like her, it’s to curry favours with a senior government minister. Interestingly the housing minister who lives near the 02 has chucked her under the bus by saying he gets loads of offers of free tickets and always turns them down. 

 

Come off it, it's a freebie, corruption would mean someone had gotten something in exchange - I suspect Sabrina Carpenter isn't bidding for work on the third runway.

 

It's tone deaf, pointless, stupid,  but it's not corruption. 

[Section_31]

The Russians dealt with this conundrum by sending disabled people to war. You don't HAVE to choose between war and welfare. 

[Arniepie]

In the current climate,its certainly not a good look

still at least they havent dont anything really bad like use a pandemic to cream off billions.

if that happened,the media would never let us hear the end of it.  

[Arniepie]

250,000 more people, including 50,000 more children, will be pushed into relative poverty by benefit cuts, DWP says

The Department for Work and Pensions’ impact assessment of the health and disability benefit cuts also says that will put an extra 250,000 people, including 50,000 children, into relative poverty.

The potential impact of these reforms on poverty projections has been estimated using a static microsimulation model. Using this model, we estimate there will be an additional 250,000 people (including 50,000 children) in relative poverty after housing costs in 2029/30 as a result of modelled changes to social security, compared to the baseline projections.

yayy

[Anubis]

27 minutes ago, Section_31 said:

 

Come off it, it's a freebie, corruption would mean someone had gotten something in exchange - I suspect Sabrina Carpenter isn't bidding for work on the third runway.

 

It's tone deaf, pointless, stupid,  but it's not corruption. 

 

 

My understanding is that she disn't get the tickets of Sabrina Carpenter, she was invited into a 'VIP Box' by somebody who probably is trying to curry favour, albeit their identity has not been disclsoed from what I've read.

[Nelly-Szoboszlai]

The new policies announced today will apparently force around 250,000 people into poverty.

 

George Osborne will be looking on at Reeves with little tears of pride in his eyes.

[A Red]

Must admit it doesn't bother me when ministers get freebies for concerts/football/meals etc. I see it as a perk of the job. I suppose it matters who does the buying. 

[Arniepie]

You don’t just give politicians and expect nothing in return. Its probably rife in politics.

Quire ironic really seeing as we have just been doing E learning which involves pointing how the dangers of working in the public sector and  accepting gifts from private companies/individuals 

 

[Denny Crane]

One that isn't getting mentioned is 150k unpaid carers will lose the chance to claim carers allowance due to the change in PIP.

 

Presently if a person can't clean themselves below the waist they qualify, under Labour's new scheme they will no longer qualify for PIP meaning the entitlement to carers allowance will disappear. I'm not sure what the unintended consequences will be but I suspect it will be significant and it will probably push more people into the care system. I can't emphasise this enough, unpaid carers save the government/local authority an absolute fortune. 

[Engineman Hicks]

The whole corporate hospitality industry is organised corruption in plain sight. Nobody is taking clients to anything for altruistic reasons. I used to do a lot of it but got bored having to make small talk with pissed up bankers. Cricket was the worse, its a long day to be talking about a sport i dont really like to basically a stranger you are trying to make friends with. 

[Arniepie]

6 minutes ago, Denny Crane said:

One that isn't getting mentioned is 150k unpaid carers will lose the chance to claim carers allowance due to the change in PIP.

 

Presently if a person can't clean themselves below the waist they qualify, under Labour's new scheme they will no longer qualify for PIP meaning the entitlement to carers allowance will disappear. I'm not sure what the unintended consequences will be but I suspect it will be significant and it will probably push more people into the care system. I can't emphasise this enough, unpaid carers save the government an absolute fortune. 

Presumably people will also have to leave work if they have a relative who is going to lose a lot of support?  

[littletedwest]

1 hour ago, Nelly-Szoboszlai said:

The new policies announced today will apparently force around 250,000 people into poverty.

 

George Osborne will be looking on at Reeves with little tears of pride in his eyes.

Apparently Osborne looked at PIP cuts and decided it was too harsh. Imagine doing something as a Labour chancellor that even he considers a bit unfair.

[AngryofTuebrook]

4 hours ago, Engineman Hicks said:

This page in the manifesto sets in detail how the spending pledges would be paid for. This is what people voted for. There is no mention at all of IHT or NI rises. 

 Labour's fiscal plan – The Labour Party

No mention; so they are not ruled out.

[Strontium]

22 minutes ago, Engineman Hicks said:

The whole corporate hospitality industry is organised corruption in plain sight. Nobody is taking clients to anything for altruistic reasons. I used to do a lot of it but got bored having to make small talk with pissed up bankers. Cricket was the worse, its a long day to be talking about a sport i dont really like to basically a stranger you are trying to make friends with. 

 

In the 80s they would just take them to strip clubs. It was a more civilised time.

[Engineman Hicks]

6 minutes ago, AngryOfTuebrook said:

No mention; so they are not ruled out.

That’s desperate stuff. I think a reasonable non partisan reading of the manifesto would say it was significantly misleading. You can’t set out detailed income and expenditure plans then bring in taxes you didn’t mention and say “well I didn’t say I wouldn’t do that as well”. 

[Engineman Hicks]

12 minutes ago, Strontium said:

 

In the 80s they would just take them to strip clubs. It was a more civilised time.

I don’t see Rachael Reeves going to a strip club.