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What Rachel Reeves does next? Surprised no thread on this yet. It's all over Twitter

552 replies

Sharingsomewisdom · 21/08/2024 13:50

https://www.dailymail.co.uk/news/article-13764547/Rachel-Reeves-mulls-tax-hikes-spending-squeeze-raising-rents-social-housing-Chancellor-sees-Government-borrow-3bn-forecast-month.html

Or am I the only one interested what she is eying next? Any comment on the reasonableness or otherwise of Rachel's next focus?

Chancellor sees Government borrow £3bn more than forecast last month

According to the Office for National Statistics ( ONS ), public sector net borrowing stood at £3.1billion in July.

https://www.dailymail.co.uk/news/article-13764547/Rachel-Reeves-mulls-tax-hikes-spending-squeeze-raising-rents-social-housing-Chancellor-sees-Government-borrow-3bn-forecast-month.html

OP posts:
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17
Charlie2121 · 21/08/2024 19:03

The main issue is that Labour have shown themselves to be inherently dishonest. Numerous pledges they made during their time in opposition have been dropped immediately.

There is a clip from 12 months ago where Starmer is talking about how disgraceful it is that the Conservatives have even considered cutting the winter fuel allowance. Fast forward to the election and within a month Labour has withdrawn it from millions of pensioners.

The wider economic situation post Covid has been in the public domain for ages. If Reeves and Labour claim they didn’t know they are either liars or grossly incompetent. Maybe they should confirm which it is.

Starmer is a like a rabbit in the headlights. I’m pretty sure he has imposter syndrome. It’s easy to sit on the sidelines being critical, it’s a very different matter when you become accountable.

Seeing him in NI this week calling all rioters there racist just shows how out of his depth he is. I’m sure pretty much everyone there felt offended by that.

The government appear to be way out of their depth and we’ll all have to pay the price for their incompetence.

Same old Labour, in the thrall of the unions, promoting high tax and clueless about how to create growth.

For the first time in my life I feel the government is my enemy which is sad.

Theolittle · 21/08/2024 19:00

The country’s debt DOUBLED under the tories BEFORE COVID. It’s now £2.7 trillion

Anyone with a brain before the election knew there was pain to come, but none of the political parties would be honest about it. Particularly reform/greens, but they can lie because they know there’s no chance of them winning.

So I’m not too worried that Rachel Reeves is doing unpopular things. I feel like the adults are back in the room, decent people.

Allthegoodnamesarechosen · 21/08/2024 19:00

blackcherryconserve · 21/08/2024 17:15

Not sure the DM was for Remain tbh.

You are right. The owners brought in a new editor who was very remain….but the readers ( and a lot of other people) did not do as they were told.

iwishihadknownmore · 21/08/2024 18:59

dottiehens · 21/08/2024 18:54

Budget hole??How Labour missed this before being elected? The OBR is there for a reason.

Edited

Would it have mattered?

the cause is the Tories badly managing the economy and cutting NI without any means to pay for it.....

dottiehens · 21/08/2024 18:54

Budget hole??How Labour missed this before being elected? The OBR is there for a reason.

Farting · 21/08/2024 18:53

rumblegrumble · 21/08/2024 18:31

Like poll tax? Sure someone tried that once...

Yep it was absolutely a vote winner..

They were rioting with joy..

lol..

User6874356 · 21/08/2024 18:52

cardibach · 21/08/2024 16:33

Except the bits of the civil service which oversee the ‘books’ have said there was expenditure they weren’t told about. Lots of it. So, no, they didn’t know how bad it was before the election.

That’s not the case. There are things which can be accounted for in a different way and costs which have overrun. But that’s entirely usual

daisychain01 · 21/08/2024 18:51

TooBigForMyBoots · 21/08/2024 14:27

I live in SH and I think the slight increase in rent is a great idea for funding more social housing.

The money to rebuild the UK has to come from somewhere. There's no magic money tree.🤷‍♀️

You're the right person to give your views on this decision. Its very refreshing to read someone affected by a change (SH, Vat on PS, WFP) being so magnanimous and seeing the bigger picture.

Farting · 21/08/2024 18:51

nearlylovemyusername · 21/08/2024 18:50

So benefitting those economically inactive again?

.

Farting · 21/08/2024 18:50

CroftonWillow · 21/08/2024 14:35

Unfortunately modern western economies have become addicted to debt, and I do mean literally addicted. It's so entrenched in all aspects of the financial system that it literally ceases to function properly when we try to wean off it. Hard to know how long we can continue on this path but it will eventually end catastrophically for everyone all over the world with the mother of all financial crashes.

Not much longer is the answer.

Then it gets proper real.

nearlylovemyusername · 21/08/2024 18:50

Spectre8 · 21/08/2024 18:27

I think every working adult in a household should pay council tax.

So benefitting those economically inactive again?

Nanana1 · 21/08/2024 18:50

I’m not arguing to reduce the amount a single person gets but surely a household with two adults is less likely to need as much care because the other adult takes on a lot of the caring?

Spectre8 · 21/08/2024 18:47

iwishihadknownmore · 21/08/2024 18:36

We could raise money by equalising earned vs unearned tax rates and by CT revaluations on the top 3 most expensive bands.

Incredible people, inc Reeves, want to hit the least well off instead.

However, Labour are weak and wont do either.

Yup I only wrote it because sick of hearing people say get rid of single person ct not realising this:

In a house with 2 adults where it is £100pm they each pay £50pcm

In a house of one person of same ct rate it's £75

Both houses the adults get old and need adult social care funded by the council which is paid for via council tax. Let's for argument sake say it costs a council £200pcm per person

House with two adults both needing social care costs £400

House with one person costs £200

The house with 2 adults have individually paid less council tax then single person but receive the same amount in adult social care.

So yet again the single person is subsiding other people. So quite frankly this why the reaction when someone says grt rid of the discount is always fuck off we subsidise every group of people and this is all we bloody get.

RufustheFactualReindeer · 21/08/2024 18:46

DM and its Readers were Brexit and that's what they said to remainers: you lost, get over it

not every reader…but i don’t doubt its the majority

Bushmillsbabe · 21/08/2024 18:43

Greybobblyowl · 21/08/2024 18:13

Personally I think she should go for the single person council tax allowance reduce that by 2%

Yay, let's target pensioners a little bit more. And women. As women live longer than men there are more female pensioners living alone than male ones

Lancrelady80 · 21/08/2024 18:43

all the news pundits, say that the big hole has been caused by the recent massive overspend on public sector workers.

That's because they hate all public sector workers and think we should work for free just for the love of the job.

Greybobblyowl · 21/08/2024 18:40

I’ve just had a look at my borough LHA . For a 3 bed house the maximum rate that can be paid to a private landlord and covered fully by UC housing element is £1000 more than the average rent for a 3 bed council house that is fully covered . That’s a huge difference . That gap needs closing - that’s where money will be saved !

iwishihadknownmore · 21/08/2024 18:36

Spectre8 · 21/08/2024 18:27

I think every working adult in a household should pay council tax.

We could raise money by equalising earned vs unearned tax rates and by CT revaluations on the top 3 most expensive bands.

Incredible people, inc Reeves, want to hit the least well off instead.

However, Labour are weak and wont do either.

Sharingsomewisdom · 21/08/2024 18:34

Have caught up now. Thank you all.

OP posts:
iwishihadknownmore · 21/08/2024 18:34

rumblegrumble · 21/08/2024 14:42

Still waiting for her to acknowledge that the economy she's inherited is actually in a very good place and the fastest growing in the G7. Odd how little that's being talked about...

Fastest growing from a very low base! our growth is also predicted fall faster then most G7 later in the economic cycle.

UK PLc is in a very bad place, with debt set to rise, even under Hunts forecasts.

Bottom line is Hunt cut 4% off NI and that now has to be paid for, some £12 billion, Hunt also didn't set aside any extra money for the pay review body pay rises, not one penny.

He shafted the UK for political gain.

He should be in jail for those 2 things alone, instead he'll probably get a Knighthood.

rumblegrumble · 21/08/2024 18:31

Spectre8 · 21/08/2024 18:27

I think every working adult in a household should pay council tax.

Like poll tax? Sure someone tried that once...

Greybobblyowl · 21/08/2024 18:28

Spectre8 · 21/08/2024 18:27

I think every working adult in a household should pay council tax.

I agree

Spectre8 · 21/08/2024 18:27

Greybobblyowl · 21/08/2024 18:13

Personally I think she should go for the single person council tax allowance reduce that by 2%

I think every working adult in a household should pay council tax.

Greybobblyowl · 21/08/2024 18:25

Julen7 · 21/08/2024 18:20

Great as if single people don’t cop it enough already

for example a 2% reduction in LHA and a 2% reduction in the single person council tax discount would make actual savings. Increasing social housing rent will just be shifting money from one department within the government to another ?

Also maybe they should redirect the ULEZ payments somewhere (what do they get spent on currently? Some drivers are paying £12.50 a day)

Julen7 · 21/08/2024 18:20

Greybobblyowl · 21/08/2024 18:13

Personally I think she should go for the single person council tax allowance reduce that by 2%

Great as if single people don’t cop it enough already

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