Labour planning to freeze tax thresholds longer

@Summernightsinthe21stcentury it's all going to be funded by growth, remember? I guess they're now planning on taxing and cutting their way to growth or something...

Back on planet Earth, I agree with you on the basic rate tax though. Although overall tax take is very high our tax rates at the lower end are very low relative to peers. 1% from everyone, long with sensible things like removing some of the daft IHT exemptions which only benefit very high earners would be pretty reasonable.

See this is nonsense, would you all prefer the strikes we have seen over the past several years from junior doctors and railway workers to keep on going? Of course they had to settle these strikes, and if the tories had got back in again, they would have had to eventually.

We're not going to see any improvements, any increased taxation and the budget cuts to government departments are to keep things at the pitiful level they are. That's been made clear to dept heads.

These threads really do go round and round in circles.
Has anybody ever once made a convincing argument where someone on the other side said, oh right you have changed my mind, I will not vote x, I'll now vote y like you!😂

The rich don't need public services - they can pay for healthcare privately, pay for education privately, pay for a driver instead of a train, etc

those of us below that income would like to have a decent public service to look after us and we will need to pay for it somehow

Yes. The IFS said they had all the figures and that their pre-election maths didn't add up. They then created more of a black hole by giving public sector pay rises which need funding.

@cardibach no, I didn't miss it and I don't believe Labour did either. It was known about and several commentators (notably Tom Swarbrick on LBC) were going nuts trying to get Labour to acknowledge it and talk about their plan. Labour chose to lie instead and try to present it as new news once elected. More bollocks, but you swallow it and meekly accept your tax rises and ever-lasting austerity if you like.

Perhaps your "head in the sand" route is best actually - me getting angry about politicians lying made no difference other than to my blood pressure under the Conservatives and it'll make no difference under Labour either. They rely on apathy and they get it.

Then be upfront pre GE about it

So we need to grow the economy by, erm, making it more expensive to employ people and by making overtime worth less. Okay.

Sadly I think we need to have taxes raised, country is on its knees and can’t afford what it’s paying out. I’m going to get sucked into the higher rate tax band any day, might already be there. I accept this.

So you'd prefer to keep things as they are then @indigovapour ?
No improvements to any of the public services that we all use?
They have to be financed somehow, and difficult decisions have to be made, made worse by the position they found themselves in once in government.
My own preference would be to add a penny or two on the basic rate of income tax, which is clear, but of course the tory policy to freeze the personal allowances is already in place.

No one would consider Elon Musk a worker or Nick Read... fucking stupid argument.

"Worker" is commonly considered to be someone who works for someone else.... or see how a Bee Hive is described? if it helps....

talk about trying to tie people up in knots ....

This.
Lots of people voted for them thinking ‘the rich’ would be the only ones to pay more and now they will understand that actually ‘the rich’ meant everybody above min wage.

Did you miss the information that the Tories had already spent the year’s ‘budget’ and the contingency in many areas before the election?
While it’s true that stopping handing wedges of our cash to their mates will mean more money for services, there really isn’t much of what was already budgeted left.

Employers work or do you think they don’t?

The tories set some traps for the UK and its people, unfunded NI cuts, pay rises...

Now we have posters blaming Labour for Tory decisions, so the Cons plan to get back into power is on track i suppose but who will pay for their scheming?

This is just bollocks though, isn't it? The overall tax take was already at a very high level and Labour's manifesto was "fully costed". It's not like tax is new and the government didn't already have income. They should use that money.

So you do have a definition then? And you don’t like their definition?
Still, everything that might be in the budget is speculation. I’m bowing out now. Pointless discussing it with you (as usual).

And hand votes to Reform? Electoral suicide. They made it clear that some tough choices would be necessary, and they're happening. The unpalatable fact is that people want improvements in public services and a strong economy but expect other people to pay for it.

My circumstances were stating to get marginally better under tories.

DH and I are under the higher rate tax band but I suppose eventually we’ll class as HR due to inflation and freezes. That would be madness. I would rather a new tax band at 100k rather than freezing taxes for low rate and ‘higher rate’ bands. I’d also like to see them expand the marriage tax allowance to those living together as this would help single earner families with small kids. This wouldn’t benefit me but would have done in the past when I was a SAHM to very little ones and we paid a lot more tax for our income.

I think it’s pretty obvious from both the phrase and what they’ve said, you just don’t want it to mean that for some reason

What are you referring to? I haven’t said what I think they mean, it’s a direct question to you.

It’s definitely not obvious as there are a couple of answers on this thread alone

Your definition states employers are not included as ‘working people’ which is clearly a falsehood. They do work. That’s why the line is a farce

They pledged items with ‘fully funded, fully costed’ but not with the indication of tax rises pre GE

You would need to be rather financially naive not to realise money has to be found from somewhere.....

Plus labour never said what they planned to spend on the nhs, then there is all the unfunded stuff the Tories left for them... teachers/military/nurses pay rises, blood and p.o scandal pay outs, NI reductions...

Whoever won was going to either tax, cut services or borrow... or a combination of all 3...

The details will soon be released.

I’m not sure why you are directing this at me.

@cardibach I'm not sure which part of the surprising black hole of billions you aren't grasping? That's not speculation that's from them horses mouth.
If you don't wish to discuss this on a chat site why not move thread?

Also which part did you miss on 2006 global crash, covid, Ukraine?

Every single country has been affected and has struggled through these times in fact... It was doesn't seem like you have read any posts on this thread so why bother repeating.