Labour planning to freeze tax thresholds longer

They didn't know they extent of the black hole until they got in.

This is the headline in the Times today. All public services are struggling and people are complaining. The money has got to come from somewhere and I guess Labour are v limited due to their manifesto.

@cardibach politics works by leaks, getting us app ready and managing expectations. If you listen to Andrew marr lbc there are some brilliant comments and experts on there, as well as Sophie ridge on Sunday and in decent papers.

Others have put up context to back up workers are people whom go out to work - quite literally

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

Indeed Eastern standard and all funded through new British energy and this and that.
And raising vat.

So confident and so cocky during the election!

They have got in and realised when you actually have numbers and realise money and real deficits to play with its much harder than it looks from the side lines. Now they are rabbits in headlines panicking.

You know that when parties (all of them) say that, they mean within what they plan to do? Not just from what’s down the back of the sofa?
Nevertheless, what they plan to do (both funding and what will be funded) is still all speculation until the budget is released.

Wasn’t it meant to be ‘fully funded, fully costed’

So not raising employer’s NI then?

They work too

It’s all speculation u til the budget comes out. Why do people continue to post these threads winding everybody up about something that has not happened and may not happen at all. Labour ‘considering’ this - says who?

Presume you supported tax TH freezes when sunak implemented them? but now they are wrong....

Freezing them is stupid who ever does them, it helps remove incentives to work and sucks money from the local economy.

But its also unlikely Labour will extend the freeze, it wont bring them in any more money as they are already frozen for the next 4 years... but will gain them more criticism.....

I think in this context it just means people of working age and/or people on a PAYE salary. It's sometimes used as a euphemism for working class but that doesn't make sense when freezing tax threshold affects higher rate taxpayers (or those approaching the 50k threshold) more.

Returning to the OP, even more ridiculous would be for them to reduce higher rate tax relief on pension contributions and claim that doesn't count as increasing income tax! (Just to explain before I get jumped on, reducing the relief would lead to income tax on salary sacrifice pension contributions, ie people being taxed a % of something they have not (yet) received)

I wonder where you all think they are supposed to get the money to do the things they need to do, like you know health, education, public services, etc..
Whatever they do, there will be threads like this popping up all over the place, shouting them down.
Maybe you are all happy that our services are shot to pieces?

“Asked what he meant by working people, Sir Keir told LBC on Tuesday: "People who earn their living, rely on our [public] services and don't really have the ability to write a cheque when they get into trouble."
Ms Reeves was asked to clarify that position, telling Sky News' Breakfast with Kay Burley on Wednesday: "Working people are people who go out to work and work for their incomes.
"Sort of by definition, really, working people are those people who go out and work and earn their money through hard work."
Asked if that also meant people who cannot write a cheque if they get into trouble, she said: "Some people, who go out to work haven't been able to build up savings.“
"Many other people who go out to work, have had to run down their savings.
"But there are people who do have savings, who have been able to save up and those are working people as well."”

So, somewhat hedging their bets with the definition.

(source)

I also think this is what is meant by worker. Nothing to do with working class stuff.

care to show this?

The frozen personal allowance also applies to people of pension age, who may have a small personal pension. Very soon it will bring the state pension into the taxed bracket too.

I hate the phrase " hard working families". It excludes so many people, and hints that if you aren't working hard, you deserve to be poor.

4% of your income still goes in NI contributions regardless of whether you earn £98k or £30k

id rather see income tax and NI contributions merged

They could end it in 2025 if they wanted to, but they have chosen not to

They said they were committed to following the Tories' fiscal rules. Starmer & his shadow cabinet were packed with members of Labour Together (formerly Blue Labour). I'm not sure why anyone expected anything different?

It doesn't matter a jot who is in power - left or right - it's the middle that get fucked every single time, and I'm just sick of it. Earn an average, middling income and you'll get squeezed from both ends no matter what.

workers is someone who works and it is opposed to someone who has an income from not actually working. So people who have a passive income

I just wish they were more transparent about it rather than all the euphemisms. “Working people” … “workers”.

I work bloody hard, generally doing around a 60 hour week. But I am also very well paid for it so I suspect I am not one of the people he means.

I’m pretty much OK with that. Other people also work that hard and don’t get paid so much. I am mostly OK that taxes should hit me harder than them. But don’t pretend it is because they are “workers” and I am not.