Scared of what labour will do

@Mespher if cash ISAs are reduced as has been floated I think the plan (such as it is) is that the overall ISA allowance would remain unchanged to encourage money into the stock market, so not necessarily any tax impact.

The exciting bit would be when banks and building societies lost this very important source of funding. They'd all have to compete harder for what remained of the cash savings market and this would both reduce the amount of lending they could do and put the cost of that lending up a great deal. This would be great for cash rich, mortgage-free pensioners but would hurt anyone who has a mortgage or was hoping to buy one of the eleventy billion houses our Ange reckons she's going to get built.

There are no simple answers - everything's interconnected and Labour keeps making choices with little regard to the downstream consequences.

My uncle took over my grandads farm and it will be the end for the passing down to future generations. I’ve never known my family fear something like this.

What's the value of the farm? Up to 3 million can still be passed down exempt from the tax.

You should read about the reasons for this policy, those it is aimed at, and the loopholes it wishes to close. Sounds fair to me.

@Dorisbonson all because of VAT on school fees? Where did you go?

Someone earning 30k pays circa 5k in tax a year. The low earners are subsidised by tax payers who are paying more than 17k in tax. Do you really want higher earners to leave?

We have always had lower earners and people who take more in tax than then pay, it's not a new thing. Not helped off course by economic policy that devalued wages and boosted asset prices.

The UK is losing more millionaires a year than any country in the world.

Is there evidence of this, I am interested?

Just because you are not bothered about the WFA being taken away it doesn't make it right. Slowly but surely there will be some new policy that will affect you in the end and I have no doubt others will say they have no problem with it because it hasn't altered their life.

So what do you suggest? That we go on churning out more and more money for people to stay off work sick with anxiety? The mental health sickness bill is riding exponentially. We cannot afford to protect everyone from every little thing.

We give farmers £4 billion per year, their handling of F&M when it first broke out, cost the country billions.

They also pollute and damage our environment, look at the River Wye for example.

They also make quite a lot of money too.

We pay so much less income tax than the rest of Western Europe,

I believe higher earners are taxed at similar levels but lower and middle earners are taxed much less. This is PAYE though.

You are probably a wealthy pensioner that people hate though

I've left the UK, stopped paying school fees and tax. My clients are overseas, my colleagues have left or are leaving, out office is closing here, the UK will be down circa 10m in tax from this alone which won't be replaced as we will pay tax overseas instead.

The UK government spends on average 17k a person. Someone earning 30k pays circa 5k in tax a year. The low earners are subsidised by tax payers who are paying more than 17k in tax. Do you really want higher earners to leave?

Higher earners leaving the UK means:

• Less funding for the NHS
• Less money to pay benefits and pensions
• Less money to pay teachers.

The UK is losing more millionaires a year than any country in the world. This means government will have to start cutting services.

Hope your rude smug attitude gives you comfort when you watch services being cut.

How do you decide who is genuinely unwell and who isn’t?

Mental Heath issues are difficult to quantify.

WCA are all about how a condition affects your every day life, not about what the condition is.

Anyone can says anything about it, and there are no ways of checking, because it’s far too expensive and intrusive.

They don’t tax the state pension as such. Unfortunately the personal limits are frozen so more people have to pay tax as their income increase.

Farmers are so important and they work ridiculously hard in very difficult conditions. They should be treasured and treated better.

The proposed tax changes send out a very clear message and it’s not good for farmers, food production and the country in general.

The Labour Party seem to be a party of complete muppets.

I'm a pensioner. I'm not bothered about the fuel allowance. The simple fact is that the last government left the economy in a disastrous state and wasted billions on things like PPE contracts with their mates and the utter nonsense of the Rwanda proposal. The current government was left with very few choices, and I'm very grateful that we now have grown-ups in charge.

Now you are scared?

When people were posting on here last Spring and Summer about being worried about what Labour might do they were laughed at and ridiculed.

And here we are now.

We pay so much less income tax than the rest of Western Europe, yet expect similar services. It’s madness. we need to take another look at sickness benefits. Yes some people are clearly too unwell to work but a lot aren’t and the number of people off work with mental health conditions is crazy. Cut benefits here and invest the savings in better mental health services.

No, I’m not in the least bit worried by any of this nonsense. Why? Should I be?

Why will it mean the end for your uncle to pay a tax that other people pay? The farm would have to be worth a hell of a lot for tax to become payable.

Were you not "terrified" when fuel prices and inflation shot up under the Conservatives?

Pensioners have the same personal allowance as everyone else. You may be confusing with tax on savings which has different allowances for people who have a lower income than the personal allowance threshold.

You clearly know nothing about farming. Please don’t post ignorant comments.

Isn't RR too old to have an A* in maths.

Didn't take long for your true colours to show did it?

I'm not going to shed any tears for tax dodging farmers finally having to pay their share.

I'm not going to shed any tears for wealthy pensioners who won't get their winter fuel allowance , as it makes total sense for that to be given to those who really need it

You've been protected for 14 years by a rich person's corrupt cabal, whilst not being bothered about the most vulnerable in society being penalised.

Time to pay your fair share now I'm afraid.

State pension IS taxed. If you have another pension and so are over the tax threshold, your state pension counts towards your allowance.

Didn’t vote for them, don’t like some of the things they’ve done but scared? No. That’s a bit silly.

@indigovapour I'm aware of how NI works & I am not arguing it will raise more money just saying I thought that was what labour said. I do think it will impact some employees & I expect some employers to raise prices. I personally don't think we can solve the productivity/growth puzzle.

For years now the middle classes have done well while the poorest most vulnerable members of society have been systematically shafted to breaking point. People have died. Wealthier people didn’t give a shiny shite when people were freezing to death on the streets, or when diabetics died because they couldn’t keep their insulin cold because they’d run out of electricity, or when very sick and disabled people were being forced into work.

Now we’ll potentially have to pay a bit more tax. Suddenly people care now that the previous government policy of GIFTING money (by way of tax breaks) to the already comfortable may stop.

Why should taxpayers gift you money while the poorest are using food banks?