Scared of what labour will do

They will increase taxes and piss away billions in public money, same as every other government. I have to admit to having less faith in this lot than usual because none of them seem actually qualified or experienced enough for the job. There is Rachel, who’s qualifications and experience don’t seem to add up, Angela who as Minister for housing doesn’t seem to actually know anything about housing and Jonathan Reynolds who as Secretary of State for Business and Trade has never actually run a business. Nor is he a solicitor, like he claimed?
In the real world such inexperienced people would not be put in those positions but its politics so 🤷‍♀️🤷‍♀️ They are all as bad as each other.

I hope you reported it then instead of just saying on the thread

Russian propaganda

Most farms will be free of inheritance tax upto 3 million if owned by a couple. Almost all farms have a huge overdraft and numerous bits of machinery on finance which will bring the overall total down quite a bit. Finally it’s only 20% tax over 3 million if a couple own the farm so it can be planned for and I suspect banks will start providing loans for it.

@Iwishicouldflyhigh also this. "Laughing at genuine hardship is a shitty thing to do"

@Iwishicouldflyhigh "
"It was the gloating about vat which was hard to take…..and mean spirited"

To be clear-saying that you think putting VAT on school fees is a good idea and supporting the policy is not "gloating".

It was the gloating about vat which was hard to take…..and mean spirited.

Be careful what you wish for - my DC has been overseas for three years and I have zero wish to visit with Agent Orange/Musk in charge.

But if state pension takes you over the personal allowanceyou will be taxed.

Me too!

It is taxed, just as it was taxed under the Conservatives.

I'm sure they're quaking in their boots if that's your best argument 😆

The welfare budget is unsustainable, I'd be very pleased to see it cut . Not by reducing benefits for those in need but culling benefits for the workshy and this ubiquitous mental health claimants .

I voted Labour but I’ve never felt more worried about our country. I think it’s mostly the press. Reading stories about how savings will be taxed, the farmers and the winter fuel payments.

I’m afraid for our country in other ways now though. I hated the tories and people were skint, our bills insane, they profited personally from Covid deaths. I’m saying this because I expect the ‘oh so you would rather have the evil tories’ replies. No, I can dislike both.

However, Labour have made me fear things like war, free speech, the rule of law. Starmer says the wrong thing again and again and makes you feel he doesn’t stand with you or with Britain. I have always voted left wing and I always will, but if I feel this way, what are others feeling? He’s handing what’s left of our country over to the likes of Nigel Farage if he doesn’t sort it out. The rise of the right is terrifying to me, yet I feel it’s the fault of the left going too far with matters of women’s spaces, immigration and free speech.

whatever happens over the next couple of decades is entirely on the Tory voter base. You chose to enrich the 1% at the expense of everyone else and now you'll need to deal with the fallout.

This. We have had a decade of policies that have massively enriched a small number. I know, I'm one of them! Every budget for the last decade i have groaned as I've found myself paying less tax and benefitting more and more from various policies. While my sibling, a hard working teacher, despite having been promoted to head of department, struggles to afford a home in the south east.

Enough is enough. I don't take issue with any of the policies the labour government have brought in so far.

I was more scared by what the Conservatives were doing to our public services, nhs, schools and libraries. My main fear with Labour is whether they can reverse the rot honestly, or if it's too late.

This is how i feel. It will take a super human effort to turn the tanker now.

The tax on passing on farms is actually going to end the overinflated value of farmland. It is in demand due to city bankers and the like using it as an inheritance tax dodge. This will end if it is no longer effective.

Farmland values should be linked to the profit you can make from farming the land (diddly squat, if farmers are to be believed). Lower farmland values will also enable new farmers (not from wealthy landowning families) to enter farming and bring new innovation. Many legacy farms are not run productively! No one should have a right to a free, valuable asset just because its linked to their parents occupation.

Precisely, this is a far more terrifying prospect than more tax etc.

Yes to this, recovery from such a dire situation we've been left in will inevitably be a bit painful. The Tories have done major damage and it will take time to get back what we had.

Just hang on in there until 2029, OP, when the Putin appeasers will vote Reform into government. Apparently. That will be much better than evil Labour, won't it?

They don’t need to means test pensions. It’s political suicide. They can save the same / more by raising SPA. State pension was originally designed to be in payment for about 16yrs. Life expectancy has increased considerably since, and many pensioners draw for 20-30 years. Clearly, it’s unsustainable long term. But means testing would have the adverse impact of discouraging people from saving into private pensions, which would reduce investments, and pension investments are a huge part of the UK economy. Hence when Liz Truss risked everyone’s pension with her mini budget, the BOE stepped in and hiked interest rates.

They will probably go for the cash ISAs as well which many pensioners have, there seems to be a pattern here

What do you mean ‘taxing state pension’?
Pension, whether state pension or private pension, is income. All income above the personal allowance is taxed.

Also, can you expand on why you think making the winter fuel allowance a means tested benefit is an issue? I think the eligibility needs revisiting, but as a tax payer I am quite comfortable that they are now excluding:
-Wealthy pensioners
-Pensioners not living in the UK permanently
-Dead people.

And before anyone scoffs at dead people receiving it, you only had to be alive for the assessment week in September to qualify under the old rules. This meant that people who died between that date and receipt still received it via their estate, despite not being alive for the winter. In my view, that’s an absolute waste of taxpayer money.

They may not need help, but eroding the social compact by labelling anyone earning £100K in a different way and taking away childcare support isn’t helpful

There is certainly a case to be made if the distortions didn’t exist in the tax system the overall tax take would be higher

Lots of over emotive labelling unfortunately = poor policies and decision making

I wonder what the limit will be if they means test pension.