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Original poster

Scared of what labour will do

760 replies

Wantachangefor2024 · 22/02/2025 01:58

Is anyone else terrified of what labour will enforce. The tax on farmers. Will they means test pip? Will they tax state pension more? What else will they do and where will it all end. They ruthlessly without no care took away the winter fuel allowance. Means testing and taxing state pension would massively impact my family

OP posts:
Neveranynamesleft · 22/02/2025 02:32

It's all talk. It fills the papers and starts conversations and I'm sick of all the 'this might happen ' and 'that might happen' tales. Unfortunately we shall just have to take each day as it comes and see what they pull out of the bag next. Stressing and hand wringing changes and solves absolutely nothing.

Meadowfinch · 22/02/2025 02:23

Every govt changes the rules a little.

This govt is financially completely incompetent but they have been voted in for a term and unless they self destruct, we are stuck with them for another 4 years and 5 months.

All any of us can do is batten down the hatches, cut back spending to a minimum, economise, work/save more if you can and look after those around us wherever possible.

It will pass. Your uncle just needs to survive to 2029 so look after him. The next govt will reverse the tax.

Original poster
Wantachangefor2024 · 22/02/2025 02:22

Creepybookworm · 22/02/2025 02:19

Do you have a farm that will.be liable for inheritance tax?

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. There’s so much talk of we need to spend more on defence etc. if we went to war we couldn’t feeds ourselves as it is. Never mind decimating farming all together

OP posts:
Creepybookworm · 22/02/2025 02:19

Do you have a farm that will.be liable for inheritance tax?

Original poster
Wantachangefor2024 · 22/02/2025 02:17

Skynorth · 22/02/2025 02:12

Farmers pay income tax on their profit. Many farmers don’t make a profit some years, most don’t make a huge profit, due to the ever-rising costs associated with farming. Many don’t own the land their farms are on.
PIP isn’t and never will be means-tested.
State pension already isn’t taxed, so they can’t “tax it more”.

it’s the inheritance tax on farms I’m worried about. There is so much talk of taxing state pension and means testing I really wouldn’t say it will never happen. Of course, yes under the Tory government we suffered. But the suffering could be insurmountable with what there’s talk of. I never felt anxiety before over a governments decisions and I really feel under labour we could see cuts far greater than we’ve ever seen.

OP posts:
IridiumSky · 22/02/2025 02:16

Skynorth · 22/02/2025 02:12

Farmers pay income tax on their profit. Many farmers don’t make a profit some years, most don’t make a huge profit, due to the ever-rising costs associated with farming. Many don’t own the land their farms are on.
PIP isn’t and never will be means-tested.
State pension already isn’t taxed, so they can’t “tax it more”.

Rubbish.

The UK state pension is taxed as income.

Skynorth · 22/02/2025 02:12

Farmers pay income tax on their profit. Many farmers don’t make a profit some years, most don’t make a huge profit, due to the ever-rising costs associated with farming. Many don’t own the land their farms are on.
PIP isn’t and never will be means-tested.
State pension already isn’t taxed, so they can’t “tax it more”.

Mercurial123 · 22/02/2025 02:10

How many posts can there be on this?! You must have been terrified when the Conservatives destroyed the country with their 14 years of cutbacks, greed, chaos, and corruption?

ploppydoppy · 22/02/2025 02:07

Any government in power would be doing a combo of cutting services/raising taxes. The country is broke.

pinotnow · 22/02/2025 02:06

No.

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