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What is labour coming for next?

528 replies

MikeRafone · 30/07/2024 17:33

I reckon after 12 years of dozen fuel duty that drivers will be next

what tax will the collect next to fill the black hole

OP posts:
Thread gallery
6
HappiestSleeping · 30/07/2024 19:52

Mamadont · 30/07/2024 19:49

Who screws the working class taxpayer the most?

The Conservative party.

absquatulize · 30/07/2024 19:53

Livelovebehappy · 30/07/2024 19:49

Clearly on here, the overwhelming wish is to see the poorer become a lot richer, and the richer to become a lot poorer. People go to university, spend many years studying to get a very well paid job. Think GPs, solicitors, accountants etc. But according to some on MN, they should be only marginally better off than someone working the tills in Tescos. Why would people even bother to go through years of training, incurring £9k a year student fees, to not be earning according to their skill set?

In the interests of factual accuracy I would like to point out that criminal defence solicitors do not earn much more than those who work the tills.

HappiestSleeping · 30/07/2024 19:53

EmmaGrundyForPM · 30/07/2024 19:42

IHT should be applied to the whole estate.

At the moment, my Mum's estate is unlikely to qualify for IHT. So I will benefit from a completely unearned windfall. Labour should bring in IHT from £0 - my Mums estate would then make a payment and I would still benefit, just at a lower value.

Edited

Depends on whether it is all spent caring for her in old age. There may only be £23k or so left for you.

florasl · 30/07/2024 19:54

I think labour will really cripple the middle class, in five years the reform voters will return to conservative and we will get a conservative government return to power.

In the mean time we are looking in to emigrating to America. I lived there as a child and loved it, it was absolutely the best childhood. DH’s family are incredibly wealthy and are likely to move to Dubai.

7Blunders · 30/07/2024 19:56

I'll just grab my hair shirt and start flogging myself....

Up the magic... How far are we going back because the last Labour government apparently left the coffers empty.
Do we blame them or shall we use the global credit crunch as an excuse?.
Coalition, austerity... Brexit /covid, war.

Narwhalsh · 30/07/2024 19:57

They’re definitely coming for my career since they want the end of the UK hydrocarbon industry. Let’s import it instead because that’ll be ‘cleaner’

MikeRafone · 30/07/2024 19:57

In the interests of factual accuracy I would like to point out that criminal defence solicitors do not earn much more than those who work the tills.

what £23/24k per year? Really

OP posts:
VerySadCase · 30/07/2024 20:01

HarryLimeFoxtrot · 30/07/2024 17:48

Will VAT on university fees raise any money? Surely the loans that pay them come from government money, so it’ll be borrowing from themselves and increasing the debt burden on the young. Can’t see any positive messages from that scenario.

Yeah, some posters are desperate to suggest that they're going to put VAT on university fees but this would be a massive own goal. The government would have to stump up the cash and they wouldn't get anything extra back for decades, if ever.

absquatulize · 30/07/2024 20:04

MikeRafone · 30/07/2024 19:57

In the interests of factual accuracy I would like to point out that criminal defence solicitors do not earn much more than those who work the tills.

what £23/24k per year? Really

Plenty of jobs out there advertised at 26k.

EmmaGrundyForPM · 30/07/2024 20:05

@HappiestSleeping and that's fine with me

ilovesooty · 30/07/2024 20:05

Mamadont · 30/07/2024 18:45

I hope people are punished like buggery for voting in this lot.

And what form should this punishment take then?

HappiestSleeping · 30/07/2024 20:08

EmmaGrundyForPM · 30/07/2024 20:05

@HappiestSleeping and that's fine with me

That's the way my family look at it too. But it does impact IHT. I think it is better this way around to be honest.

HappiestSleeping · 30/07/2024 20:10

7Blunders · 30/07/2024 19:56

I'll just grab my hair shirt and start flogging myself....

Up the magic... How far are we going back because the last Labour government apparently left the coffers empty.
Do we blame them or shall we use the global credit crunch as an excuse?.
Coalition, austerity... Brexit /covid, war.

the last Labour government apparently left the coffers empty

That was a very unfortunate joke to a friend that backfired spectacularly.

https://www.theguardian.com/commentisfree/2015/may/09/liam-byrne-apology-letter-there-is-no-money-labour-general-election

‘I’m afraid there is no money.’ The letter I will regret for ever | Liam Byrne

Liam Byrne, chief secretary to the Treasury under Gordon Brown, left a note for his successor that proved to be a gift for the Conservatives

https://www.theguardian.com/commentisfree/2015/may/09/liam-byrne-apology-letter-there-is-no-money-labour-general-election

MikeRafone · 30/07/2024 20:11

FormerlyPathologicallyHappy · 30/07/2024 18:22

They can sell them though. Dhs cousin is a multimillionaire, he can work from home anywhere.

If he sells the commercial buildings, and they all sell up - what do you think happens to the value? Why have they got the commercial buildings? It’s a miney making scheme, so that’s a stop to that

it quite as simple as selling up

OP posts:
caringcarer · 30/07/2024 20:12

Miley1967 · 30/07/2024 18:49

They should tax second home owners hugely. Especially those that then rent them to family members who claim Universal credit to pay the rent.

Mortgage lenders don't allow LL to rent to family. UC don't allow a person to claim to pay family members.

sleepwouldbenice · 30/07/2024 20:12

As someone who earns well but isn't mega rich ( less than 100k)

I may be mad but I think I should pay more tax. We have covid and a cost of living crisis that I should contribute more to.( don't mention brexit and truss, I am livid at having to pay for these). As well as broken public services and a pending care crisis and climate crisis that simply should not be ignored

However I would much rather it was just through income tax than say taxing electric cars or reducing pension relief. These are things we need to still encourage

Mamadont · 30/07/2024 20:13

ilovesooty · 30/07/2024 20:05

And what form should this punishment take then?

It's already unfolding........

Miley1967 · 30/07/2024 20:14

caringcarer · 30/07/2024 20:12

Mortgage lenders don't allow LL to rent to family. UC don't allow a person to claim to pay family members.

Uc certainly do allow people to claim housing benefit or UC rent element when renting from family as long as they don't suspect a contrived tenancy. Have you tried renting any of your 11 properties to any family members? And many second home owners don't even have mortgages on the property?

caringcarer · 30/07/2024 20:20

Countrylife2002 · 30/07/2024 18:02

@dottiehens but at the moment there are 1000s of families either homeless or on the verge of it or living in poverty or struggling. Something has to be done to make society fairer. I don’t want to pay more tax but I work in a field where I can see the current situation is not sustainable . I mean , we have food banks for gods sake !

Those who currently contribute to those food banks maybe will be less able to afford to do so after Labour have squeezed them.

newmummycwharf1 · 30/07/2024 20:20

Scandiviews1 · 30/07/2024 19:14

There's a limit to how much they can raise in tax. UK plc spends far more than it can raise. So eventually they will need to cut welfare and raise the retirement age. Which will cause an outrage. So it won't be done. We are stuffed sadly.

Hence the need for high earners. Net contributors are too few and Starmer knows it - so I am convinced he won't squeeze too hard or his hopes of growth will go poof!

Ultimately the country needs to be more productive and create wealth. Without wealth - there is nothing to support the welfare state or universal healthcare with.

Drive up aspiration, create opportunity and promote innovation. Tis the only way.

And personal responsibility because the government has a role to play but so does the populace.

MikeRafone · 30/07/2024 20:20

Heavyboom · 30/07/2024 17:44

What would you do OP?

Ride my bike more, it’s far better for me than paying more fuel duty

OP posts:
7Blunders · 30/07/2024 20:21

@HappiestSleeping.. The point being most sensible people, even if the joke was not "literally" true, understood that the country and indeed the world had been through a global crisis.

In my list I also have forget isis, crisis.

MaidOfAle · 30/07/2024 20:23

WestSussexMomFriend · 30/07/2024 19:27

Tell that to the gang raped girls.

I don’t think I am off my rocker (!), but I do think it is a bit pot kettle black thinking the UK is so much better than Dubai law and order wise. Although I am not moving to Dubai anyway so this is all a bit academic.

Are you sincerely suggesting that having the State lock you up for reporting rape is better than the State ignoring your report?

HappiestSleeping · 30/07/2024 20:23

7Blunders · 30/07/2024 20:21

@HappiestSleeping.. The point being most sensible people, even if the joke was not "literally" true, understood that the country and indeed the world had been through a global crisis.

In my list I also have forget isis, crisis.

He handed a golden card to old smug bollocks Cameron though 🤦‍♂️

Also, I don't think there are that many sensible people here anymore. Look what happened with the Brexit referendum.

newmummycwharf1 · 30/07/2024 20:26

sleepwouldbenice · 30/07/2024 20:12

As someone who earns well but isn't mega rich ( less than 100k)

I may be mad but I think I should pay more tax. We have covid and a cost of living crisis that I should contribute more to.( don't mention brexit and truss, I am livid at having to pay for these). As well as broken public services and a pending care crisis and climate crisis that simply should not be ignored

However I would much rather it was just through income tax than say taxing electric cars or reducing pension relief. These are things we need to still encourage

Agree - also income tax means everyone contributes to some extent. Tonnes of threads with people who have worked for 50 years and only have the state pension and a tiny private pension to live on

Raise the thresholds a little and add 1-2p to the rate at all thresholds. Add the 50p rate but at over 500k, so people currently caught in the firing squad of 100 - 125k psychologically feel they should push through it.
Set the thresholds so people are incentivised to go for promotions/take on responsibility