Thread 9 Starmer : Return to Westminster

[DuncinToffee]

Previous thread:

https://www.mumsnet.com/talk/_chat/5169266-thread-8-starmer-cat-fur-on-new-clothes?page=40&reply=138729672

Taxes are voluntary

Nobody on the right is prepared to say that it’s credible (though many bankers and economists do) because it cuts against their preferred privatisation model which has been tested to destruction with our water companies in England, ie screwing taxpayers for dividends. What Reeves is doing is right.

In The Times, Jack Meaning, Barclays’ UK chief economist, is quoted as saying “The market reaction to the news of the move to a debt rule anchored by the PSNFL has been relatively calm.”
It also refers to a 'small climb' in the government borrowing costs - small presumably in the context of the last couple of years movement.
Early days though, we should of course wait for the budget and 'the pudding'.

Reeves has been taking advice from Mark Carney (former BoE). I think it’s a well reasoned decision. The Conservatives will not be able to wheel out a credible response except the usual “running the economy like a household” rubbish they always do.

The fact that Reeves has been taking advice at all is a major step up.

Meanwhile, on planet Jenrick

https://www.joe.co.uk/politics/jenrick-says-pensioners-are-waking-up-with-illegal-migrants-in-their-bedrooms-462621

Robert Jenrick says pensioners are waking up with illegal migrants in their bedrooms

The cost of UK Government debt fell this morning. The market consider this a credible move.

Such a refreshing change from Truss et al

Really, Nasty Bob? Can I get one do you think? I'm getting on and need a hand around the house. Exchange for bed and board.

Britain's version of 'they're eating the cats and dogs'.

Badenoch should walk this

I hope not. Se would slow the extinction of the Tory party by a couple of years,

At this stage (and I am aware of the current debate) Jenrick as leader would be a mercy killing.

Ah, but you are viewing his comments through the lens of a decent, caring, unbigoted person.

Some Tories have very different lenses and will lap this up. I think he will win.

She should, but she’s not without her own mad utterances.

Some (slight) frothing on MN now about this:

https://www.theguardian.com/uk-news/2024/oct/24/keir-starmer-hints-at-tax-rises-on-people-with-income-from-assets

No surprise after all the PS VAT and IHT froth

"It's hard to fight the impression that a lot of posters main asset is their genius."

(O. Wilde )

Interesting collection of threads being started today ... 🤔

Wow. Are they a bit slow on the uptake?

if a Labour PM rules out nearly all increases on income based taxes but declares we are in fiscal black hole then where did they think tax rises would be?

Anyone with a brain would realise this meant asset based taxation

Also haven’t we been talking about this since before the election. It isn’t exactly a surprise. As far as I’m aware the only thing that’s been specifically ruled out is income tax & employee NI.

I’m getting bored with the faux lack of understanding of ‘working people’ too. I’m not going to try to explain it to people who don’t want to understand any more.

Plenty of normal working class people have income from assets, BTL is very common for the self employed to have instead of a traditional pension, many others have accumulated 10s of 1000s in ISAs or had a small inheritance which they've invested, they all work too but chose to save instead of spending it all.

To me, listening to Starmer today, he doesn't intend to tax people who have SFA, i mean how could he? he will have to go after middle income earners.

The very wealthy will use various tax avoidance measures to wrap their earnings & assets away from the tax man, as they always do.

Yes this would cover me too but honestly BTL people must have known it was coming. It’s not ordinary to own multiple properties and direct income from shares is.not routine. I doubt Labour mean ISA income.

@BIossomtoes have you seen you have a ‘tribute’ nickname on some threads?

No way! Missed that, where should I look?

Is it sad that the fact it's half term next week and the budget is I'll actually be around to watch the threads appear 🫣😂

Sorry should have said I'm glad I'll actually be around!

On the politicians not answering the question thread. He/she has had posts deleted though so maybe MN is on to him/her.