Labour isn't working - Thread 8

[TheNuthatch]

A chat thread for those who don't like this Labour government.

The problem with socialism is that you eventually run out of other people's money.

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Rental listings fall at their fastest rate since covid as private landlords give up on playing society's pantomime villain in an era of taxation roulette.

The inevitable loss of supply and rise in rental costs will be another blow to those letters struggling with the cost of living crisis without the shield of housing benefits.

I'm surprised I tell you, no-one could have predicted that

😁 Right? You don't need to be a real economist to unriddle that puzzle.

I heard Dan Neidle on the rest is money from end August yesterday, evaluating tax rises - and he ends with a plea to the government to stop pretending that anything other than raising taxes on everyone is going to work.

he’s for a property tax, (land value tax) as are most economists (as long as stamp duty is done away with).

but I thought overall it was fascinating - he’s a Labour Party member and even he thinks these disingenuous salami tactics aren’t effective.

Osborne and Mandy were embroiled in an earlier scandal both involving hospitality from a dubious billionaire -some party where Osborne said that Mandy ‘dripped pure poison’ re his own Labour compatriots.

yes Dan Neidle ks consistent about wealth taxes being ineffective, taxes on more expensive properties gumming up the market and being bad for everyone.

will labour listen?

i suspect he’s also right they don’t have/wont use the political capital needed to introduce a land value tax.

Osborne and Mandy were embroiled in an earlier scandal both involving hospitality from a dubious billionaire -some party where Osborne said that Mandy ‘dripped pure poison’ re his own Labour compatriots.

Just watching the news channel; there's an urgent question about Mandy due to be raised in the HoC in the next few minutes.

https://www.independent.co.uk/news/uk/politics/osborne-versus-mandelson-the-grudge-match-1771196.html

Another no shit Sherlock moment 😒

Thank you. Always interesting to watch in HoC, with the suspension of slander/ libel.

A property tax would be brutal for many of us, if all the other taxes stayed the same, but I do think overall it's a fairer way of doing things. In the US, they have this, but their other taxes are different too, so while property tax is a big one, the overall tax burden ends up being lower than it is here.

When it comes to council tax, I discovered that the value of homes in England is based on their value on 1st April 1991. Isn't that crazy? Did you even know that? The home we live in didn't even exist in 1991 and, needless to say, the value is massively more than it was 34 years ago.

Looks like Torsten Bell is writing the budget anyway 🤷‍♂️. God help us.

Yes. Being answered by a foreign office bod I believe? I heard on the radio this morning that Yvette Cooper is officially Mandelson's boss. I doubt she would want him to stay in his position.

I do admit I was always fond of Mandy but the whole thing about trying to help Eptein in jail is really a new low.

agree @ladybirdsanchez re property tax - mortgage interest can be deducted from US property tax - or at least when we last lived there. Our overall tax paid on all our income was 15 percent (leaving aside the 6 percent vat/sales tax)!!

Yes strong rumours of pensions measures being on the table again…

Mandy out.

Doughty says Mandelson suspended with immediate effect.

Good 👍
Starmer's judgement here was disgusting.

O'Brien, "is the minister now saying Starmer didn't know anything about this at this appointment?"

If Starmer knew nothing about this then surely Pat McFadden's judgement needs to be called into serious question?

Yep yet another indictment of Starmer’s poor judgement. So did they vet him or not?

Doughty "Emails show depth and extent of his relationship with Epstein was materially different to that which was known at the appointment."

Andy McDonald being a general dick for sport, as usual.

Just seen the reference to the incident in Washington and Gateshead last night. More info here: Police investigation after 'incident' at MP Sharon Hodgson's constituency office | Politics News | Sky News

It goes without saying that these kind of tactics should be condemned, whoever they are aimed at.

Starmer has now defended every single one of his people who were subsequently proven to be corrupt / lying. There’s a list. It’s growing by the week.

Starmer is just not competent to be PM of the UK. Totally embarrassing.