Labour isn't working - Thread 10

[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.

Previous thread:
https://www.mumsnet.com/talk/_chat/5411817-labour-isnt-working-thread-9?utm_campaign=thread&utm_medium=share

DH knew and kept quiet until it was too late! 🙄 Fine time to tell me when I'm sitting there sodden from walking the mutt.

It was a protest by farmers which was already organised, so they added Digital ID onto it. I'm pretty sure there will be another Liverpool protest soon enough. Was it Brexit where there was a day of protests across the country? I'm imagining something like that.

We can have a NW protest meet up!

You know they will just get written off as being "far right rascists" though

I think it’ll get harder to do this. Digital ID will bring those against that and it’s nothing to do with hotels etc

I didn’t catch much of Starmer and LK but I did see his answer about land and a trust.

It seemed a straight enough answer to me. He bought the land. Gifted to his parents. No trust, he said. LK even made a point of saying, to the effect of, ‘so that’s now on the record: there was no trust’.

But the Tax Policy Associates website - which has been updated and says “UPDATE: 10am Sunday 28 September. Mr Starmer just told Laura Kuenssberg that he didn’t create a trust…” - questions the contradiction between that denial and what he previously said about having gifted the land to his parents under a life interest.

TBF, the Tax Policy Associates site also makes the point that it probably wouldn’t have made any difference re IHT.

This will either go away because Starmer’s being truthful, or it will blow up massively if he’s told a pointless lie.

Perhaps it’s a semantic difference: applying a condition of life interest gives rise to a trust, technically? But that he didn’t create one on paper? God knows.

Keep us posted if there are any more marches. I'm feeling particularly militant at the moment and Manchester is only an hour or so away on the train.

Dan Niedle is now saying that Starmer has changed his original story. Dan Niedle the tax expert they constantly wheel out, paid up member of the Labour Party.

The more the merrier!

Our train line to Manchester is apparently one of the least reliable in the country. I'm not sure if we still have the honour of the oldest rolling stock in the country as well. Bloody Northern are shocking.

Bring it.
I really don't care anymore.

Yes, that’s broadly what I meant about the contradiction.

I’ve just re-watched that part of the interview and it seems as though he slipped in a rather sly comment that he said to his parents “…here’s your field, it’s yours for as long as you may live…”

So he does seem to be saying that the land was a gift with a reversion in it (if reversion’s the right word). Does that create a trust?

All very odd.

Not sure why @Absentosaur's post is hidden. There was nothing which broke talk guidelines in it.

Are we being watched 👀 again?

How bizarre? I only wrote / copied this from a trusted tax information source..

Did Keir Starmer use a trust to avoid inheritance

When Keir Starmer gave a field to his parents, he used a “life interest trust”. This meant that, as its value grew from £20k to £300k, it was outside his parents’ inheritance tax estate.

UPDATE: 10am Sunday 28 September. Mr Starmer just told Laura Kuenssberg that he didn’t create a trust.

That is hard to understand when The Sunday Times has been asking Mr Starmer about a trust for a month, and he at no point denied there was a trust. It also makes it hard to explain the form of words Mr Starmer used in his letter to the Parliamentary Commissioner: “I immediately gifted the land to my parents for so long as they should live”.

To a lawyer, that means a trust.

Yes I think that's Dan Niedles point. What Starmer is saying now contradicts what he previously said. I'm shocked I tell you.

Seems like our stalker is referencing us again, this is what is must be like for Farage ie living rent free in people's heads.

MNHQ has it in for you today. 🤔 I didn't see the next hidden post.

That’s a puzzle. Seems to be the tax website Tax Policy Associates. Org. Uk. that MN doesn’t like.. 🤷‍♀️🤷‍♀️

IME, a life interest creates a trust and I don't understand why KS didn't take the opportunity this morning to clear up the confusion once and for all. It sounds like his mother had a life interest in the land and he was the remainder-man.

Obfuscation "rools" okay.

It’s a sign. I must be speaking too much sense. And also, to get off MN and do something more interesting instead… (partial quote from Sat morning tv for the oldies here!)?

Out of idle curiosity, what is the difference?

Those posts are going really quickly. I wonder if you are hitting one of those trigger words that kill the post instantly?

No I really wasn’t. It must be the website. But again - it’s a tax website, couldn’t Be more boring.. 🤯🤷‍♀️ Unless…

Do it again. Just post the website link and nothing else.

It can't be that as one of them has managed to stay up. It's weird.