Page 11 | Labour isn't working - Thread 13

TheNuthatch · 2025-10-14T21:45:44+00:00

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/5423193-labour-isnt-working-thread-12 https://www.mumsnet.com/talk/_chat/5423193-labour-isnt-working-thread-12?utm_campaign=thread&utm_medium=share]]

Rivalled · 16/10/2025 07:42

Did RR really say that there was ‘bleating and scaremongering’ - wow. Everything that’s wrong about their punishment mentality approach in a nutshell.

Rachel Reeves will raise taxes for the wealthy in next month’s budget

www.thetimes.com/article/d6d507ae-35f0-4b7e-956d-632e9b8cf1ff?shareToken=fe43dd931ad9f1f6c5bbe6178060ad86

Nolletimiere · 16/10/2025 07:44

twistyizzy · 16/10/2025 07:35

Every economic commentator in The Grauniad is unimpressed with the tiny 0.1% growth

"Economists are largely unimpressed by the modest growth of 0.1% recorded in the UK economy in August, and the 0.3% growth in June-August period.Lindsay James, investment strategist at wealth management firm Quilter, says the economy looks to be “stumbling to the end of the year”:“In the week that the International Monetary Fund gave the UK’s economic growth forecasts a small bump up, today’s GDP figures paint a picture of an economy stumbling to the end of the year after a strong start. Monthly GDP grew just 0.1%, giving a three-month rate of 0.3% - not exactly exciting figures. Markets will have been hoping for signs that the UK can maintain it’s early-year momentum but it appears that has now dissipated just as we approach a crunch Budget statement from the Chancellor. Rachel Reeves will need to find a tonic and quickly if she is to extricate the economy from its current malaise.“There are a number of obstacles coming down the track for the economy too. The IMF confirmed the UK has an inflation problem and is struggling to get out of it. That will continue to put pressure on the consumer. Meanwhile, both businesses and individuals are fearful of what is coming at November’s budget after Rachel Reeves confirmed tax rises are being looked at. Last year showed just how much impact that uncertainty can have on economic growth and now this year appears as if it will be no different.Suren Thiru, economics director at chartered accountancy group ICAEW, calls today’s growth figures ‘anaemic’:“This dishearteningly meagre return to growth will do little to allay fears over the wellbeing of the UK economy, with higher manufacturing output masking weaker activity in other sectors, notably services and construction.“August’s increase is unlikely to have triggered a noteworthy pickup in economic growth across the third quarter with higher inflation and free-falling business confidence expected to have restrained output in September.“November’s Budget is casting a long shadow over the UK economy with growing worries over more tax rises likely to prompt greater caution among consumers and businesses to spend and invest throughout the Autumn.“While a rate cut next month looks improbable, these anaemic figures mean it’s not quite a done deal as it gives those rate setters worried over economic conditions with more encouragement to vote to relax policy.”Ruth Gregory, deputy chief UK economist at Capital Economics, reckons there is little reason to think GDP growth will accelerate much from here, explaining:The meagre rise in real GDP in August suggests growth is still being hampered by high interest rates, higher taxes and soft overseas activity. With business sentiment on the floor and employment still falling, we doubt growth will improve much in Q4.Raj Badiani, economics director at S&P Global Market Intelligence, is similarly cautious:“UK economic growth is set to be muted in the next few quarters with private sector activity facing a damaging mix of external pressures, alongside increasing trepidation amid firms and consumers ahead of yet another difficult budget event. The latest short-term indicators suggest an end to the recent upward drift in the 2025 growth projection.“We expect UK real GDP growth to stand at 1.4% in 2025 and 1.0% in 2026. Despite persistent growth concerns, still-elevated earnings growth and the prospect of headline inflation rising to 4% in September are likely to rule out a further interest rate cut this year. The first-rate cut is expected to occur in February 2026 and the Bank rate to stand at 3.25% at the end of next year"

Jan, Feb, Mar and April were revised down too.

twistyizzy · 16/10/2025 07:44

Nolletimiere · 16/10/2025 07:42

Akin to the elastic ‘working people’ definition, the ‘wealthy’ will be anyone who works for the private sector and earns over xxk.

xx will be lowered with every budget, because, you know, the world is a changing place.

Exactly
Market forces and all 🙄

Because obviously anyone working in private sector gets huge % guaranteed pay rise each year plus gold plated pensions......oh no hang on wrong sector 🙄

Rivalled · 16/10/2025 07:45

Well given Labour have had no new ideas the SNP haven’t had @Nolletimiere wealthy is anyone in over £43k…

twistyizzy · 16/10/2025 07:45

Rivalled · 16/10/2025 07:45

Well given Labour have had no new ideas the SNP haven’t had @Nolletimiere wealthy is anyone in over £43k…

Of course it is

Original poster

TheNuthatch · 16/10/2025 07:46

Good morning all.

I'm really struggling to read and watch these interviews with Reeves. She is blaming anyone and anything, except herself (FABL).

She has no remorse at all, and doesn't even acknowledge the damage she has done. It's like total apathy, no feelings at all. People are losing their livelihoods because of her budget. Those complaining are just "bleating" she says. She just stares ahead and parrots like there is nothing human behind the eyes.

OP posts:

Upstartled · 16/10/2025 07:47

Wealthy on £43k? I'm not sure how that would float with their Labour loyal London constituencies.

twistyizzy · 16/10/2025 07:49

TheNuthatch · 16/10/2025 07:46

Good morning all.

I'm really struggling to read and watch these interviews with Reeves. She is blaming anyone and anything, except herself (FABL).

She has no remorse at all, and doesn't even acknowledge the damage she has done. It's like total apathy, no feelings at all. People are losing their livelihoods because of her budget. Those complaining are just "bleating" she says. She just stares ahead and parrots like there is nothing human behind the eyes.

Yes "bleating" stood out. That's what they truly think though ie anyone criticising them is "bleating" hence why they ignore any criticism.
Arrogant, destructive twats the lot of them

Ah well just pushes more people to Reform.

Rivalled · 16/10/2025 07:49

@TheNuthatch I’m not usually one for emoting politicians but I agree the lack of empathy is gut churning given the pain they’ve caused. The whole ‘I’m saving my feelings for people I choose to care about’ is vile.

twistyizzy · 16/10/2025 07:49

Upstartled · 16/10/2025 07:47

Wealthy on £43k? I'm not sure how that would float with their Labour loyal London constituencies.

But they are all happy to pay more tax. They tell us all the time

EasternStandard · 16/10/2025 07:55

twistyizzy · 16/10/2025 07:49

Yes "bleating" stood out. That's what they truly think though ie anyone criticising them is "bleating" hence why they ignore any criticism.
Arrogant, destructive twats the lot of them

Ah well just pushes more people to Reform.

Show quote history

Reeves said that? Fucking hell they are shite. All of them.

twistyizzy · 16/10/2025 08:00

EasternStandard · 16/10/2025 07:55

Reeves said that? Fucking hell they are shite. All of them.

Edited

Show quote history

"Last year, when we announced things like [removing tax exemptions for] non-doms, like the [tax increase for] private equity, like the VAT on private school fees, there was so much bleating that it wasn’t going to raise the money, that people would leave"

EasternStandard · 16/10/2025 08:00

On the China thing picking up a bit, good KC on earlier.

Sounds like Labour can’t use it wasn’t us excuse. Good.

Also all that nonsense about what the threat level was at the time was totally bogus.

Rivalled · 16/10/2025 08:03

But you can assert idiocies like that in interviews if you make sure the relevant data isn’t collected…

EasternStandard · 16/10/2025 08:04

twistyizzy · 16/10/2025 08:00

"Last year, when we announced things like [removing tax exemptions for] non-doms, like the [tax increase for] private equity, like the VAT on private school fees, there was so much bleating that it wasn’t going to raise the money, that people would leave"

Show quote history

God she’s shite. It hasn’t made money and now she needs more tax, she breaks down when she can’t get spending cuts through.

Unbelievable.

Rivalled · 16/10/2025 08:13

Just when you thought the loathing dial couldn’t go up further, there’s a barrage of interviews.

only 6 more weeks to go! There’s been so much speculation on which tax rises very hard for any financial adviser or pension planner to have any certainty.

i fear RR will be up there talking for hours raising one tax after another in a way that Labour feel is hard to prove targets their core support.

but we can say for sure what the net effect so far has been…

Catatemyhomework · 16/10/2025 08:28

It's in the Guardian too, so not just sensationalism from the Daily Mail.

https://www.theguardian.com/politics/2025/oct/15/rachel-reeves-says-higher-taxes-on-wealthy-part-of-the-story-for-november-budget

Rachel Reeves says higher taxes on wealthy ‘part of the story’ for November budget

Chancellor hints at rises and calls out past ‘scaremongering’ over VAT on private schools and changes to non-doms

https://www.theguardian.com/politics/2025/oct/15/rachel-reeves-says-higher-taxes-on-wealthy-part-of-the-story-for-november-budget

Nolletimiere · 16/10/2025 08:34

We know that Reeves doesn’t respond well to pressure - lets see her face some renewed duress.

Another bout of waterworks should set the bond markets off this time.

We need some proper market volatility to drag these imbeciles to their senses.

Incidentally, if they bring in main residence related tax - that will compel banks to write down their mortgage portfolios, creating potential issues with valuations and capital requirements, and so on.

The law of unintended consequences.

Badeboch needs to go for the throat.

Catatemyhomework · 16/10/2025 08:47

I just can't see how higher taxes are going to help now. What with debt spending, welfare and public sector pay rises, nothing will improve. I don't want to pay more tax for crappier services. We need cuts.

Original poster

TheNuthatch · 16/10/2025 08:48

@Catatemyhomework Hope you're feeling better now after your bout of illness

OP posts:

Julen7 · 16/10/2025 08:49

twistyizzy · 16/10/2025 07:49

Yes "bleating" stood out. That's what they truly think though ie anyone criticising them is "bleating" hence why they ignore any criticism.
Arrogant, destructive twats the lot of them

Ah well just pushes more people to Reform.

Show quote history

Worst chancellor ever.

Catatemyhomework · 16/10/2025 08:51

They could steal all our income and houses and there still won't be enough. I feel poor quite frankly. No spare cash at all. I am not a big spender. I've told my kids that Christmas will be a small stocking. Please just leave us alone.

twistyizzy · 16/10/2025 08:52

Julen7 · 16/10/2025 08:49

Worst chancellor ever.

Show quote history

Not according to some. Seemingly she's the best since Brown....it was said without irony 😄

Catatemyhomework · 16/10/2025 08:53

TheNuthatch · 16/10/2025 08:48

@Catatemyhomework Hope you're feeling better now after your bout of illness

Edited

Yes I am now thank you, although so tired. It's been a rough 10 days. Hope I'm done with illness now until at least after Christmas! 🤞

Julen7 · 16/10/2025 08:54

twistyizzy · 16/10/2025 08:52

Not according to some. Seemingly she's the best since Brown....it was said without irony 😄

Show quote history

I was just about to edit my post to add that gem in! I couldn’t quite believe it, had to read it three times last night to make sure I hadn’t misunderstood 🤣

Labour isn't working - Thread 13

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