Labour isn't working - Thread 13

[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/5423193-labour-isnt-working-thread-12?utm_campaign=thread&utm_medium=share

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There's a time limit for staying, but you're free to adjust your own prices

Potentially Rachel Reeves is looking at introducing extra Gambling Taxes. Paddy Power have already stated the intention to close 50 stores. Two things here firstly Gambling props up the UK Horse Racing industry and many people who cannot find employment elsewhere work in Betting Shops. This lack of thinking also comes to pass if the VAT registration amount is lowered from £90K PA to £30K PA. This as many small businesses are started by people made redundant or those who find gaining employment impossible.

My views on Blair tend to be unprintable, but on this I think he's right - which almost guarantees Reeves will do the complete opposite.

Truss tried that didn’t she? It wasn’t a bad idea but she should have done the OBR thing.

I think the Laffer Curve suggests maximum potential for tax revenue is around 38% .

What Blair Mandelson an Darling did understood was the need for Wealth Creation this in order to stimulate the greater economy.

Yes, actually Blair made his comments in an upcoming book called Prosperity through Growth which includes Laffer as a contributor. I'm hoping it will come out on Audible because I have credits banking up.

Such a shame we’ve voted in the ever increasing tax burden party instead. That’s it for the next few years.

If that idiot drops vat to £30k businesses will close as customers won’t take 20% increase I am childrenswear so no vatable but fux sake

I am beginning to think Reeves is being driven by some form of revenge - this feels like a form of punishment.

You can be fairly certain that if Reeves decides she has to raise income tax, then whatever she raises basic rate by, she'll raise higher and additional rate by at least twice or 3 times as much. She'll want to satisfy the slathering left that the whipping boys are suffering more than the favourites.

So eg raising standard rate to 21%, but raising higher to 42% or 43% and additional to 47%

Even though that would raise only as much as raising all income tax by 1.2%... probably less if we are over the laffer curve.

Increasing basic rate by 1p raises £6.9 billion
Increasing higher rate by 1p raises £1.6 billion
Increasing additional rate by 1p raises £0.145 billion

@strawberrybubblegum , I looked up an interview with David Betz after you mentioned him earlier. Scared me to death! I want you to leave London now!

Most hard labour people are about revenge. I cannot believe the comment I've just read in the guardian that reeves thinks people will understand her choices because 2025 has been a tough year / look at the world??

Jeremy hunt has been calling for lower taxes Singapore style for years and recently he's made a big thing about it. Of course Blair saying it is easier for them to swallow as he's one of "them " however one wonders how much his own family will prosper he's obviously very worried about his own families wealth and it wouldnt look good of he and they were also forced to " flee "

I cannot get my head around some of these budget decisions which are being floated? I’m no economist, but CGT on your main residence? That will destroy the housing market and have a massive effect on the construction industry. Who will buy a “doer upper” or invest anything at all in their home, if it’s all going to be taxed? You pay for those improvements from ALREADY TAXED INCOME??

Welfare needs a massive overhaul. I’m bloody sick of the threads where people claim there is “zero fraud”. It’s horseshit! I’m embarrassed to admit that a massive chunk of my own family do not and have never worked. They are currently on the third generation of worklessness and multiple DC. There is nothing wrong with them, any of them, they talk openly about how they game the system, how easy it is to get “paid out” and call me a mug for working. Until they come to my house, then they tell me I’m “lucky”. I’m not, I’ve just worked all my life!!!!

And the current thread about a viewer stealing a candle from a house has really got my fucking goat!!!!! So many posters don’t seem to care that the op has been a victim of theft, they just slag her off for buying an expensive candle? And that is a reflection of where we currently are as a country. If I can’t afford it, you shouldn’t have it either. Or, you should pay for me to have it too. It’s utter, utter madness.
Sorry, that was a rant!

"If I can’t afford it, you shouldn’t have it either. Or, you should pay for me to have it too" is exactly where we are at with this government. It is levelling down, creating huge divides and is still living in 1970s class wars. Regressive, punitive and anti-aspirational.

Thank you @EmpressoftheMundane - that's very kind of you ❤

I find it scary too. I do think the UK is such a strong democracy, but then I hear his phrase 'normalcy bias' whispering in my ear.

There seem to be so many canaries dropping all around us:

1.An anti-semitic murder at a synagogue... which people aren't surprised at 😱
2.Loss of police control of parts of Birmingham
3.Openly partisan politics
4.Bad economics - a common trigger
5.Gold buying (that's why I freaked out yesterday- almost a relief to be told it's 'only' due to loss of confidence in fiat currency)
6.HNW houses are having prices slashed to sell. I initially thought it was to avoid Reeves' upcoming housing raid, but I have an uncomfortable suspicion that it's to be able to leave the UK quickly if needed

@Octoberthewhatnow
I saw the comments on the candle thread. I couldn't believe it either. How have we got to a place where the victim is responsible for the perpetrators crime? It's a very sad indictment of society when a felony is treated in such a blase manner.

At least one was a 'usual suspect'. Such a bizarre take on what happened.

It says a lot about the mindset of people who walk amongst us anonymously.

The attitude to shoplifting. Not basic foods because your children are hungry. But gangs sweeping up joints of beef, steak, and other expensive items. Filling rucksacks and bags with impunity. People applaud the thieves because the supermarkets are making a profit, how dare they.

I'm with you. My DHs family are onto their third generation of non-workers, all who could absolutely work.

I do wonder if attitudes to the welfare state will go the same way as immigration - a topic which wasn't addressed, dismissed for years and now the public is finally demanding action. There are so many reasons asides contributing economically that working is important - self respect, building a network, having contact with other people...

Mad Ed is currently on TV defending and promoting his climate and energy strategies in conversation with Victoria Derbyshire. Honestly, he looks mad (as well as strongly resembling a Wallace and Grommit character, but I guess he can't help that).

I completely agree about the value of work, but I don’t think “the public” will demand action, because they are the public! One particular relative had 7 children with a variety of different women. None of them worked, they all had multiple children, their children have now had multiple children. That is more than 50 people, all housed and 100% supported by the state. They understand the welfare state in a way that I never will and the cost is astronomical. But, they would never vote against it (to be fair, they don’t vote either!) but they will take all they can get. And I do not think that my family is in anyway unique. It’s rife, but no one wants to talk about it.

I know! Let’s get rid of the 2 child cap. 🤯