Labour isn't working - Thread 17

[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
www.mumsnet.com/talk/_chat/5436326-labour-isnt-working-thread-16?utm_campaign=thread&utm_medium=share

😁

Thanks for the new thread. I need to calm down. I get more stressed every day. They've stolen my love for life.

Amazing thanks @TheNuthatch

Yesterday was interesting, now we’ve gone from oh it’s just speculation from mean press to yes they will raise taxes.

It was inevitable. They always clobber people over 50k. It's what they do. I'm not shocked. Scared, but not shocked.

Thanks for the new thread!

Morning all and thanks for the new thread @TheNuthatch

Another day another bout of Labour induced indigestion!🤣

❤

Love the cartoon!

Good morning and thanks for new thread

I stupidly poped into the tax thread. Nope, not doing that again.
Progressive and democratic are two words that really don't describe Labour.

Hello! Going back to LunaMoonhowl’s point about schools shutting at 2:30pm. This makes me SO cross. People are annoyed that teenagers are wandering around and getting into trouble but the teaching unions want the day to end at 2:30. My children finish at 4 / 4:10 (but often have an activity afterwards). People talk about children in independent schools being privileged but, really, children whose days finish at 2:30 are disadvantaged.

During lockdown there was a load of stuff about teachers not setting work because the unions didn’t want them to. Why on earth do teachers accept being told what to do by their unions? It’s a case of the feet ruling the head.

I wonder what modelling Reeves has done with respect to the inevitable growth in unemployment claims?

Thanks for new thread!

I do wonder if we have totally cut back (DH higher rate tax payer) then who is spending at all?

@Catatemyhomework I agree - things are starting to feel very grim. All we can do is keep going. The only comfort to me is that if this tax rise is shared across the whole of (working) society then everyone will be incentivised to look at what we are actually spending money on. Previously those on average wages probably weren't too fussed as it didn't affect them. Now the NI employer increase and taxes rising I hope there will be a wider appetite for a fairer approach to working and benefits.

When I look down our high street I wonder how many shops can stay open. We've already had one Kitchen fitting shop close. As a family we basically no longer eat out (one exception coming up as we promised DC a meal out after 11+).

Pmk.

Thanks for the new thread @TheNuthatch ❤️

I’m thoroughly through with the cretinous behaviour of the Labour disaster. I’m literally going to have a few days off from reading about them. It’s damaging the few brain cells I have left.

And so. On to the delightful and gorgeous Roger Moore.

https://www.dailymail.co.uk/news/article-15258011/How-modern-gent-steps-carrying-handbag-lady-Roger-Moore-best-Bond.html?nsmchannel=rss&nscampaign=1490&ito=1490#

Better than any MP..

HAHAHAHA

Rachel Reeves must raise income tax for high earners by as much as 10p to fill a black hole in Britain’s finances, top economists have warned.
Hiking the higher rate of income tax to as much as 50p in the pound from 40p and increasing the basic rate by 2p to 22p is the best way to raise the money that the Chancellor needs to stabilise the public finances, according to the National Institute of Economic and Social Research.
The think tank said this would inflict less harm on growth than raising any of the other major taxes, or a raft of smaller levies.
However, the move would breach Labour’s election manifesto promises to not increase income tax, National Insurance contributions, VAT or corporation tax.

Currently, the basic rate of income tax is 20pc, or 20p in the pound. This rises to 40pc for those earning more than £50,270 and 45pc at more than £125,140 per year. Rates range from 19pc to 48pc in Scotland.
David Aikman, the think tank’s director, said the situation was so dire that the Chancellor had to take radical action to shore up Britain’s finances, including raising income tax.

He got better looking the older he became. He's defo my Bond. I went to see all of his Bond films at the Cinema.

I’m taken by the pre speech as a way to get the markets to react and lower borrowing costs. I wonder how much that has helped, if much at all.

It was to obviously pre prep the electorate on breaking the pledge and lies but what Reeves really needs is financial buffer. I think they might have thrown in the political towel to get anything from the markets.

Just musing really.

I think so, too.

Her focus is on gilts - no question.

I’m aghast that a 10% hike in the higher rate of tax could ever be considered “fair”. What do others think? Also, what about the implications to the additional rate (would it proportionately rise from 45 to 55%)?? Mind is currently boggling..

I think they are fucking certifiable, some of the people in these ‘think tanks’.

Ocean-going nutters.

Surely not 10%? That wouldn’t just be breaking the pledge it would be smashing it to smithereens with abandon. They would never be forgiven for that. Perhaps they’re saying it to make 3% seem like a blessed relief.

This budget is so shit. Whatever they do frankly.

Many teachers really wanted Labour in, I recall the tone and site at that time. Now it’s becoming clearer more time will be demanded with breakfast clubs and after school clubs.

I thought they did want the former as a policy and applauded it against the ‘uncaring tories’. Things really are different now Labour are in.