Labour isn't working - Thread 21

[TheNuthatch]

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

We are bracing for the budget 😬

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

Previous thread
https://www.mumsnet.com/talk/_chat/5445644-labour-isnt-working-thread-20?utm_campaign=thread&utm_medium=share

Yep, ad nauseum.

Taxpayers leaving makes them feel sick etc, but people coming here to work is all fine. Make it make sense.

Which people, please?

I haven't been on here today so maybe you mean here.

I'm a committed lurker and am both very pleased to see TwistyIzzy back and saddened and horrified by TheNuthatch's news.

Some threads back there was speculation that there might be a larger number of Labourites in the areas affected by the 'mansion tax', especially in London. On Friday The Telegraph's Economics and Property Editors (Szu Ping Chan and Pui-Guan Man) published a piece on this, under the headline "Labour's London strongholds to escape Reeves's 'mansion tax' raid".

I don't know how to attach it here, but here is some of it:

"Swathes of London controlled by Labour MPs will escape Rachel Reeves's council tax raid as backbenchers launch an attempt to water down the proposals.

"The Chancellor will announce a new levy on England's most valuable homes at next week's Budget as she attempts to shore up the country's finances.
The surcharge, which was revealed by The Telegraph, will affect properties in council tax bands F, G and H, and is expected to hit around 300,000 properties. However, analysis by Hamptons suggests many owners of high-value homes in the capital will escape the extra levy, particularly in large parts of London that have enjoyed huge investment and regeneration of the past few decades, including Hackney, Lewisham, Southwark and Waltham Forest.

"It means dozen of Labour MPs, including Ellie Reeves, the Chancellor's sister, are not likely to face the wrath of their constituents over the raid, which will be imposed before the end of the decade.

"Ellie Reeves, the Solicitor General, is the MP for Lewisham West and East Dulwich, where only 3pc of properties were in the top three bands in 1991, when properties were last revalued for the purpose of council tax.

"Hackney MPs Dame Meg Hillier, who is chairman of the Treasury select committee, and Diane Abbott, a former shadow home secretary who is now an independent MP, will also see most of their constituents escape the tax.

"Hampton's data show that just 5pc of properties are valued in bands F, G and H. However, many homes in the area now sell for more than £1.5m."

(There are 3 more paragraphs. The bold is mine. Apologies for any typos)

I'm not sure I have the jist, @amicisimma

Is that because these high value homes are below the f, g, h council bands? Or are they suggesting that they are going to build in a loophole to insulate London homes from the mansion tax through another means?

Edit: Sorry, I realise now that the point is just that there isn't really a London penalty because they don't have a high proportion of higher council bands, despite their high value. Bit slow tonight. 😁

I mean on mn generally. Just people realising high earners are leaving. When it was obvious they would.

I had to read it a couple of times, but I think it's saying that owing to development in those areas, which pushed up house prices, being mostly since the council tax valuations, properties which are now selling at prices that would be in higher bands if they were in other areas, are still banded lower as they haven't been reviewed. If they were in areas which have been popular ('expensive') for longer, they would have been in higher bands.

So in some areas, 'high value' properties that would attract the mansion tax if they were elsewhere, will not. And thus the Labour MPs in their areas will not have to worry about large numbers of people being affected by the mansion tax and turning against Labour.

Happy to be corrected if I've misunderstood.

Good if the penny is dropping

So far, I've only seen posts that basically say "good riddance".

it's really amazing how some people have absorbed the narrative that left equals good and right equals bad.

It’s been upgraded to ‘they make me sick’ which isn’t much better than ‘good riddance’ 😬

Mad though. We’ll all feel it when taxes drop.

Loving the ‘other’ thread - great fun on there.

I genuinely don't remember feeling so much tall poppy syndrome going on in the past. Maybe it was around, but I didn't really notice it? I have been on here for ages. Since before Brexit, because I was accused of making up a ridiculous word 😂

I do remember Rodney in "only fools and horses" being a bit of a Red. Del Boy wanted to buy a big house and Rodney said it was immoral. I wonder if the writer was trying to show something of the political divide through the character of the brothers.

Why the retirement wealth gap is about to get wider

https://www.thetimes.com/article/b9f6c9bd-5c53-4497-b749-0bc27c3c2745?shareToken=2c6d4cad1fefa3e549d4ba4af3c1f28c

Sir Keir Starmer has said he hopes Angela Rayner returns to his Cabinet after rumours she is preparing her own leadership bid.

The Prime Minister opened the door to hiring his former deputy back from the back benches, just two months after she was forced to resignfrom the Government.

Speaking to reporters travelling with him to the G20 summit, Sir Keir praised Ms Rayner as the “best example ever” of social mobility, and said they still “talk a lot”.

Ms Rayner has avoided directly criticising Sir Keir since leaving office, and used her resignation speech to describe her “socialist” ambitions for the future.

Dropped out of education prematurely - check
Unqualified for the role - check
Unmarried underage mother - check
Tax cheat - check
In hock to the unions - check
Potty mouthed - check

Now that’s what I call a role model!

Yes, I've re ad a few "hope the door doesn't hit you on the way out."
We'll good luck continuing to receive your state largesse when there's no one left to pay for it.

If that pub analogy works out then I imagine the conversation to be ‘they make me sick’ for a few rounds. And then people will turn on each other.

Oh yes. The beer analogy. I love that

The really ironic thing about it is that those people who have benefitted most from house price rises won't have to pay the new tax... whereas those whose house was already expensive 20 or so years ago - and so already paid extortionate stamp duty and didn't make as much out of house price rises - will.

Absolute classic Labour.

People will be fucking furious if they also increase taxes for others (i.e. those workers who don't qualify for UC, no matter how many kids they have). If Labour can't work out that it's shocking optics to remove the cap whilst making others poorer, there's no fucking hope. They're clueless idiots if the cap goes.

Yeah, I think that's about the crux of it. I think that this council tax change is going to see a lot of discrepancy up and down the country. I saw a headline somewhere that a £150k home was going to get clobbered with this, which is crazy.

Yep.

Yep I know someone who lied on his telephone assessment saying he couldn't leave the house because of his medical condition. Got awarded PIP and next thing you know he's halfway around the world on a surfing holiday. Surely it's not beyond them/AI to track the passports of people like this?

We already knew that public sector pensions were way superior to private sector ones (in the main). Though public sector workers bleat about the change to career average, whilst failing to appreciate how much better off they still are than private sector workers. Now it seems that the average weekly pay is also higher in the public sector (though some still whine about being paid a worse salary than their private sector counterparts).

I agree with Hunt. Let them have the same pensions as the private sector.

Absolutely.

Mine is 3% employer contribution.

My friend in the public sector does not believe me. Hers is 28.9% employer contribution.

Meh. The pension isn’t stopping the majority of teachers leaving with the first 5 years. The highest attrition in the western world.

I’ll be leaving and not staying for the pension. It’s a ponzi scheme which will collapse before I claim it. I pay about 10% ish my employer about 29%. Currently paying for all the retirees to sit on full salary retirement from 55. 68 for us and career average but no doubt it will change again. There is no pot.

The military, who struggle to recruit in specialist roles, one of the perks is the pension. Take it away then we will struggle. Same for nurses. So it’s not quite that straight forward. Teaching especially, people aren’t staying because of the pension. They are leaving.

It’s OK Eastern. A mn on a pp thinks anyone that leaves should continue paying all their taxes here as well as abroad
🤣🤣🤣

Lurking for sanity here again

Yep
There really does need to be a shake up
and At least some form of Eqaulity in pensions between public and private