Labour isn't Working - Thread 33

[Nuthatch26]

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/5528337-labour-isnt-working-thread-32?utm_campaign=thread&utm_medium=share

The International Energy Agency recommended 10 things governments could do to ease some of the pressures caused by the Hormuz strait’s closure, and how many have the government implemented?

That’s right - NONE.

They haven’t even called on those who can work from home to do so, the easiest voluntary lever for a government to pull, and the easiest of the IEA’s suggestions. Instead, what we have had is essentially a series of policies and announcements that could be drawn from a box marked “populist clichés about shortages”. We’ve had the concept of price caps floated. We’ve had petrol court retailers criticised for price gouging…

Starmer's legacy

Who is worse - Kenyon or Burnham? I honestly don't know what to think.🤔

Streeting is talking about bringing capital gains tax into line with income tax.

Relieved I'm not having to choose. Poor Makerfield ...no, pressure but it's all your fault when it all goes wrong 😬

I'd be quite happy for Kenyon to win, partly because it would cause absolute chaos in Labour, but also because it could set up a really fun Mario/Wario rivalry with Hannah Spencer.

He’s trying to appeal to the left, to the right and to anyone who would listen.

Good thing not many are listening to him.

And not to make a partisan point, but I'm strongly in favour of having more white van men in Parliament. I think it would improve government no end. I know you need a certain number of lawyers, accountants etc for their technical skills, but your average white van man has a much better political sense than someone like Rory Stewart.

If Kenyon wins, that would possibly mean no catalyst for a leadership contest. So a win for Starmer, at least in the short term.

I was contemplating what I would have shouted had I seen Reeves.

’Look, there’s the moron premium!’

It’s hard to choose which outcome. I think Reform will be delighted if they beat AB, the king of the north no less who has a 20 point poll bounce.

Starmer fans will be happy too, if any left. But Labour still have the Reform might get in panic. That’ll be stronger so perhaps someone will challenge KS. Or wait until the next local elections to check yes he’s still losing us voters.

It’s what they think the plebs use

Are they really proposing that the whole capital gain crystallized in that tax year should be taxed at the person's marginal tax rate? With no allowance given for how long it's been held: ie hammering people with progressive taxation by combining many years gains into one tax year (sure, you can buy and sell shares each year to crystalise the gain as you go along, but not so easy with a house...)

And no allowance for inflation?!?

The mind boggles. How can they be this clueless? There's nothing fair about this as a tax law, unless you are a Marxist who believes that all property is theft, and celebrates maximum expropriation.

Are they just gaslighting us?

They are economically illiterate.

For a higher rate tax payer, our current 3% inflation results in a 1.2% annual tax on all property which is subject to capital gains, just from the inflation. That's at the very top end of what any country charges as a wealth tax... but with SDLT on top.

Surely they know that can't fly.

Which means that if you assume a real-terms yield of 4%, a higher rate tax payer would be paying 40% of what they have earned from the asset that year in income tax + another 30% wealth tax/capital gains on the inflation.

How can Labour justify stealing 70% of earnings, leaving the owner only 30%?

And if they're an additional rate payer, that jumps up to 78.75% going to the government, leaving the owner only 21.25% of the gain.

Ooh er. Arrests in Manchester about bogus candidates in the locals.

I find it very hard to believe that any mainstream party would do this. But it’s remarkable news all the same, given that there must be at least some evidence for arrest on suspicion to commit offences.

Oh Ange, now what?

Bloody love Labour - they would tax this decent spell of weather if they could…

Rachel Reeves is planning a £1bn tax grab on family holidays even as she unveils summer cost of living support for families.
HMRC officials are drawing up plans to impose VAT of 20pc on top of the fees that airports charge airlines to use their runways and terminals.
These fees are typically passed on to customers in full, meaning the move would heap more costs on holidaymakers and businesses. At Heathrow, the measures could add almost £5 to the current standard charge of about £24.
One airline industry insider said the Labour plan amounted to a “stealth tax” on families at a time when the cost of living crisis meant many people were already struggling to afford a holiday.

The Telegraph also understands that ministers are exploring the possibility of backdating the tax by as many as four years – the maximum permitted under current legislation.
Such a move would add around £1bn to costs paid by airlines that fly from Heathrow alone.
The sum would be imposed on top of the Air Passenger Duty (APD), which ranges from £15 to £106 for an overseas flight on an economy-class ticket depending on the distance flown.
Plans are being drawn up by HMRC and could be announced later this year. The Treasury was contacted for comment.

Rayner embroiled in ‘election fraud row’

https://www.telegraph.co.uk/gift/a6658e5d22efab29

It definitely didn't happen, that's why they told those who talked about this tactic in the chat not to discuss it in the chat 😆😂 Fucking idiots, but the disregard and contempt for the electorate in filling the ballot paper with fake names just oozes out of their corrupt pores.

100%.

Utter fuckwits, all of them. Rayner is a wrong ‘un, through and through.

They get better each day don't they ffs.
They can't lie straight in bed.

Talk about the Southern Based Media: I read about this story earlier in the day from the Independent given that we have had the Gorton and Denton By Election you would have thought someone would have known it was Tameside and not 'Thameside' . This is obviously a case of someone having capital fever (River Thames).

Raynor is of course denying any wrong doing or any knowledge, this despite an alleged discussion about fielding false candidates taking place in her kitchen. Apparently, according to Talk Radio something similar happened in the South West in the 1992 GE or early 90s where someone put a fake candidate up for the 'Literal' Democrats costing the Liberal Democrats around 3,000 votes.

Just read The Times version and it says that independents in other cities including Birmingham have regularly accused Labour of planting independents to split the vote. Perhaps they have form for this.

Labour MP gaslighting on increased borrowing in April. Second highest.