To think it is clear where Corbyn will get the money from?

[malificent7]

Taxes of course... especially the rich.
Which is how it should be.

The rich will leave! In droves especially when we're not in the EU, they're being taxed to fuck and a massive rise in corporation tax will see the incentive for industry to leave the UK, stop business from expanding, which will reduce jobs etc

Where is it you think the rich will go? Assuming they majority of these rich people are British and English speaking, surely their options are limited? If there is no freedom of movement in the EU, they're left with the US, Canada, South Africa? All countries not easy to get into, assuming the rich wanted to emigrate.

The idea that business won't invest post-Brexit I understand and believe is going to be a problem - but that will be an issue regardless of who is in power. Business may earn less, but they are still earning. Small businesses may struggle with rising wages, that I can understand. But people won't just give up and not try to better their lot. It's just not how it works.

Annie so why are so many economists backing him? And why have so many economists also said the tories' austerity plan doesn't work?

Magic Money Tree - Quantitative Easing.

The more people earn/ recieve in welfare, the more people spend which is great for the econoy surely.

It depends on what people spend their money on. If money is spent with corporations that legally evade tax (such as Starbucks and Amazon) then not much benefit to our economy.

Sky subscriptions have been increasing year on year for the last 7 years both in cost and number of subscribers. At the same time Sky has been rapidly off shoring its customer service operations, so any money spent on this doesn't benefit the U.K either and certainly doesn't provide new jobs.

German cars are very popular choices on our roads but they are not manufactured here (unlike the Nissan Qashqai).

So yes in theory if people have more money to spend it can have a stimulus effect on the economy but only if the money is spent on goods and services originated from the U.K.

I wish people didn't think the economy is is like a househol budget! It's not! Its ok to spend, stimulate the economy and then regain money via tax.
Read some economics - dry stuff though.

The Tories' low tax, high levels of employment of an exceptionally low quality model is disastrous, it seems to me, particularly accompanied by spending less and less on ensuring the local population is well educated and healthy. Good businesses are no more attracted by poor infrastructure, chaotic public services, poorly skilled and unhealthy workers and failings in law and order than they are by sky high taxes. Mind you, Labour's proposals are not actually for sky high taxation. It really depends on what happens if they do not bring in enough in tax receipts to fund all their plans - keep increasing tax forever, or cut back on/delay immediate aims (if so, which ones?)? The Tories, on the other hand, have nothing left to cut as they already have the country in a perilous state, but seem incapable of comprehending this. I would not trust the Tories to negotiate a Brexit that does anything more than exacerbate our current problems to the point where nobody wants to invest in the UK any more - after all, if we will not invest in ourselves, why the hell should anyone else bother? Do the Tories think private enterprise is a magic money tree we can all feast off when we have so little to offer in return? Easier to rape the country of what's left then bugger off elsewhere.

I'd like to think he'd also get the money from cutting out all the opportunistic private firms currently making big bucks from the public purse, where previously that money went directly into providing public services. I'm looking at you Academy 'sponsors', PFI NHS contractors, G4S etc etc...

so it will come from everyone else's taxes

What is wrong with paying taxes to finance health care and education? I don't have any problem with that. I do have problems with the tax dodging or 'tax planning' of the rich, as with the already mentioned Duke of Westminster.

As for the bloody pathetic excuse of the Tories that they are spending "more than ever before" on public services - what the fuck do they think should be the case when the population is bigger than ever before?!! I thought the whole bloody idea of high employment and a larger population was that more people would be paying tax. But not under the fuckwit Tories - they prefer to line the pockets of mega-corporations which avoid paying already incredibly low tax rates, and to encourage the creation of millions of jobs that pay low enough wages to avoid income tax altogether, whilst not making up for this by increasing income tax at the other end of the wage scale.

Scaremongering was used to insultingly describe remainers in the Brexit referendum.

Now it seems the hard right are doing a fair bit of scaremongering on this thread. How ironic.

It's fair to say the right wing media and politicians have done a fantastic job of convincing many how hard up our country is.

Austerity isn't a necessity. It's a Tory ideology.

They used the economic crash to their own advantage and will do for many more years if we continue to vote for them. Austerity will never end under the Conservatives.

We are one of the world's richest economies. Whilst the Torys bang on about no 'magic money tree' to give NHS workers a pay rise for many years. it is strange that billions is found for tax breaks to corporations, the richest earners, the billions that Brexit will cost, the bombings in Syria and the millions this snap election will cost us all.

There's nothing wrong with wanting to try something different, to give the country a little hope that things can get better for us all not just those at the very top.

There is money in this country. It's just how it's used and distributed.

Op those 20,000 police officers didn't lose their jobs: police officers can't be made redundant. They are 20,000 less as they retired and weren't replaced.

Take my situation. Small family business supports us and three employees. We don't make much money but enough to get by. If minimum wage were increased to £10 per hour and corporation tax increased we could not survive so we would have to close the business. 5 more people on benefits and our dd would have to leave her independent school and return to the state sector.

So that's just 20,000 fewer job opportunities in the police for young people, then.

Antigonads

Corporation tax will not increase for small businesses. JC stated that in the QT debate.

He also said where the minimum wage affected small businesses there would be help in the form of tax breaks etc.

Antigonads - to be fair, if you have a child in private school, you make more than enough to get by. What you mean is, you want more than enough to get by to make you feel it is worthwhile to do what you are doing.

anti your daughter going to a state school is probably not an issue most voters care about.

If your business closed, you'd all have to be on benefits? Why? With business management skills, you'd likely find another job.

Besides which, we still don't know exactly which businesses would be affected by new laws on taxes. It could only be those over a certain size.

And someone is always bound to lose out when laws change. Sorry, but I'd rather that schools and the NHS and disabled people get more money than a small business. Those are my priorities. Not whether you can afford to send your daughter to a fancy school. I say that as the wife of a small business owner (who I've never heard whine about paying tax.)

Business won't have the funds to reinvest if labour get in because they'll be paying off the tax! Small business won't be able to employ because their bills will increase. Wages will increase. They will feel unstable. Their customers will be paying higher taxes so the small business income will be affected. (I was previously self-employed).

People will move, not everyone but some will and we need to be attracting business not repelling it and making up the gap with government jobs that are paid with by yet more borrowed money! ( My husbands company is preparing to do this! He works in the finance team).

Privitisation of the services is very complicated indeed and he's left out what happens to the subcontracted companies and those who provide services on the outskirts. I've heard numerous engineers in these industries explain why it simply won't work.

I'd LOVE the social sector, emergency services and NHS receive the money he's promised BUT at what cost!

Dh and I have been the squeezed middle for years. We've struggled and I mean really struggled over the last few years.

I now work in the social sector with poorest families in a very deprived area of the country. I'm seeing some (not all) using foodbanks and then going abroad for a week on holiday. They have sky but their children's shoes are to small. They say they can't work because of childcare costs but both parents sit and watch TV all day, go out drinking at weekends etc. These are maybe 50% of what I see. The system isn't working. The people who are suffering are really really suffering. (Having to feed a family of 5 on £40 a week is never going to work). This isn't acceptable but I can't see how Labour will change this without handing out money to everyone.
I know many believe Labours manifesto is the way to go but I can't see it.

He will get the money from "the magic money tree" which is to be found in the forests of tax avoidance. Mrs May's husband has a branch in that tree.

A rise in Corporation tax...which would still make us lower than anywhere else would also be a good start.

Annie so why are so many economists backing him? And why have so many economists also said the tories' austerity plan doesn't work?

Because just as many economists are backing the tories, and just as many economists are saying that Labours manifesto doesnt add up.

Dont use the letter of 150 economists backing corbyn

just

But then it's patently obvious that many educated people do believe what Labour is doing is right?. So it's ridiculous to dismiss it unless you too are an economist.

No idea what your strike though is meant to mean.

Oh FFS. The economy was fucked as soon as the last labour government decided to top up everyone's wages to a level that could not be sustained by taxing the 'rich'.

On top of that we are going to end up with national infrastructure squeezed to death with strikes and the demands of the Unions costing the economy billions in lost productivity.

The Institute of Fiscal Studies who are the experts in this field have looked at the Labour manifesto and said that they will not raise nearly as much money from their proposed tax increases as they said in their manifesto(they were scathing about the Conservatives also).

You're not voting for manifesto promises, you're voting for ideals and principles. No one can make a five year plan and realistically carry out every element of it. Have you ever managed that? Vote for whoever you believe can take the country in the direction you wish it to go in

Rinkydink

Your post was a great example of scaremongering with no basic facts behind it.

Small businesses won't be subject to corporation tax. I think the clue is in the term 'corporation'.

Big businesses never left us 10 years ago when corporation tax was higher than what JC is proposing. So why would they leave now ? To pay higher tax in the country's surrounding us???

Your tales of working with the poorest of society really explain your stance. How dare the poorest of us save up and take a holiday!!!!

Food banks can't be visited on a regular basis so I think your description of these people is a little extreme. You make it sound like 50% are doing their weekly shop at a food bank whilst sitting at home watching Sky, not working and abusing their kids feet!!

You're describing the very extreme of society not the majority of the working class, poor or disabled who just need a bit more help than they currently receive.

JC figures don't add up.

But it's ok because he wants to return UK to the 70's. Where Unions ran the country. Where utilities were nationalised, where the trains were nationalised, where you didn't need to worry as the Government looked after you and put a bit of money in your back pocket.

I can't wait....