Oh will you look at that! A government u-turn!

[tenbob]

AIBU to think this government is now totally dead in the water..?

Wonder what all the Truss handmaidens tying themselves in knots to defend the tax cut will say now..?

You seemed to ignore them during the last election campaign.

It's not very good, is it?

Is your name Douglas Ross? 😂

Nevermind, that was aimed at the person you were referring to @cakeorwine

You missed this out

Altogether, 90% of those who voted Labour in the last General Election say they would vote Labour again, while only 47% of those who voted Conservative in 2019 say they would vote Conservative again—the first time in our polling that this number has fallen below 50%.

Yes, and a lot of people do fuck all and feel entitled to other people’s money. Generally speaking the people who are earning enough to be in the top tax bracket make big sacrifices to earn that money. People seem to think they’re just “lucky”. Well most of the time it’s not luck, it’s hard work, long hours, late nights, all-nighters, stress, weekends worked, holidays ruined. I know because I live that life.

And do you know what? I’m going to go part-time because I am fed up living like that only to have to give half of what I earn to give to the government (and then be taxed every time I spend the rest I’m left with). If the tax cut had gone ahead I would probably have stayed full time. So the tax the government is getting from me is going DOWN from their u-turn. There’s a reason why tax take goes down beyond a certain tax percentage - it disincentivises people to work.

cakeorwine
Just 12% of people polled find the Government competent and 57% find them incompetent.

Oh well - there is some consolation in your link;

32% approve of Starmer’s job performance (-3)

Two years until the next election (hopefully) - everything to play for;

www.telegraph.co.uk/business/2022/10/03/truss-commits-25bn-railway-across-north-england/

@Skidaramink - but so what if you do? I assume that you are already rather well off.

Isn't the other half of this fiscal policy, which is all about supply side and I assume about getting poorer people to work with fewer rights, reduced benefits and less regulation?

That being the bit that hasn't been discussed!

@Skidaramink out of curiosity, how much would that tax cut have brought you? I hope you’ll enjoy more of your life with part time work. Please take this as a genuine thing, I’m not being sarcastic. I think we all have a price and we should all find the best life-work balance.

It was brilliant, wasn't it?

I nearly pee'd myself laughing.

Philip's face when he was confronted with the truth by someone who didn't give a bugger about other people's opinions of his social etiquette.

I don’t really follow, I’m afraid.

Yes, and a lot of people do fuck all and feel entitled to other people’s money.

Then they are also taking from those people who work hard and don't earn a lot ?

But those people who do fuck all and feel entitled to other peoples money are such a tiny minority of the country as a whole, I honestly wouldn't get worked up about them. Rememeber the welfare budget is over 40% state pension, then working benefits paid to people because companies cannot afford to pay them a decent living wage, then people who are disabled and people looking after disabled dependents, then those looking for work, who don't get the money if they don't fufil the criteria needed to get that benefit.

It would have meant that I kept another £15K or so per year of what I earn.

I completely agree about balance - my children hardly ever see me because I am always working. I can’t remember the last holiday I took where I wasn’t glued to my laptop all week. I regularly start work at 9am and work until the early hours of the morning. And that’s a high price to pay. Not worth it when half of what I earn gets taken by the government.

Thing is, when I go part-time, I will earn less, and the government will get less from me in tax. So it’s lose-lose until it? All because the politics of envy mean that the government have u-turned on the tax cut.

I promise you that if the tax cut had gone ahead the tax take from high income earners would have increased, just like it did when it was cut from 50% to 45%.

yes until the last few weeks it absolutely did need to be bigger

Being.a Labour Party member I’m very pleased with the lead

but I do have reservations around the sudden lead as it is down to a leadership change and a ridiculous policy I would have liked it on Labours merits not because the Tories are shooting themselves in the foot

as for an election right now I would rather it be next year time for Labour to get the message over particularly around Brexit. People are really tired of elections voting apathy of far more of an issue for Labour than Tories

and regardless of a lead Labour do not have the the biggest media outlets on their side this is an issue come election. The public will be reminded of Stammers what is women question that becomes the question does he know what he really what he stands for they will be reminded of Rayner’s scum comments and what ever else the can

this is how politics is in this country we vote the Tories in far more often that Labour

and who do you vote for ?

But it's only half of what you what you earn that's over £150,000, no? You keep a higher percentage of the rest.

I think my point is that the 45 per cent cut goes hand in hand with cuts to benefits, costly laws and regulations which protect workers, and that Is really the real budget.

If anyone thought, oh, 45 per cent being removed, that's about supporting the productive, then I think not.

No party can ever afford to put its most extreme members in power, if they want to stay in power. Think this is very true, the Tory party has taken a serious lurch to the right and I think they've gone too far (at least I hope they have, would be depressing if the country was keen on this extreme version).

@Skidaramink but you haven’t lost £15k. You life can continue as it is. You were dangled some money, then it was taken away. You’re no better no worse than 2 weeks ago. You can carry on with your life as it is. The Woolf is not at your door.

@lannistunut - their electoral chances are knackered by it. It's akin to the Labour Party going far left. And no, Labour are not anywhere near that by historical standards.

The Conservatives are on glue. They threaten their own MPs publicly. They fail to use institutions to their own advantage. They deliver policies that will change what money is in peoples pockets immediately and will continue to do so, negatively, for years to come.

They are politically stupid.

What an utter shambles of unprecedented proportions!!!
And to try and pass it off as a "distraction" - DISGUSTING!

Correct.
So scary to know that people like Truss and Kwarteng are in power. People defending the U Turn as some sort of absolution. Seriously!

How scary is it to know that Truss has shown so much incompetence and monumental misjudgement in such a short time. She cannot be trusted - yet this is the imbecile trusted with the nuclear button!

Do Tories have no shame? We just got shot of the lying lawbreaking Johnson who showed utter contempt for Parliament, now they have landed us with Truss!
Hells teeth.

Yes that’s right. 45% over £150K (plus NICs).

If my rough calculations are not totally off then you must be earning somewhere in the region of £450k per year. Surely at that salary the work you are doing is important enough to someone that if you go part time they will pay someone else to do the work that you’re no longer doing? That person will also need to pay tax at a high rate. If is important enough to pay you almost half a million pounds per year to do, I’m presuming someone, somewhere will need do it at a broadly similar level of remuneration. Just because they get less from you in tax, doesn’t mean they will necessarily end up with less tax overall.

I was going to go part-time as fed up of working like a dog, then the tax cut got announced and I thought, “maybe I’ll stick with full-time a bit longer, now that it will be more worthwhile”. Now there’s been u-turn on the tax cut and I am back to planning on going part-time.

That’s what happens when you tax high-earners so much - they stop working so hard, or they move to a different country.

It will be done out of the U.S. So, no.

Yes, and a lot of people do fuck all and feel entitled to other people’s money.
Liz Truss, half a million of our cash to fly to Aus. We pay her fuel bills, I could go on.....
That’s what happens when you tax high-earners so much - they stop working so hard, or they move to a different country.
The tax regime here is far from punitive - anyone who doesn't like it is free to fuck elswhere.
And before anyone starts, yes I have been in the 45% band in some recent years and I may hit it again this tax year and I don't begrudge a penny of it because I don't engage in the real "politics of envy" which is trying to paint anyone not as well off as me as workshy.

@Skidaramink go part-time. Enjoy your kids. God forbid, one day you or them may be in need of “benefits” (life saving emergency op , care home etc). Your taxed money benefits you and yours as well.