To think the Tories are clever?

[ClassicLib]

They are introducing a massive pension tax cuts for their rich mates in the city, and selling it by claiming that it might also persuade a few rich NHS consultants to delay their retirement to their second homes in France for a couple of years.
And who is paying for this? Why you & me, of course, because our basic rate & higher rate tax allowances are being frozen until 2028. This is actually a massive income tax increase for ordinary working people, of course. And the media have fallen for their spin.
That’s smart politics…

will also refer you to the utter hypocrisy of vaunting CEO endorsements given your political alignment

It’s hypocrisy to state facts now?

No i can't .... your dead right but than neither does the UK

Still commenting without reading the thread or the issues being discussed then. 😆🙄

Mike Hill, Labour MP, sexually assaulted and harassed a woman before victimising her for rejecting his advances.

He represents the Labour Party as much as Stanley Johnson represents the Tories.

"Mike Hill, Labour MP, sexually assaulted and harassed a woman before victimising her for rejecting his advances.

He represents the Labour Party as much as Stanley Johnson represents the Tories"

Nobody with a history of assault should be given a knighthood.

Nazir Ahmed, Baron Ahmed, was appointed a life peer in 1998 by the Labour Government.

Ahmed faced expulsion from the House of Lord for sexually exploiting a woman in 2017. The Conduct Committee recommended that he be expelled. Ahmed continued to be a Life Peer. In 2022 he was found guilty of historic sex offences.

No one who is a convicted sex offender should be given a peerhood. But Labour did.

No one who is a convicted sex offender should be given a peerhood.

But both parties have. It’s a ridiculous argument.

You need to take that up with @Notonthestairs.

Geoffrey Boycott (conviction for assault) received a knighthood from Theresa May.
Maybe it doesn't count if it happens in France.

It's not a ridiculous argument to suggest that no political party should hand out honours to anyone with assault convictions.

Thinking about it I don't think Johnson ever expected Stanley Johnson to get a knighthood- it's probably just a distraction from Dacre (Daily Mail editor) being recommended for one despite being turned down previously.

There is no govt tax rate that is set at 100% plus.

(As an aside, I remember this being in the case in Sweden as the author of the Pippi Longstocking books was charged this at one point.)

As you were!

Most of us are Labour/far left probably disgruntled Corbynistas
Right you are but seemingly prepared to vote for a right wing party with a poor history of government and values very different.
Funny how most of the posters on FWR are 'life long' left wing but just cannot wait to give the LP a good drubbing. Why are the tories always let off the hook ?
Most of the Gender woo has happened under the Conservative government but nah it's labour at fault and we love well known feminist Kemi Badenoch.

The posts on FWR are very eye opening. It's often like looking into a completely different frame of mind. GC-feminism as a gateway to rightwing ideology is definitely a thing.

Loads of posters on FWR are to the left.

I appreciate FWR on mn, more than AIBU on any topic tbh, but yes tg women are on there making valid and insightful arguments. Plus it’s had an impact but still going. Good on them.

Thank you for the best laugh I've had this year, if not this millennium.

No mention of 100% tax rates, holding us all back..... weird eh?

Its new 2023 forecast on Monday evening also sees the U.K. as the only “advanced economy” to contract, by 0.6%. This is 0.9 percentage points lower than its previous estimate

IMF Head of Research Pierre-Olivier Gourinchas said there were three main reasons: The U.K.’s high exposure to natural gas, with higher market prices being passed on to consumers; employment remaining below its pre-pandemic level despite a very tight labor market, resulting in less production; and sharp monetary tightening (Jan 2023)

Putting in a notional 99k salary vs a 135k one into a calculator, results in a net gain of around 15k p.a for the 135k salary.... not seeing the "worse off/IMF back me up" nonsense.

There is no govt tax rate that is set at 100% plus.

Except, you know, the one highlighted in the FT, Times, by the IFS etc that's been widely reported on in the last few days, that even the Guardian did an article about. I'm sure they're making it all up. 🤣

Again, for the third time here is the graph.

The IFS and FT and others - who actually know about economics - have calculated the effective tax rate and as stated several times in the thread that you admit you haven't bothered to read, for anybody with a child in childcare earning between £100k and £135k the effective tax rate is over 100%. I.e. those earning £99k will have MORE net pay than anyone earning up to £35k more.

If you think this will improve tax revenues to find public services, to discourage the workers who pay most of the tax from working full time, then you have no grip on reality.

Even before this budget, with withdrawal of child benefit plus a student loan, the effective tax rate for anybody with children earning over £50k was over 65%.

Even before this budget, the effective tax rate for those earning over £100k who had children and a student loan was over 85%.

You clearly have not the faintest clue about economics. These are the people paying the vast majority of the money to fund the NHS, schools, the universal credit that lets lower income households have a huge negative tax rate.

The wealthy don't fund it. There aren't enougj of them to do so and they pay much lower percentages of tax. It is the professionals working long hours who pay most of the tax that the country relies on. Screw them over even more and make it not worth their time and... well you can see what happens to tax revenues and the funding available, this is one of the main reasons why the economy is so screwed.

You've been given all the information. It's been explained to you repeatedly. You presumably have access to the internet to read about it if you wish. Your deliberate pretence that you don't get it is pathetic. Continue ignoring the issues if you wish and watch tax revenues continue to fall and look forward to yet more cuts because there won't be money to fund the services and benefits you want if you penalise the people paying for it all so heavily that it's not worth them bothering.