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…

Who is more likely to come out and vote in January, the typical Tory voter demographic, or those who want the Tories out?

@Emotionalstorm you mate are a bullshitter. You clearly post goady crap or are tone deaf. Restructuring lawyer whose hubby earns 10 x what you do my arse.
Rishi has much more charisma than Blair. It's unfair to compare the two
Most people are getting a payrise this year so why can't the MPs have one ? £2k isn't much, after all
Most of the country hate labour. It's a soul deep hatred
NHS -They should just sell it off and put it out of its misery. I would be interested in buying some
Because it's not true but Mumsnet is full if (sic) left wing communist fans
Just several of your contributions

Isn't leaking this sort of secret rather unpatriotic of you? as there has been no official announcement.

Anyway... the most likely date would be October 2024, within the 5 year cycle.

Sure, i strongly suspect, whatever the date, it will be rather close, Labours issue is the press & media will stop reporting what is still going wrong, like the crisis in education and the NHS.

"Out of sight.. Out of Mind"

They weren’t up until about a year ago.

@ScruffyGiraffes Insult away, seems the only way you can make an argument... but the cost of life style choices are not "tax rates" which is where we differ.
I can't read what is behind a pay wall & i told you i had subsequently read the thread.

Having children and going to Uni are not compulsory, someone with no student loans and no children is better off even when going into higher tax bands, ultimately they knew they would have repay loans, pay childcare and lose CB but these are not "effective taxes" anymore than if they took out an extra mortgage and then had less money than a lower paid worker.

Your graph demonstrate this perfectly

So, i don't agree with your argument, there is no pretence.

I would agree with you if it had worked but it clearly hasn't because people seem to be up in arms. Although to be fair to them the BMA have been lobbying for this change. Lots will say they could do it only for doctors but then they could have been taken to court by other groups.
People don't want to hear this but in reality these changes will cost very little and in fact may be more beneficial to the economy. The £1bn estimate by the OBR is just the decrease in tax take because people will put more into pensions but it does not take into account the extra tax that will be paid when pensions are drawn down or the extra investment in pensions etc.
It is not removing tax from the rich people but removing additional tax (@55%) that they had to pay when they were over the lifetime allowance. Most people just don't go above the LTAs and so don't save through a pension and instead invest in property which is another problem!
I think Labour have been very clever politically in how they have talked about this and the change to bankers bonuses (which had no tax impact).
It does only benefit well off people so that is correct but they will pay tax on their pensions when they are drawn down so the change just stops extra tax and encourages people to save more in their pension which they will likely spend when they get it.
I personally would never have reached the LTA in my working life so it wouldn't impact me but I think it is just about fairness, why should you pay income tax twice. Having said that I totally understand if you are earning minimum wage or even a lot more than that but nowhere near being able to out these amounts into pensions why it seems totally unfair.

This is the opposite of how I see it - I think this country is more left of centre than right and a lot of vocal people are willing to say how much they hate the tories, I really never hear people saying they hate labour, some disagreed with Corbyn but beyond that I have never heard it.

100%^

Needs to be remembered that even with a single issue GE (on Brexit) the majority of those who voted, voted for centre left parties and pro EU ones.

We just have a weird electoral system which virtual no one else uses.

UK almost always get a minority govt, whoever wins.

They are almost as comic as some of mine.

Lots will say they could do it only for doctors but then they could have been taken to court by other groups.

Like the judges were? How do you think that would work out?

Not sure what the judges case is so I can't comment but generally you can't create a different tax system for one specific job. Apart from the possible court case it would also be an admin nightmare.

If Kenneth Clarke is now considered left of centre then I think you are correct.

Didn't we have a different tax system just for the Chancellor of the Exchequr last summer so that he didn't have to pay as big a fine as he ought?

Here you go. The precedent has been set. No judge would rule against it. It wouldn’t be an admin nightmare at all, it would just require a specific tax code.

The Judicial Pension Scheme 2022 offers yet more advantages. As it is tax-unregistered, there is no Annual Allowance limiting the contributions a member can make to the scheme, nor is the scheme subject to the Lifetime Allowance.

@jgw1 Hmm I don't think so. The main problem with todays analysis is everything 'bad' is badged as right wing - so Brexit is right wing, even though it was originally left wing. If you are against Brexit you are therefore left wing - which is non-sensical. On this basis KC is left wing even though he isn't!

But my assumption is mainly based on the fact that the parties with the most votes in most general elections are left wing.

jgw1
Helpful pollsters consider that sort of thing when calculating how many seats a party is likely to win
Take a look at this link if you want to understand it more

Your link is a bit out of date;
Prediction based on opinion polls from 01 Feb 2023 to 26 Feb 2023

Interesting result from Scotland yesterday;
Britain Elects
Last night's Dunblane and Bridge of Allan (Stirling) council by-election result, first preferences:
CON: 41.0% (+10.9)
SNP: 26.9% (+1.1)
LAB: 13.4% (+1.6)
LDEM: 8.9% (-0.4)
GRN: 8.7% (-7.3)
Votes cast: 4,472
Seat change: Conservative GAIN from SNP

They try to do this shit in the run up to an election and the public are stupid enough to buy it.

Oh Clav, really? We all know how different Scotland is.

Blossomtoes
Oh Clav, really? We all know how different Scotland is

Are Labour not hoping to win any seats in Scotland?

I think they know it will take the SNP to implode. Scotland was always Labour before the SNP took it over.

@Clavinova My link is about 20 days old. You have previously posted links from over 20 years ago that are irrelevant to the topic being discussed. I will in future try to be more like you.

www.bbc.co.uk/schedules/p00fzl6t/2003/03/18

jgw1

I don't want to worry you but there's still a year to go until the next election...

general election

No, no @Clavinova you are mistaken we learnt earlier in this thread that the next GE will be in 2025.

en.wikipedia.org/wiki/2025

jgw1
No, no ... you are mistaken we learnt earlier in this thread that the next GE will be in 2025

Even better. Let's hope for some infighting over gender reform with Keir and the rest of the gang. Does he know what a woman is yet?