To wonder if Labour actually will be any better?

[Baabaagreysheep]

I think like most people I am keen to see the back of the current bunch, but I am not confident that anything will massively change for the better. Maybe that’s a bit pessimistic, but I feel that while some things will improve some will get worse - and some sort of at the same time, so I’m expecting my salary to go up but also my workload to go up!

Thinking back to when Labour were last in power it was another world, really. Interested in views.

Current Labour have never been in power, so how can they have a poor track record?

Well that's just a misunderstanding on their part really. I think it's pretty obvious that someone talking about earning £101k doesn't mean they're paying £102k tax on it - pretty clear they're meaning they lose more than the £1k extra they earn in tax and loss of childcare.

"Current" Labour havn't, no, but the Labour Party have a poor track record in their previous governments when in power.

Maybe they'll be better next time? Who knows? There's certainly no coherent tax policies/strategy coming out of them at the moment. Just more of the same "tax the rich" rhetoric, and from past form, they actually mean pretty normal people earning above average, but not millionaire levels of income, i.e. the squeezed middle!

If they're serious, they need to come out with a coherent tax strategy that's actually fair, workable, and will bring in the funds needed. Over to Rachel!!

Current" Labour havn't, no, but the Labour Party have a poor track record in their previous governments when in power.

Do they? The last one looked pretty good from where I’m standing. And that’s before you compare it to the absolute shambles of the current government.

And yet the Welsh keep voting for them. Bizarre, isn’t it?

They didn’t. You just didn’t read it properly and then we’re proven wrong.

It isn’t fear mongering though, it’s actually happening.

https://www.arabianbusiness.com/money/wealth/more-millionaires-leaving-uk-than-russia-report

https://www.bloomberg.com/news/articles/2023-01-20/millionaires-continued-to-flee-post-brexit-britain-in-2022

There’s a net outflow, and it’s not just tax revenue they’re taking with them. This is a problem, whether people want to recognize it or not, because it means the burden is increasingly pushed onto those lower down the ladder.

Like I said, capital is mobile. There will of course be wells that remain, but those will drain quickly. Britain needs to attract wealth, not chase it off.

That really isn’t true. More so now than at any point in my lifetime. I’d vote for Major’s government compared with the current iteration of Tories, they’re chalk and cheese. “They’re all as bad as each other” is such a lazy argument, designed to create inertia in the electorate.

Before the Brexit vote, the UK recorded net inflows, according to Henley. No data was published during Covid because the number of people migrating was so small. The dataset is compiled using countries’ investment-migration program statistics, interviews with advisers, media reports and real-estate transactions.

In part, the shift reflects the movement of well-paid traders and bankers from the City of London to financial centers in the EU like Paris and Milan. While there have been fewer departures in some industries such as banking than some had anticipated, there is a shortage of workers.
From the Bloomberg article.
So Brexit has an awful lot to answer for.
Wonder who proposed that.

Your post saywhat
Effective tax rate is over 100% for some. People
Don't blame me for your unclear communication and doubling down when asked questions about it.

It's almost like you wanted it to be misunderstood

But Jeremy Corbyn.

It is the most rational reason for not voting for Labour in this thread so far.

Corbyn got thrashed because he was economically illiterate.

His ideas were interesting, but the funding plan was madness. We would have been damaged much more than under Truss.

The latest Labour lot are effectively Tories, with a couple of sops thrown in to appease the left.

TBH, they don't have much choice in the matter. If they say they are going to squeeze the middle anymore they will not be elected. They can't borrow any more cash because the markets won't let them. So the only way for both sides if they want to raise spending is through growth. Which is why they both keep ranting on about it.

I think the danger with Labour is that once they are elected they will get a lot of pressure to revert to type and hose down the public sector with money.

I wonder at what point people will realise this isn’t good for them or anyone

Some will be glad to the end that they’ve left I suppose due to a kind of chippiness

On Wales continuously voting Labour I’m not overly surprised. If you get poorer, sicker, less education you might do that. It’s not something to try and emulate though

Some will, the pragmatists at least who are generally more willing to accept something they may not like if it’s worth the outcome. Fervent ideologues (of all stripes) however are at best loathe to acknowledge anything contrary to their worldview, and at worst more than willing to let everything crash and burn in the name of ‘the principle’.

Brown was a shambolic disaster with his tax/benefit faffing around, not being able to make his mind up, changing things as soon as he introduced them, not understanding the glaringly obvious foreseeable consequences of some of his changes.

My sister's dogs would do a better job than the Tories.