Is there money to do what Labour wants to do?

[AutismHelp1980]

The majority of us are feeling optimistic today and we should!

However my concern is, is there the money to do what Labour needs to do? I keep thinking back to Gordon Brown selling off our gold!

A recent study showed two thirds of people would be happy to pay more tax to fund public services so perhaps that's how it'll be done.

@MojoMoon the issue with Gordon Brown isn’t so much that he sold it. It’s that he declined the advise of a panel of experts, including the desk heads of the best bank bullion traders in the UK, who advised him 1) the timing was wrong and 2) if you decide to go ahead and sell it anyway, do not, under any circumstances, tell the entire market, in advance, that you’re going to sell it. Because obviously the price will move against you.

I know this because my boss at the time was one of those bullion desk heads sat in the meeting. Gordon Brown massively cocked up the sale of our gold reserves. One of our grads could have done a better job.

"Incredibly high taxes" - compared to where? Many European countries pay much more tax for high quality public services.

I'm not sure that "most people you spoke to" is useful data on this subject really.

The uk does not have incredibly high taxation

Most of the developed European democracies have much higher taxation and much better public services

No. Hence raiding pensions and taxing the living hell out of everyone.

I highly recommend listening to the interview Paul Johnson, head of the IFS, did with The Rest is Money a few weeks ago. He was pretty damning of both Labour and Conservatives for not admitting that they had no plans to pay for their spending other than “growth”.

https://podcasts.apple.com/gb/podcast/the-rest-is-money/id1703785141?i=1000657223674

They'll need to be giving the doctors their 35% pay rise pronto, if they're going to end the striking and tackle the waiting lists.

Nope. Booked in a meeting with the family lawyer for this week to look at IHT planning as I think there will be some big raids on that and CGT.

Absolutely.

The Sue Gray ‘s* list' and the 6 nightmares looming for Labour and Sir Keir Starmer

www.express.co.uk/news/politics/1919424/Sue-gray-list-nightmares-facing-labour#ICID=Android_ExpressNewApp_AppShare

Everyone knows there is just no money without increasing tax or borrowing more.

I thought it was Tony Blair who instigated PFI 🤔

Labour has a magic money tree apparently. Anyone with a job, pension or house may be very afraid now, tax raids may be coming.

All of these people who are saying they don't want to pay more tax, do you already pay to send you kids to private school and pay for private health care?

Surely the only alternative to not raising taxes and borrowing is privatisation of the NHS. Do you want that instead?

Infrastructure is going to be taken care of with private public initiatives so the likes of Blackrock will build the stuff and the British taxpayer will be guaranteeing their returns. Heads they win, tails we lose.

Starmer’s speech today about being ‘unburdened by doctrine’ is the clearest sign yet that Labour intend to use privatisation.

Indeed - I live in Belgium and taxes are much higher. On the other hand, I have a dentist, can get a same day GP appointment, kindergarten and wrap round care is practically free from 2.5 yo, Uni tuition fees are 800 euros a year, hospital care is fantastic and people aren't relying on foodbanks etc etc. In the UK it seems that increasingly everyone expects everything, but no-one wants to actually pay for it. I see so much about people saying they will move abroad if taxed more, but in reality many places have even higher tax rates.

Hopefully those who don't want to can opt out! Oh wait labour is in charge we have to fund those not working somehow. I honestly think they will borrow and make our kids pay it back

No of course not. But then they didn’t actually promise a lot, people just seem to think they have.

There's plenty of money in the UK. The only problem is that 23% of wealth is held by the top 1% of the population. The bottom 50% have less than 5% of it.

It's remarkable that so many people, presumably many of whom are not in this top 1 or even 10%, have bought in to the lies behind the idea that this is an inevitable or somehow even desirable feature of a functioning modern society.

The wealth of the 1% is truly staggering when framed in comparative terms. The machinations of much of the media and certain political entities is designed almost entirely to keep it as such.

I think the messaging coming from Labour is promising and it will be interesting to see if they are prepared to make some politically very tough decisions to start correcting the underlying problem.

This.
The UK isn't short of money, it is just very, very, very unfairly distributed.

Personally I'd rather pay more tax for good quality health services, social housing, education, policing, probation and social care. I'm a higher rate tax payer and feel under-taxed. I'm sure I'm not the only one.

I would too, and I'm NOT a Higher rate tax payer, by a long way.

I have zero expectation. More shit, different shitters.

National Service, how else can we guarantee a landslide to the opposition?
Bonkers

They'll raise the money the same way the Tories did and will spend it on public services rather than squandering it on failed, hopeless projects and contract for their mates.

Rachel Reeves was getting businesses on board before the election so they could be up a running from day one and The Economist and The Financial Times backed Labour. Just because the Conservatives were poor at managing our money, doesn't mean Labour will be.

I don’t think this is the case. I think people in the uk are worried that what we will end up with is much higher taxes, and then STILL have the highest childcare costs in Europe, uni tuition fees of 10k ( or more) per year, no nhs dentists and difficulty getting same day gp appts.

I don’t know why people in the UK have this idea they pay high taxes. I live in Spain and we pay way higher taxes and the self employed pay even higher due to paying exorbitant fees for the privilege of being self employed (and then paying tax on top).

I’m not convinced public services are any better here either! (The weather is however vastly superior).

I said so many times on here that I just don’t understand how they expect to get 5bn off non doms. If I was a non dom, I’d be on a plane to Monaco.