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AIBU?

Share your dilemmas and get honest opinions from other Mumsnetters.

Is there money to do what Labour wants to do?

243 replies

AutismHelp1980 · 05/07/2024 17:15

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!

OP posts:
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5
TheThingIsYeah · 05/07/2024 22:22

@NewName24 @MissyB1

Ah didn't take long for the excuses!

So people are only "happy to pay more tax" if they are forced to pay more tax?

Ok.

Look, let's be honest, no one would choose to pay more tax so let's not pretend otherwise.

buttnut · 05/07/2024 22:23

I guess a lot of people aren’t going to like their methods because it will mean the rich aren’t going to keep getting richer at the same rate they have been 🤷‍♀️

marmaladeandpeanutbutter · 05/07/2024 22:25

Sour grapes!

KeebabSpider · 05/07/2024 22:25

hairbearbunches · 05/07/2024 18:53

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.

I think you are spot on. Although It's not a question of more or less privatisation. Every function is almost completely contracted out, and it's not even worth considering if some areas of social life such as social care, education and administrative processes such as welfare assessments should be. The process of privatisation goes back as far as '79. The problem is that profits are privatised whilst losses and risks socialised. Public/private enterprise and initiatives need to share the risks so that private companies, shareholders and investors are forced to; share the risk, share more transparently how they will achieve the outcome, share intellectual insights and property rights, not necessarily 'own' or expect to have complete autonomy over the functions for which they are contracted. A major issue now appears to be not just how can we pay, because we do pay, we pay vast sums of money to private companies and management consultants. The government and Whitehall have very little management oversight, and no direct knowledge of how either manage these contracts, or how to bring these functions back into public ownership and control.

Mariana Mazzucato is worth reading on this. Government investment is very much key to creating growth. Although I'd also point out that there are now trillions of dollars globally that are not invested because wealthy individuals see little to no incentive to invest. This phenomena sits alongside rising government debt, quite a coincidence isn't it!

Economist Explains How Government Wastes BILLIONS | Aaron meets Mariana Mazzucato | Downstream

The management consultant industry is worth around a trillion dollars, yet few people on the street could discern exactly how that money is spent. Much of it...

https://youtu.be/6PbYGgkdywY?si=oC0Y_Isilnaxo4S2

KeebabSpider · 05/07/2024 22:28

Anonym00se · 05/07/2024 19:47

Why are people still banging on about Gordon Brown selling (half of) the gold, when the Tories have sold public assets worth ten times as much since? Huge chunks of the NHS, Northern Rock, RBS and Lloyds’ shares, London Fire Brigade, most of our police stations, our stake in Eurostar, Royal Mail and lots more…

All while tripling the debt, plus the whole Trusterfuck. We’ve had years of listening to people bleating on about how “Labour have bankrupted the country”. Yet when the Tories do it on steroids, nobody even blinks. Labour may have spent a fortune, but at least we had jobs and excellent public services to show for it. The Tories sold off the family silver, hoiked up the debt (even before Covid) and we’ve had nothing to show for it.

This with bells on

NDmumoftwo · 05/07/2024 22:29

SpudleyLass · 05/07/2024 17:29

Nope.

Yer they claim to not plan to raise taxes.

No, they were quite clever about that, talking quite a bit about not raising personal tax rates. There's quite a lot else that they can do that will impact many people directly - stamp duty , inheritance tax, capital gains, vat .... and also indirectly - business rates...

Services will improve and that needs paying g for them.

Triestre · 05/07/2024 22:30

bluejelly · 05/07/2024 17:57

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.

(Just to be clear I don't think lower rate earners should be taxed more, far from it...)

I also think corporations need to be taxed more effectively - it's not right that massive companies like Facebook are able to dodge tax when they make so much money in this country (and do little social good).

Oh another one that feel generous and even better umdertaxed. Pls feel free to donate to the government.

www.gov.uk/guidance/voluntary-payments-donations-to-government

LakeTiticaca · 05/07/2024 22:32

I heard that every home in the land is being fitted with a meter to measure the air we breathe, so they can tax us on it 🤣🤣

KeebabSpider · 05/07/2024 22:32

TheThingIsYeah · 05/07/2024 22:22

@NewName24 @MissyB1

Ah didn't take long for the excuses!

So people are only "happy to pay more tax" if they are forced to pay more tax?

Ok.

Look, let's be honest, no one would choose to pay more tax so let's not pretend otherwise.

I don't think I'd mind paying more tax if that money was managed wisely. With many parts of the NHS outsourced to create private profits its just simply a case of emptying my pockets into the hands of already super wealthy investors for very little improvement in services.

Triestre · 05/07/2024 22:33

MissyB1 · 05/07/2024 18:01

Agree, We are higher rate tax payers (well dh is, I earn minimum wage). But dh says he would happily pay more tax for improved public services.

Oh this is going great! Let us know how much you will donate.
www.gov.uk/guidance/voluntary-payments-donations-to-government

TheThingIsYeah · 05/07/2024 22:33

NDmumoftwo · 05/07/2024 22:29

No, they were quite clever about that, talking quite a bit about not raising personal tax rates. There's quite a lot else that they can do that will impact many people directly - stamp duty , inheritance tax, capital gains, vat .... and also indirectly - business rates...

Services will improve and that needs paying g for them.

You'll also see hefty rises on things like fuel duty and air passenger duty, all in the name of "tackling climate change"

LameBorzoi · 05/07/2024 22:40

TheThingIsYeah · 05/07/2024 21:20

@MissyB1

...dh says he would happily pay more tax for improved public services.

What's stopping your DH from paying more tax now if he is so inclined?.Tell him to open his chequebook and send off a donation to HMRC.

Go on, do it today.

Sorry, what's that? He said he'll do it tomorrow? Oh ok. Sure he will.

Don't be silly. Paying more tax only works if everyone does it.

Triestre · 05/07/2024 22:43

BMW6 · 05/07/2024 21:10

I didn't vote Labour this time but I really hope they do well - for everyone's sake.

Unlike a lot on here I have no Party "loyalty".

I fear a future under far right or far left equally.

The world is a very dangerous place ATM. We, as a country, need to concentrate on what we can achieve working together, perhaps on a small local scale for starters.

May the new PM should start by bringing people together. However, he is not is he? It is a party for one part of the population only. A good politician think of everyone in their country.

LumiB · 05/07/2024 22:45

Quite frankly.anyone qho can work shoukd work cos we need ro increase.nimber of people working. This means company ies being kroe.flexoble to accommodate people with health issues who can work a few hours but not tradition 9-5.

Only those who really cannot work should be looked after by the state.

TheThingIsYeah · 05/07/2024 22:46

@LameBorzoi

It's not silly though is it? The government may or may not increase tax. In the meantime, why can't those who are "happy to pay more tax" take the initiative and do just that?

The rest of us who aren't happy will just pay more when we have no choice in the matter.

Triestre · 05/07/2024 22:47

LameBorzoi · 05/07/2024 22:40

Don't be silly. Paying more tax only works if everyone does it.

With so many people coming up as saying they would happily pay more and so many Labour voters with that mindset already. They should go ahead. However in real life I know how they refuse to pay taxes and ask for cash in hand those repugnant people 🤮

Ooral · 05/07/2024 22:47

Runnerinthenight · 05/07/2024 19:13

I have zero expectation. More shit, different shitters.

This is the only sense in the whole thread. We will be taxed even higher, through every stealth tax possible. VAT? Booze? Petrol? You better believe those will be hit, and very soon.

LameBorzoi · 05/07/2024 22:48

TheThingIsYeah · 05/07/2024 22:22

@NewName24 @MissyB1

Ah didn't take long for the excuses!

So people are only "happy to pay more tax" if they are forced to pay more tax?

Ok.

Look, let's be honest, no one would choose to pay more tax so let's not pretend otherwise.

You've got some type of straw man argument going on.

There's got to be some type of name for this situation. It's one where if everyone makes a change, things get better, but it only works if everyone does it. If only a few people do it, it disadvantages those few people, and those few people aren't enough to make things better

LameBorzoi · 05/07/2024 22:49

TheThingIsYeah · 05/07/2024 22:46

@LameBorzoi

It's not silly though is it? The government may or may not increase tax. In the meantime, why can't those who are "happy to pay more tax" take the initiative and do just that?

The rest of us who aren't happy will just pay more when we have no choice in the matter.

Because one person doing it won't make a difference.

SeriaMau · 05/07/2024 22:50

ladykale · 05/07/2024 17:28

No... but they will try to tax us all within an inch of our lives to try to do so (well those of us who don't leave the U.K. of course)

Do send a postcard.

Triestre · 05/07/2024 22:50

SeriaMau · 05/07/2024 22:50

Do send a postcard.

From where? She said she would remain here.

SeriaMau · 05/07/2024 22:52

Anonym00se · 05/07/2024 19:47

Why are people still banging on about Gordon Brown selling (half of) the gold, when the Tories have sold public assets worth ten times as much since? Huge chunks of the NHS, Northern Rock, RBS and Lloyds’ shares, London Fire Brigade, most of our police stations, our stake in Eurostar, Royal Mail and lots more…

All while tripling the debt, plus the whole Trusterfuck. We’ve had years of listening to people bleating on about how “Labour have bankrupted the country”. Yet when the Tories do it on steroids, nobody even blinks. Labour may have spent a fortune, but at least we had jobs and excellent public services to show for it. The Tories sold off the family silver, hoiked up the debt (even before Covid) and we’ve had nothing to show for it.

Some people have quite a lot to show for it.
Michelle Mone for one.

TheThingIsYeah · 05/07/2024 22:52

One person casting their vote in a general election won't make a difference, but people still vote.

It's ok. You won't be phoning HMRC in the morning to donate money to HM Treasury despite being happy to do so. I get it.

SeriaMau · 05/07/2024 22:55

Triestre · 05/07/2024 22:50

From where? She said she would remain here.

No she didn’t.
‘Those of us (her group) who don’t’

Says nothing about her plans.

izimbra · 05/07/2024 22:56

If Labour don't engage in an enormous spending spree to reverse the impact of 14 years of Conservative austerity and public sector neglect, they'll be accused by everyone on both the left and the right of failure and hypocrisy.

If they do signficantly increase public spending and have to raise taxes to fund this, the right will shout about 'same old tax and spend Labour'.

So maybe some of the detractors here would like to explain what they think Labour can or should do to improve the state of public services and the country.