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!

I’m not a detractor. Cutting tax evasion and corruption would be a good start.

Conservatives have implemented over 25 tax rises, so probably not much need to raise anymore. Just stop squandering what is raised already and spend it more wisely.

This. I’d happily pay more income tax for good public services.

They promised not to go after income tax or VAT. My understanding is they plan to increase CGT and something about agricultural land? (Didn’t quite understand it though…) but my point is there are other types of tax other than income tax.

I'd be very disappointed if Labour doesn't address these issues.

id love to know what your solicitor can suggest re IHT planning as two solicitor’s I have spoken to on this subject were not able to reduce my anticipated bill at all! Divorced or single people do not have seem to have many options.

And much higher salaries to manage it!

They will tax us for everything, garden, inheritance,VAT for private school fees. Basically anyone who has worked hard and earns a decent amount of money will be taxed to the limit

I don’t believe they will actually be able to deal with companies like Google so it will come down to the little guy, the business owners etc and the higher earners whol are relatively wealthy but nothing in comparison to the corporations…

But this is easy game

Yes! The health care bills on top of tax = 100 k a year, I would be very happy to pay extra tax if I didn’t then have the medical bills (for a chronic illness- majorly under funded in U.K.)

Indeed this. I cannot believe so many people voted for this.

Sorry - NOW you ask or wonder this?! After it’s all said and done and labour is in?!

So true

I don’t believe they will actually be able to deal with companies like Google so it will come down to the little guy,

You owe the taxman £10k they've got you by the balls. You owe them £10mil you've got them by the balls. Or something to that effect I read once!

My exact thoughts!

Or just even single and childfree people but yes especially the low paid ones.

A friend of mine was getting no help at all when her mum made her homeless, and then she became unemployed thanks to her ex (long story). it just broke her down and she signed off on disability where she finally got some support (housing & disability income etc ) Without being on disability - being single without a child she’d have got next to nothing.

It’s really messed up that the way they have made things with rising rent and house prices against a backdrop of low pay, it’s like you need two incomes to live independently.

So many single thirty somethings are moving back home but what if the ones who don’t have a nice family to go back to? . You should be able to live on one income.

There’s plenty of money for the right investments, that’s the thing about investing- you invest well you can expect a return. If you’re good at investing you’ll get people (or banks really usually) who will give you money to invest. A good government is good at investing on behalf of its people, and ideally the benefits of those investments are distributed fairly well across the population.
HS2, inappropriate PPE? These were bad investments. Education and training ungraded? Likely good investments, but then failure to invest in health and public health could undermine those investments if poor health impacts on the workforce and burden to the health and care system to such an extent that productivity is lost.

Starmer probably looks like a nice safe pair of hands so he will find it easier to “find the money” than say crazy eyes Truss. He’ll have to say he won’t spend a penny more than is needed and that he’s going to keep debt down etc etc because that’s the nature of the poker game, but if he has any sense he’ll quietly invest like crazy in the things that matter to growth and prosperity without trying to catch too much glory for either being mean to poor people or showing how generous “he” is to the nation. I imagine he’ll use the next few months of political capital to make the big unglitzy long term investments he needs to make to avert disaster.

Nothing was spent on National Service as Sunak knew he was going down so no money to be recouped there. The money on Rwanda has already been spent so no hope of getting that back.

Historically, Labour spend, Conservatives cut back, however many of the best things were brought in by the Labour government which takes money. Labour Have also presided over higher GDP growth, and lower levels of unemployment.

I hope so!

It was awful under the tories IMO so if they had got re-elected yet again I’d definitely have been packing my bags now I’m more open to seeing how things go . I was already wanting to leave after GE 2019 but then covid scuppered my plans.

Now, it’s a new party and all that so I’ll give them a chance. I get that it won’t exactly take a short time to turn things around, but I need to see they’re moving in the right direction.

I hope under this government more people get back into work and also salaries rise! Because it’s ridiculous both how low the pay is here and how so many people are out of work.

Yep, it definitely was Tony Blair who set up the PFI's. My DH was a civil servant and he had to manage many of them. He used to be frustrated at how much it was all costing and it kicked the cost down the road too.

The money on Rwanda has already been spent so no hope of getting that back.

Great 😤 it’s absolutely criminal how reckless he’s been with our money.

No there is no money left. Again.

But Labour will borrow even more and tax even more than the Tories did.

If you’re a net contributor, prepare to be rinsed even more. If you’re a net taker, happy days, your freebies are about to multiply. Until, finally the IMF decides to step in.

The country is doomed.

Once they have added 20 percent VAT to school fees and many parents take their DC with some SEN out of independent schools where they could cope on small classes and put them back into state schools it won't save any money. It will just mean the classes get larger for all DC. Labour claims they'll hire 6500 new teachers. This is laughable because there has been a shortage of teachers for years. As older teachers retire it gets worse every year. Yet RR thinks she'll click her fingers and magic all these new teachers up.

Also I don’t want to be too rude here but obviously OBVIOUSLY the tories did a spectacularly terrible job with the economy and general investment even if you measure them by their own vague and meagre standards. As a party they invested in party loyalty at the expense of talent development and while it didn’t matter so much initially and in fact paid off very well at first, in the long term it’s been very destructive. In government they stoked division in the population because it’s genuinely a great and cheap way to gain support (blaming EU, lazy poor people, or immigrants for their failures, or at least writing policy as though they were blaming these) and deflect blame in the short term but at a certain point they ran out of road and had to resort to blaming Labour from 14 years ago and their imaginary version of future Labour who had at times seemed to have already squandered all the lovely future money and plunged us back into free trade with that terrible biggest single market in the world.
oh and each other, they turned on each other, eventually they destroyed the one thing that had protected them, loyalty

Actually, many, many people would be happy to.
As have stated on so many threads over the last days, weeks and months.

Just because you feel that way, it doesn't mean "everyone else" does.
what a narrow minded way of thinking.

We currently have the highest rate of tax for over 70 years

How do you work that out ?
Can you link to some independent figures ?

I’m sorry I know it’s become a terrible thing to say apparently these days but if the country’s doomed, why stay here? I mean it should have been clear for a while that the tories were not going to magically turn things around, and you have no faith in Labour so why not just find somewhere better?

They were very vocal about scrapping the spare bedroom subsidy years ago but now say that its not possible. So much for helping the poorest in society, you can’t downsize when theres no suitable social housing