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!

Hmmmmm, because it’s that easy isn’t it?

Easier than staying in a doomed country I would have thought? Especially if you command a high salary. I’m serious, there are countries that’s it’s almost impossible to leave, and others that it’s hard to get to and from once you leave, and yet for centuries people have moved for a better life and opportunity for themselves and their families.
The Uk has to be one of the easier places to emigrate from especially if you are an educated high earner.

Even Keir and Rachel don’t know that yet. Closer to the answer than yesterday though….

@Glengarrybell that’s the exact problem though…..what about the squeezed middle who aren’t commanding high salaries?

You know what Labour wants to do!? 🤣 please share!

It’s quite exciting really. Feel like I have bought a lucky dip at the fair and no idea whats in the bag.

The squeezed middle can find pastures new too if that’s what they want if they think the country’s doomed. Or just if they want a better life. There is better pay to be had in many of the surrounding countries so you might not even have go that far

That’s not true either. I would go tomorrow but we are pension trapped by my husband’s job.

If you mean Private Finance Initiative by PFI, it was John Major in 1992. Blair expanded it.

And higher costs in shops, so it all balances out. One cannot just look at the part of the equation that suits the argument, it has to be taken as a whole comparator.

Historically, that hasn't happened either. Besides, the Conservatives have cost me my entire living with Brexshit. If Labour get the economy going again, and I get back into work at the level I was, I would be paying higher rate tax. And for this, under the Conservatives, there were no local NHS dentists forcing me to go private, and I can never get to see a GP.

I would happily pay and extra percent to solve both of those as it would probably cost me less than the private dentist does.

Ongoing payments can be stopped though.

They can't just borrow more though as the Conservatives have emptied that pot too. We have lost our triple A credit rating, and so borrowing us more expensive and we have a larger debt than the GDP which is never good.

Besides which, we were doomed as a result of Brexshit, so it is really a moot point. It will take decades to undo that mess, and ultimately, the Conservatives had no plan either, so we can't be worse off with a change.

Whereas the past two years have been a prudent fiscal dream haven't they?

Six weeks of endless tedious 'don't vote Labour threads' and now in under 24 hours scaremongering about all the wrongs you think the new government will do. Despite the fact that there appears to be a cabinet appointed for talent and skills which is quite the novelty after the past few years.

How exactly would the Tories have improved waiting lists or education or delivered Rwanda or the need for working families to use food banks AND kept cutting taxes?

Or maybe you don't care about any of that because you've 'worked hard' (conveniently overlooking the fact that millions who struggle have also done so) and you don't want to contribute towards better services.

There is plenty of money to do what they want to do.

Trouble is, that money is in OUR pockets and they will come for it.

Bloody hell - give them a chance!

I don’t know what the future holds, but as a teacher who has spent the last 14 years see Gove destroy the curriculum, funding cut year after year, and just generally felt like teachers are not valued as the professionals we are, I walked into school a little lighter yesterday as I remembered how much better it was teaching under a Labour government.

There’s a lot of doom mongering on this thread. All I imagine is that there must be a lot of wealth of privilege if you haven’t suffered any financial hardship over the past 14 years. Under austerity I had my wages frozen and any pay rises in the past few years have been way below inflation. That was done for the good of the country under the Tories but I didn’t see any improvement to society - public services just got worse.

I don’t think they did. Only on Mumsnet do these middle to high earners (or of course their DHs) fall over themselves to pay more tax.

It’s not about taxing lower incomes more or even medium rate tax payers.

We are all relatively skint.

They should be taxing the super rich. There’s loads of them. My mate is currently working on a 250million pound yacht. There’s 200 staff for one dude to have his eggs cooked right in the morning. This kind of wealth disparity is happening more and more, whilst the rest of us are bumming around for scraps. It’s not on and should be rightfully corrected. Companies that pay no or very little tax should also be made to pay. The money should go directly into public services.

The Tories are feeling a bit sore, let them have their moan I guess

We’re possibly a bit different. In a family farming business when traditionally the land gets handed over IHT free at death due to Agricultural Property Relief. We’re concerned that there will be changes to APR and BPR so are looking into the parents gifting it now. Even if they don’t make 7 years it will have started the clock ticking. Downside is the gift would be due SDLT but at the moment we still think it’s worth it.

@MissingMoominMamma I thought one of the biggest holes in hospital budgets today is servicing the eye watering interest on private finance initiatives agreed to last time Labour was in power. Can anyone more knowledgeable comment?

The problem with the state not having its own money to improve infrastructure is that it needs to borrow it from private sources. Which it can of course, a bit like a mortgage. But there has to be something in it for the private companies…

He has said he won’t raise income tax, so it will have to come from so-called stealth tax rises. The trouble is we have a lot of these already and they do all ultimately impact the cost of living and levels of disposable income.

A few interesting election observations (not my own):

1. Labour’s vote share: 33.7%!!!!!!!
2. Labour’s vote share increased by only 1.6% since 2019 😯😯😯. Further analysis shows the only place Labour’s vote share increased was in Scotland. It stayed level in England and went down in Wales.
3. In terms of votes cast, Starmer won 6% fewer than Jeremy Corbyn did in 2019, and 25% fewer than Corbyn did in 2017.
4. Lib Dem’s seat share change was vast compared with their vote share change, which increased modestly, due to tactical voting against the Conservatives.

At the last election people voted tactically to keep Labour out and many Labour Party members complained. This time the roles are reversed. This is why I’m actually in favour of FPTP. It is ruthless. It forces parties to get their shit together and appeal to a broad church before the election, rather than a rabble of different parties, including extremist parties, arguing over who will be part of a coalition after the election.

The state either does that, takes more taxes or prints more money. The problem was not the idea behind Labour’s PPP. It was their stupidity in signing up for contracts that would sting the public sector. The deals are a long way from a mortgage, which would have been a more sensible approach. They are jaw droppingly awful. It’s incomprehensible that they were ever agreed to.

No, they don’t - but they’ve said that openly, it’s not a secret.

They’ve been clear that to do what they want will need economic growth to return to the economy. Without it, there’ll have to be tax rises somewhere.

Sounds like you are structured incorrectly. There shouldn’t be SDLT. Personally I would not be too concerned if you are farming in-hand as opposed to an agricultural landlord.

I was sent this and eye rolled when i saw it BUT
https://x.com/GMB/status/1809114873894228261?s=08

I cant help but think steve baker is 💯 on the money

Labour's credit boom and fiscal policies leading to the finanicial crisis.
This combined with restricted building and zoning leasing to soaring house prices locking generations out of home ownership
Labour's involvement in an immoral war we were unilaterally signed up for and the illegal torture that followed.

It can easily be argued these all created perfect hothousing conditions in various ways for extreme view points we see today.

Israel v palestine
Hatred for private education
Hatred for those high earners who dont feel wealthy
Hatred for boomers
Hatred for workshy millenials who spent their money on avocado toast
Resentment towards those who "chose a life on benefits"
Anger at the world and others in general.

A lot of this is blair brown "mandy" & co chickens coming home to roost.
Dark and grim times lay ahead.