Meet the Other Phone. A phone that grows with your child.

Meet the Other Phone.
A phone that grows with your child.

Buy now

Please or to access all these features

AIBU?

Share your dilemmas and get honest opinions from other Mumsnetters.

What Rachel Reeves does next? Surprised no thread on this yet. It's all over Twitter

552 replies

Sharingsomewisdom · 21/08/2024 13:50

https://www.dailymail.co.uk/news/article-13764547/Rachel-Reeves-mulls-tax-hikes-spending-squeeze-raising-rents-social-housing-Chancellor-sees-Government-borrow-3bn-forecast-month.html

Or am I the only one interested what she is eying next? Any comment on the reasonableness or otherwise of Rachel's next focus?

Chancellor sees Government borrow £3bn more than forecast last month

According to the Office for National Statistics ( ONS ), public sector net borrowing stood at £3.1billion in July.

https://www.dailymail.co.uk/news/article-13764547/Rachel-Reeves-mulls-tax-hikes-spending-squeeze-raising-rents-social-housing-Chancellor-sees-Government-borrow-3bn-forecast-month.html

OP posts:
Thread gallery
17
llizzie · 22/08/2024 19:56

FancyBiscuitsLevel · 21/08/2024 14:01

There’s a gap in the finances left by the Tories. Either services get cut further or more money gets raised from somewhere or other. I’m expecting tax rises but I’m also expecting the DM not to have the closest links to really know where she and the rest of the team are planning to raise that money from.

Do you know that, or do you believe it because the new government tells you?

cardibach · 22/08/2024 19:57

llizzie · 22/08/2024 19:46

If she plays about with IHT it may not be to the government's credit. In most ordinary families who are buying their own house, children often go without to save for a deposit and pay the mortgage. Why should they be taxed when they inherit?

When houses owned by the deceased come up for sale, in some locations it may be that property managers and landlords sit on the heirs until they have to sell in the end. The Treasury adds interest on any IHT after 6 months, and few heirs can keep up the utilities and insurance on a vacant home.

Some are persuaded to sell low for a quick sale as ''anything more only goes to the Treasury''. It is daft, I know, because it is a tax, not the whole amount of the limit, but when push comes to shove, buyers win. It is how many landlords obtain their portfolio.

It would be unwise to give more wealth to property managers and developers and landlords at the expense of the heirs - and the Government, The ones who lose out are the hard working parents who thought they were leaving something to the children. It is false economy.

Very few people pay inheritance tax.

What Rachel Reeves does next? Surprised no thread on this yet. It's all over Twitter
llizzie · 22/08/2024 20:00

baroqueandblue · 21/08/2024 15:03

Funny how, for way too many people in the UK, that doesn't feel remotely true. I've heard this line trotted out in the last couple of months in order to sneer at Labour, but for who exactly is the economy in a very good place?

It's the same kind of 'Look over there!' claptrap as "they must've known how bad things were before they got in". Pathetic attempts to distract from the economic sinkhole the Tories caused (and left huge swathes of the country at the bottom of) before they slunk away like the rats they are.

The Bank of England is really in charge. It is still trying to make up for losses over Libor in 2008. It is the Bank that governs the interest rate.
Only when the finance houses decide they have recouped enough to fill their coffers will that change.

llizzie · 22/08/2024 20:02

Bushmillsbabe · 21/08/2024 15:05

Very good point.
And for those who aren't claiming housing benefit, it may push them into poverty. And for those who are, it won't raise any money as government will just pay for it anyway. Or expect families to find the difference, putting them into poverty. Some of these may also be pensioners who have just lost their WFA.

I voted for Labour, and as an NHS worker I will probably do quite well out of them with pay rises. But I do not like the way they are treating vunerable people - between social rent increases, cuts to WFA and hitting families with children with SEN (who have felt need to resort to private schools as state schools have not met need) with VAT, the outlook is not great. RR is smart, she knew all this was coming before the election but gave us a load of twaddle about no tax rises, no rises in borrowing.

Will you do well out of it? Will the junior doctors do well with their 22% when pensioners suffering from hypothermia block more beds and the junior doctors watch them die of cold, as they did before WFA?

BIossomtoes · 22/08/2024 20:07

llizzie · 22/08/2024 19:56

Do you know that, or do you believe it because the new government tells you?

Every financial institution is saying the same thing.

JohnTheRevelator · 22/08/2024 20:08

I am fully expecting her to start attacking sick and disabled people's benefits in the not too distant future. Let's face it,they've always been an easy target, regardless of which party is in power.

BitOutOfPractice · 22/08/2024 20:09

In fact @Freysimo I'm going to come back again and ask you why someone who says they wouldn’t line a litter tray with the DM would be reading the online version which I believe to be even more misogynistic and stupid. I’d rather eat my own head.

BIossomtoes · 22/08/2024 20:12

llizzie · 22/08/2024 20:02

Will you do well out of it? Will the junior doctors do well with their 22% when pensioners suffering from hypothermia block more beds and the junior doctors watch them die of cold, as they did before WFA?

More people die from excessive heat than cold. Climate change means that will increase. We haven’t had a proper winter for years.

Spectre8 · 22/08/2024 20:12

JohnTheRevelator · 22/08/2024 20:08

I am fully expecting her to start attacking sick and disabled people's benefits in the not too distant future. Let's face it,they've always been an easy target, regardless of which party is in power.

Isn't that her comment about 10m people not working and we need them to go to work in some capacity...

Sharptonguedwoman · 22/08/2024 20:13

ilovesooty · 21/08/2024 13:56

I wouldn't be using the DM to forecast government policy.

⬆️ this. The DM is a comic.

Winter2020 · 22/08/2024 20:30

LlynTegid · 21/08/2024 17:46

Ironic if the Daily Mail (I usually call it by another name) complaining about social housing rents being perhaps 60-65% of market ones in ten years time, when many of the occupants are demonised by them.

Personally, it would not be my first increase to fund public services, as argued before, £1000 a year more for every large or high performance car as a minimum would be first on my list.

£1000 a year? Crashing the motor industry - how is that going to help our economy?

Hellodollydaydream · 22/08/2024 20:31

No the guardian and Reuters are not okay either Labour will destroy the country and they are two months in and if you are okay with all that there's a problem with you you don't pay off Júnior doctors when labour has been in the pay of the unions + give the train drivers their own pay rise Whilst perniciously punishing the elderly who aren't on pension credit but nevertheless close to the breadline and remove their winter fuel allowance they disgust me

Hellodollydaydream · 22/08/2024 20:34

That's all you've got? they inherited a mess from the tories😩what mess did the Tories inherit? neither shower are worthy to be in government -with any luck reform will teach them a lesson next time around Support is building by the day whether or not that is palatable - tough - most people aren't on mumsnet so how about diversity of opinion ? because there are a lot of reform voters out there

Hellodollydaydream · 22/08/2024 20:36

Posting links to the daily mail won't get you anywhere? But those to Reuters and the guardian will ? get over yourself

Winter2020 · 22/08/2024 20:38

EasternStandard · 21/08/2024 17:59

But I fully agree with dismantling human trafficking gangs, for good. That will sort a problem, instead of just patching up things.

If you can incarcerate some people, as hard as that is, how do you stop more people taking their place and trafficking?

I always wonder with all the "smash the gangs" soundbites - all someone needs to do is by a dinghy with a motor and charge people to hop in. How are you ever going to stamp out that?

EasternStandard · 22/08/2024 20:42

Winter2020 · 22/08/2024 20:38

I always wonder with all the "smash the gangs" soundbites - all someone needs to do is by a dinghy with a motor and charge people to hop in. How are you ever going to stamp out that?

Exactly. How is that even possible? The demand for trafficking is huge, all it takes is someone willing to take the money and find a shoddy boat.

Plus trafficking networks are multi million organisations with marketing and recruitment, take out one leader and the next steps up

The UK thinking it can clean this all up just sounds so unrealistic, and endlessly costly

Countries already do this and still the networks are there

Winter2020 · 22/08/2024 20:45

Greybobblyowl · 21/08/2024 18:03

I have 2 friends one is social housing one in private rent both in UC. The LHA allows the full rent to be paid on one of the homes which is just over double the SH rent - raising the SH rent will just be one government department paying the other ??!! Regulate private rents and that’s less money going to the landlords who are overcharging and that’s what will save money - reduce the LHA not increase social rents !

There are already 17 people on average going for each rental property. If people need to claim housing benefit and it doesn't provide enough to pay the rent then they will have no chance of securing a property. Even with the Government trying to make it illegal for landlords to discriminate against people on benefits surely they will be allowed to turn down people that can't afford the rent?

If and when there is enough social housing then sure reduce the Local Housing Allowance but in the meantime you would just be stopping people on benefits from being able to find anywhere to rent.

edwinbear · 22/08/2024 20:48

@Hellodollydaydream are you having a pop at me? I posted links to The Guardian & Reuters bec PP were questioning the credibility of the DM article. The Guardian & Reuters articles I posted have the same content, just a more acceptable source for some. So perhaps it’s you who needs to ‘get over themselves’.

SparklyPyjamas · 22/08/2024 20:55

BrownBirdWelcomesWhiteWave · 21/08/2024 14:23

They've inherited a mess from the Tories...

Its not like its all been left tickity boo and shes come in and fucked it all over, her name isn't Liz "lettuce" Truss

Bet you weren't moaning about the Tories when you were sitting at home drinking your Pimms in your garden furloughed during the COVID years.

RufustheFactualReindeer · 22/08/2024 21:01

Loads of people i know weren’t furloughed during covid….the vast, vast majority of them

BrownBirdWelcomesWhiteWave · 22/08/2024 21:03

SparklyPyjamas · 22/08/2024 20:55

Bet you weren't moaning about the Tories when you were sitting at home drinking your Pimms in your garden furloughed during the COVID years.

You know nothing about me

How rude to assume

  1. I dont like Pimms
  2. I wasn't furloughed
  3. I dont like sitting in the garden

Any other rubbish you want to spout?

and... I fucking hate the Tories with a fucking passion

happybaby2024 · 22/08/2024 21:04

The raising of social rents is very fair IMHO.

From the guardian:

In 2020, the sector was given a five-year settlement of CPI plus 1%. However, the government later capped any increases at 7%, after the headline rate of inflation hit more than 11% in 2022.
According to the NHF, rents are now 15% lower in real terms than they were in 2015, while the cumulative rent cuts and caps have contributed to councils facing a £2.2bn black hole in housing budgets by 2028

Sunsgoingtokeepshining · 22/08/2024 21:20

JohnTheRevelator · 22/08/2024 20:08

I am fully expecting her to start attacking sick and disabled people's benefits in the not too distant future. Let's face it,they've always been an easy target, regardless of which party is in power.

10.2% of the working age population claim some form of health related benefit. In 2019 this was 7.9%. That’s an extra £12bn we have to find this year, which we didn’t have to find in 2019. To put it into perspective, the extra that has to be found since 2019 is an amount that is double the inheritance tax income HMRC took for 2023/24. I think that we can all agree that if Labour didn’t look intently at why this increase has happened, they would be failing in their duties.

Aduvetday · 22/08/2024 21:24

The thing is no-one wanted to listen pre-election. Anything remotely anti Labour and you were a Tory shill with all the abuse to go with it. Even if you didn’t like what the Tories had done. The warnings were there. This isn’t 1997. We have an ever increasing state reliant population for various reasons. Her quiet comments about getting people back to work and economic inactivity. All aimed at pensioners and the long term sick. The comments about child DLA increasing by 40% are currently being leaked. Anyone who works in the private sector is notoriously fair game but that’s ok though!

VAT on school fees was the biggest con going. A relatively small fry policy which distracted all the masses under the nonsense of “tax the rich.” No critical thinking. All the while the real intentions were there - people missed the nuances of these because - the rich.

Labour are slaves to the unions and we never end up better off after that. The issue was: the Tories got us into a mess bribing the economically inactive and the pensioners and hugely wasteful spending. These targets were always first in line. People weren’t paying attention as they thought Labour would “sack it to those rich.” Turns out that’s everyone apart from public sector workers. Who knew. The warning signs were all there. It’s why they will be short term.

Swipe left for the next trending thread