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

[Sharingsomewisdom]

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?

The country’s debt DOUBLED under the tories BEFORE COVID. It’s now £2.7 trillion

Anyone with a brain before the election knew there was pain to come, but none of the political parties would be honest about it. Particularly reform/greens, but they can lie because they know there’s no chance of them winning.

So I’m not too worried that Rachel Reeves is doing unpopular things. I feel like the adults are back in the room, decent people.

The main issue is that Labour have shown themselves to be inherently dishonest. Numerous pledges they made during their time in opposition have been dropped immediately.

There is a clip from 12 months ago where Starmer is talking about how disgraceful it is that the Conservatives have even considered cutting the winter fuel allowance. Fast forward to the election and within a month Labour has withdrawn it from millions of pensioners.

The wider economic situation post Covid has been in the public domain for ages. If Reeves and Labour claim they didn’t know they are either liars or grossly incompetent. Maybe they should confirm which it is.

Starmer is a like a rabbit in the headlights. I’m pretty sure he has imposter syndrome. It’s easy to sit on the sidelines being critical, it’s a very different matter when you become accountable.

Seeing him in NI this week calling all rioters there racist just shows how out of his depth he is. I’m sure pretty much everyone there felt offended by that.

The government appear to be way out of their depth and we’ll all have to pay the price for their incompetence.

Same old Labour, in the thrall of the unions, promoting high tax and clueless about how to create growth.

For the first time in my life I feel the government is my enemy which is sad.

Decent people, are you serious??

100%

they are concerned with the country as a whole not just the richest

You think Johnson and Truss were better?

Even if they go against this as @Bushmillsbabe put in pp

I thought she said pre election that she wouldn't raise taxes and she wouldn't increase borrowing?

Hardly anyone would vote for a party that says they’ll put up taxes. I would - I’m not rich but and feel lucky. I’m not struggling for anything,

I would prefer higher taxes and better police/judiciary, better schools for all and NHS, less potholes, and other services we rely on. Less consumerism, better mental health.

People don’t vote for that unfortunately so all politicians lie

But at least there’s not such a proliferation of lying to line their own pockets

but labour claimed they were not going to raise taxes. If they thought that there was a hole in the budget that would mean they had to raise NI then they should have been upfront instead of this pretence.

"I thought she said pre election that she wouldn't raise taxes and she wouldn't increase borrowing?"

Didn't she specifically refer to income tax & Nat insurance,

Although given we couldn't afford the Conservatives cuts to national insurance I think that was foolish.

They should have been upfront, I can't see it being decent to pretend just to get in

if people don’t vote for that though that’s democracy. Doesn’t mean politicians are compelled to lie to us

I was just going to say that didn't end well last time !!

Then we’d have more Tory corruption right now

Agree that if we couldn’t afford it that was foolish. But they should still be upfront and not play this charade. It’s insulting

We're all going to hell in a handcart 😩

Council tax pays for a lot more than just social care.

Instead we have labour corruption. Which is just as bad

Affordable rents are higher than social rents. So people on a lower income in SH will be funding those who can afford the "affordable" rents.

Union donations suggest that isn’t true.

Except its not social housing. Its affordable housing. People keep conflating the two.

Especially when it’ll be covered by another government department so won’t actually save or increase the governments funds 🤦

Do you have a source? The most recent G7 forecasts I've seen were in May - before we exceeded our forecast figures. Our forecasts have been duly updated, I assume the G7's have too? I must've missed them, sorry. Regardless, they'll have to be an extremely rough estimate as there's so much political turmoil at present, both here and abroad. We now have a new government and who knows whether he'll continue the policies that led to the growth or try something else, which may be more or less successful. Both the US and Canada are coming up to elections, both with the potential to dramatically shake their economies. And as a nod to the first post I responded to, saying our growth is likely to fall faster isn't particularly illuminating as our growth is currently a lot higher than all but America's, so even if our growth rate slows more than the others, we'll still be growing more. The figures show us recovering extremely well comparatively, and we should be very pleased with that. Especially as we've managed it with all the political crap over the last couple of years, it's actually astonishing we're not knee-deep in recession!

PS Earth plc is in a very bad place, we all have insurmountable debt. Which is obviously going to rise, whoever's in charge - as are the interest payments. I've not heard anyone denying this.

Oh, look. A political thread that doesn't continuosly praise the Labour Party or left in general.

Nasty personal comments, snide remarks, downright insults, shitty tory puns, gloating, claiming posters are stupid because autocorrect errors exist, accusations of working for Conservative Party HQ, this🤣, this😂, this 🙄 and this "HTH".

How very mature.
Won't, or is that can't, engage in genuine discussion on matters that rightly concern people. Everyone must throw their hands up, dance and sing in praise of the blissful Utopia, that exists all throughout the land under a Labour government. Anyone not doing so will be set upon immediately.

It's predictable and it is tedious.

All (well, nearly all, as I'm not including extremist ones) political parties are good in some ways and shit in others. Which is which is highly dependent on individual circumstances. Can folks not ask questions, ponder or express worries without the instant mockery.

They said no rises in taxes for working people, income tax, NI and VAT.

Stop being dishonest, you know v well what they promised pre GE, you re just a sore loser.

Plenty of room for other tax increases.

There was already a financial.deficit but RR has given Junior Doctors a huge pay rise as well as train drivers/staff getting over 15 percent. This has put the UK in more debt. She taken away all pensioners WFA unless on PC so those pensioners on just £11,500 a year will go cold as £200 above being able to apply for PC. I think she doesn't like pensioners and I think she takes away free prescriptions for over 60's and maybe free bus passes too. She might also stop people being able to leave a private pension to another person under £75k upon death. She'll almost certainly put up CGT to income tax levels. I think she'll stop people gifting to DC. I think she might change pension allowance so the government no longer tops up 40 percent to higher rate tax payers but maybe make a 25 percent band for all who use it. I think that's just for starters because if she gives high pay rises at double inflation to many more workers shell have to put other taxes up more to pay for it.