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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
OnceUponATimeInTheWest · 21/08/2024 20:43

AuntieJoyce · 21/08/2024 20:39

Apologies I’ve not phrased that correctly.

20% of the voting population

What a great electoral system we have. And people still believe we live in an actual democracy.

AuntieJoyce · 21/08/2024 20:44

OnceUponATimeInTheWest · 21/08/2024 20:25

Did I say all? Don’t think I did.

Did I say that you said all? I don’t think I did.
I referenced the MN trope of all the wealthy pensioners who can afford it which is appearing regularly on any thread discussing the WFA.

Do you think it’s a reasonable thing to take the WFA off female single pensioners who are living on a grand a month?

Livelovebehappy · 21/08/2024 20:46

RobinStrike · 21/08/2024 20:27

Do you really think agreeing terms with the train drivers is crappy? Even Mark Harper who was negotiating with them in the previous government has publicly stated that the strikes cost more than the pay rise would have. Sou wouldn't it have made more sense to have settled years ago and had a fully functioning rail service and save some money?

x.com/simonscarrow/status/1824718855391842783?s=61&t=708dEn_EkpuN3JVBO9mR8A

No, because a couple of years from now, when they decide they need another big pay rise, they would do the same again if they think this is the thinking behind it. We can’t be held to ransom.

rumblegrumble · 21/08/2024 20:53

MushMonster · 21/08/2024 20:28

There is a Pension Credit scheme, so you can find out if you are still entitled to the winter fuel allowance.
It will be means tested. Some pensioners have good incomes, so they may actually not need the top up.
https://www.gov.uk/government/news/pension-credit-awareness-drive-as-thousands-of-eligible-pensioners-yet-to-claim--2#:~:text=The%20regulations%20to%20means%2Dtest,from%2016%20to%2022%20September.

Worthy for any pensioner and family members to check if they qualify.

There was another thread a while ago that worked out that with all the 'extras', people on pension credit will now receive less than people on pension credit. Which, if true, is horrific. I'm actually surprised there's not a lot more pushback on this, I guess Labour's correct in thinking people really don't care about the elderly anymore. Maybe when their corpses start piling up, people will protest? Or maybe just celebrate all the houses being freed up...

Clavinova · 21/08/2024 20:54

RobinStrike · 21/08/2024 20:05

Paul Johnson of the IFS who seems to be held as the guru for all of this has said that while the books were open and the incoming government was aware of a lot of the problems, some of it had been hidden as it hadn't yet been disclosed officially so wasn't in the books.

fullfact.org/economy/labour-government-blackhole-public-finances/

The IFS here in March 2010 - so much for Labour's 'joke';

Alistair Darling admitted that Labour's planned cuts in public spending will be "deeper and tougher" than Margaret Thatcher's in the 1980s, as the country's leading experts on tax and spending warned that Britain faces "two parliaments of pain" to repair the black hole in the state's finances.

The Institute for Fiscal Studies said hefty tax rises and Whitehall spending cuts of 25% were in prospect during the six-year squeeze lasting until 2017 that would follow the chancellor's "treading water" budget

https://www.theguardian.com/politics/2010/mar/25/alistair-darling-cut-deeper-margaret-thatcher

Greybobblyowl · 21/08/2024 20:55

Perfect28 · 21/08/2024 20:33

I think there will be council tax reform.

Our LA are already holding a consultation on this

OnceUponATimeInTheWest · 21/08/2024 20:56

AuntieJoyce · 21/08/2024 20:44

Did I say that you said all? I don’t think I did.
I referenced the MN trope of all the wealthy pensioners who can afford it which is appearing regularly on any thread discussing the WFA.

Do you think it’s a reasonable thing to take the WFA off female single pensioners who are living on a grand a month?

Glad we agree then.

Not really. I'd also not take if off the single men living on that much either.

Do you though think it's reasonable to give pensioners spending more money than the average working family the WFA?

MushMonster · 21/08/2024 20:57

I do agree that we cannot be held to ransom by the railways, other transport or any of the essential services.
We cannot just freeze their wages year after year either.
A fair culture of trust needs ti be established. With the essential services as a pillar to the government and a mutual respect between them and from them to us, the poor users that aleays seem to pay for it all.

I do agree with re- nationalising railways. I have great hopes for it. Real growth!

And I would like to see a minimum services strike law introduced in near future. It has to be a fair give and take.

EasternStandard · 21/08/2024 20:57

rumblegrumble · 21/08/2024 20:53

There was another thread a while ago that worked out that with all the 'extras', people on pension credit will now receive less than people on pension credit. Which, if true, is horrific. I'm actually surprised there's not a lot more pushback on this, I guess Labour's correct in thinking people really don't care about the elderly anymore. Maybe when their corpses start piling up, people will protest? Or maybe just celebrate all the houses being freed up...

The elderly can't strike nor do they have unions so they're an easy target. Sadly

EasternStandard · 21/08/2024 21:00

MushMonster · 21/08/2024 20:57

I do agree that we cannot be held to ransom by the railways, other transport or any of the essential services.
We cannot just freeze their wages year after year either.
A fair culture of trust needs ti be established. With the essential services as a pillar to the government and a mutual respect between them and from them to us, the poor users that aleays seem to pay for it all.

I do agree with re- nationalising railways. I have great hopes for it. Real growth!

And I would like to see a minimum services strike law introduced in near future. It has to be a fair give and take.

And I would like to see a minimum services strike law introduced in near future. It has to be a fair give and take.

We had this law just put in but Labour are now repealing it?

AllPrincessAnneshorses · 21/08/2024 21:00

hairbearbunches · 21/08/2024 14:28

To be honest, I'm past caring. If Labour had pulled together back in 2017, we could have saved an awful lot of money and had more to go round now, because as bad as it may nor may not have been, Labour under Corbyn would not have wasted the billions that were trousered under Johnson during Covid.

Reeves is ex BoE and still in thrall to the failed project that is neoliberalism. Unless we bring in a wealth tax on the super rich and stop corporations from all their tax avoidance shenanigans, it's all just Titanic deck chair rearranging.

Given that virtually all English councils will declare bankruptcy in the next few years, increasing social rents to pay for more council housing is like sticking a plaster on an arterial bleed. It needs big, creative ideas, not more of the same tinkering around the edges bollocks.

Ideas like what? Seriously not taking the p...

AuntieJoyce · 21/08/2024 21:04

OnceUponATimeInTheWest · 21/08/2024 20:56

Glad we agree then.

Not really. I'd also not take if off the single men living on that much either.

Do you though think it's reasonable to give pensioners spending more money than the average working family the WFA?

No I don’t. I think having some sort of cut off around the equivalent of the living wage would’ve been a reasonable balance.

Theolittle · 21/08/2024 21:10

I think current pensioners as a whole will be some of the luckiest ever to have lived! Because of falling birth rates and longevity there’ll be a lot less money to support future pensions. We already have to
Work longer, it’s likely to get worse

Xenia · 21/08/2024 21:15

Quite a few pensioners just have the state pension which is about £12k a year so not exactly living in clover. I will work until I die as did my father and he spent £130k in his last year of life using up last of his savings for his dementia care at home. I am not a current pensioner but when and if I get my state pension the state will take at least 40% of it back in income tax as I will still be working and the balance might pay the council tax (nearly £5k a year as I am kind enough as a single mother to house adult children so don't even get the 25% discount) and some of the power bills.

JT69 · 21/08/2024 21:17

Bollihobs · 21/08/2024 14:31

Who was it in Labour left that infamous note for the then incoming Tories in 2010 saying "Dear New Chancellor, sorry but there's no money left!" Same old same old.

You know that successive governments do that note thing as a tradition right ? Sadly this time the Tories really did leave the Treasury empty…. Thieving and corrupt to the end.

rumblegrumble · 21/08/2024 21:18

Theolittle · 21/08/2024 21:10

I think current pensioners as a whole will be some of the luckiest ever to have lived! Because of falling birth rates and longevity there’ll be a lot less money to support future pensions. We already have to
Work longer, it’s likely to get worse

Not necessarily, the robots are coming (apparently). Not that this country's doing anything to invest in them.

Theolittle · 21/08/2024 21:18

Xenia · 21/08/2024 21:15

Quite a few pensioners just have the state pension which is about £12k a year so not exactly living in clover. I will work until I die as did my father and he spent £130k in his last year of life using up last of his savings for his dementia care at home. I am not a current pensioner but when and if I get my state pension the state will take at least 40% of it back in income tax as I will still be working and the balance might pay the council tax (nearly £5k a year as I am kind enough as a single mother to house adult children so don't even get the 25% discount) and some of the power bills.

I agree £12k isn’t massive but it will be hard for the country to afford this for pensioners going forward, because of the low birth rate, so it is likely to drop in future, or taxes will go up, or retirement will be latwe

you need to charge your adult kids board!

and I’m not going to feel sorry for you earning enough to pay 40% tax, I work bloody hard and am a single mum but don’t pay that much

MushMonster · 21/08/2024 21:23

EasternStandard · 21/08/2024 21:00

And I would like to see a minimum services strike law introduced in near future. It has to be a fair give and take.

We had this law just put in but Labour are now repealing it?

I do favour the idea.
Not sure the one in place is a fair one, I have not read the ins and outs. It may need changes to actually work.

But I was born in a country with it. Live through the equivalent NHS strikes and patients were ok. The pressure was put on the government through newspapers and the mere fact that the health system was on strike. It took two rounds (two days, separate occassions, 24 hours per strike), then the government had to call for GE and lost them.
We had good health care cover all through it.
They were also facing rail strikes. These resulted on more hassle to the population, but the country did not come to a standstill at the stations IYKWIM.
At the threat of general strike, GE happened.

You do need to create a culture for this. When nurses and ambulances were about to strike, Sunak and Steve Barclay refused to talk to the unions. That is beyond crazy to me. Total disrespect to the population of UK, who pays their wages and needs nurses! It needs a culture of trust. Unions will not milk their very important position. The government will listen to unions, meet up and commit to sort the issues.
This would not work with the exiting government LOL the law that they created or were on the go to make may reflect their attitude to the essentisl services and service users.

ChallahPlaiter · 21/08/2024 21:24

BellaBlythe · 21/08/2024 14:31

Whilst I agree with most of the above. The shortfall was known about for about 6 months or longer and had been discussed in the heavyweight papers if not "The Sun".
RR & KS knew the problem because the books were open, nothing was concealed. I wish they wouldn't pretend so.

But they have to. Whatever you think of Reeves - and I’m not a huge fan - the government has to hammer home the message that the Tories failed dismally and made a dreadful mess of the economy and the country. Otherwise, when they can’t fix 14 years of chaos and disaster in five years, there’s a good chance that the Conservatives may get back in, and then we’ll be truly sunk.
Much of politics is about manoeuvring and playing the right wing media.

edwinbear · 21/08/2024 21:37

RobinStrike · 21/08/2024 20:27

Do you really think agreeing terms with the train drivers is crappy? Even Mark Harper who was negotiating with them in the previous government has publicly stated that the strikes cost more than the pay rise would have. Sou wouldn't it have made more sense to have settled years ago and had a fully functioning rail service and save some money?

x.com/simonscarrow/status/1824718855391842783?s=61&t=708dEn_EkpuN3JVBO9mR8A

They haven’t ’agreed terms’ though. The train drivers took their massive pay rise, then announced fresh strikes the following day. So we have exactly the same problem, we’re just paying more for it.

ChallahPlaiter · 21/08/2024 21:37

GasPanic · 21/08/2024 15:56

Weren't they accusing Sunak of lying in the TV debates that Labour were going to increase taxes by £2000 ?

Let's see how that works out.

Not sure if this has been addressed but Sunak actually said Labour would increase taxes for working families by £2000 and that this figure had been provided by the civil service. The Treasury’s most senior civil servant then had to write to Sunak to remind him that this was not a statistic provided by the civil service (I.e. he was lying) and that he couldn’t repeat the claim in those terms.

EasternStandard · 21/08/2024 21:42

ChallahPlaiter · 21/08/2024 21:24

But they have to. Whatever you think of Reeves - and I’m not a huge fan - the government has to hammer home the message that the Tories failed dismally and made a dreadful mess of the economy and the country. Otherwise, when they can’t fix 14 years of chaos and disaster in five years, there’s a good chance that the Conservatives may get back in, and then we’ll be truly sunk.
Much of politics is about manoeuvring and playing the right wing media.

Much of politics is about manoeuvring and playing the right wing media.

You can't just pretend you won't do something eg tax and borrow due to the media and wanting to get in power. The media go after all politicians in any case

If Labour promising stuff then reneging makes people go off them then that's down to their actions

Farting · 21/08/2024 21:44

OnceUponATimeInTheWest · 21/08/2024 20:43

What a great electoral system we have. And people still believe we live in an actual democracy.

Who are these people you speak of? I don’t believe we have a democracy at all.

Clavinova · 21/08/2024 21:53

JT69
You know that successive governments do that note thing as a tradition right?

I know that John Major left a note for Tony Blair that read;

"It's a great job – enjoy it."

Have you got any other examples?