Concerned that Labour govt might fleece me in upcoming budget?

[RightOh9oo]

Aibu to be concerned that Labour government might fleece myself/family in the next budget?

If they remove the right to UK pension for all, by making it means tested....I think I'll stop working this year. I'm early 50s, does anyone else feel like this?

I'm going without so much to save in my private pension, so no holidays to speak of.

Does anyone know what is in store in the upcoming budget?

Rachel,are you there....? 😂

I heard she is putting 1p on income tax to fund her wardrobe now that she can't accept donations.

This won’t happen.

More likely to go after CGT/Inheritance Tax/Tax reliefs/Employer NI.

Stop making up nonsense.

Like Truss was talking about stopping cancer care on the NHS

What about the cheese rumours? 🧀 🫕 🧀

Life expectancy has been over 70 since 1960.

U.K. state pension was introduced in 1909 as the pension age was 70, male life expectancy was 52 at the time.

Am sick of hearing and reading about the ' this might happen ' ' that could happen ' scenarios just so there is something to put in a crap article in a newspaper or whatever. We will all just have to wait.

Just wait the five weeks till the budget and stop scaremongering ffs

Scaremongering….don’t be so ridiculous…

i have heard that the DWP are going to run courses in food foraging for the over 65’s and anyone who is classes as poor.

I think though that what fuels these rumours is the fact that labour haven’t ruled them out.
In fact they have said they can’t rule out removal of single person’s council tax, and so that remains a possibility.
The fact that KS keeps putting out doom headlines without any substance is just adding to public angst.

Maybe if he didn't do the whole 'pain' press conference he could have avoided it

Can you explain please how exactly Labour could remove the 25% single person's discount from single people across the UK?

Hint: they couldn't.

The government hasn’t ruled them in either. We all know the budget’s on 30 October, why don’t we all just wait for it instead of endlessly speculating?

They would have to give people notice time to make alternative arrangements. Think WASPI women got 5 years notice but not 7 years report said they needed. I think RR will go after 25 percent tax free on pensions over a certain amount. Maybe go after free prescription charges for over 60's and make people wait until they are 66/67 to get free prescriptions or even means test those so anyone not on PC might have to pay.

Of course they could, if they wanted to.

You want to know if Labour will do something they've never hinted at doing and are in a position where even if they did do this you'd be able to retire in your early 50s, and then have the nerve to say you're worried about being fleeced?

More likely motorist get charged per mile for motor tax instead of normal car tax.

What a shit trick the government have pulled by removing the winter fuel allowance without putting it in their manifesto. So it's like 'if they'll do it to poor pensioners they'll do it to anyone'. They've made broad warnings that actually sound like threats that many of us are going to suffer in the budget, and allowed fears and rumours to swirl around. They seem to want people to worry, and of course newspapers build on that. I hate what they're doing.

I think the OP has confused winter fuel allowance for pensioners with pensions.

You already do if you have a diesel or petrol car. Fuel tax is like 50% of the cost of fuel. A pay per mile road pricing just means that EVs are paying more which might be needed as tax revenue from fuel decreases?

If there is changes to state pension they have to be phased in well in advance so people can plan retirement - otherwise a legal challenge.

think the budget will be ugly and they will blame the previous government - same as any incoming government they can blame it on them even though they always planned the cuts to pay for other things

Forgot to quote the poster I was replying to!