Labour planning to freeze tax thresholds longer

[Overthebow]

In the news today that they’re considering freezing the income tax thresholds past 2028. AIBU to think this is absolutely a tax rise for workers? I can’t believe they’d do this, they’ve been frozen for so long already.

So not raising employer’s NI then?

They work too

Wasn’t it meant to be ‘fully funded, fully costed’

You know that when parties (all of them) say that, they mean within what they plan to do? Not just from what’s down the back of the sofa?
Nevertheless, what they plan to do (both funding and what will be funded) is still all speculation until the budget is released.

Indeed Eastern standard and all funded through new British energy and this and that.
And raising vat.

So confident and so cocky during the election!

They have got in and realised when you actually have numbers and realise money and real deficits to play with its much harder than it looks from the side lines. Now they are rabbits in headlines panicking.

Eh? They pledged items with ‘fully funded, fully costed’ but not with the indication of tax rises pre GE

Others have put up context to back up workers are people whom go out to work - quite literally

@cardibach politics works by leaks, getting us app ready and managing expectations. If you listen to Andrew marr lbc there are some brilliant comments and experts on there, as well as Sophie ridge on Sunday and in decent papers.

This is the headline in the Times today. All public services are struggling and people are complaining. The money has got to come from somewhere and I guess Labour are v limited due to their manifesto.

They didn't know they extent of the black hole until they got in.

Yes remember all those lines about non dom, vat etc and kicking off at the suggestion that taxes would rise during the debates

Hopefully some will remember just that short time ago

What did they think they would find through?
Nealry every single country in the world is still bearing the impacts of the 2006 global financial crash / covid /Ukraine.

We are not alone.
Every country has struggled and managed to that struggles in different ways.

Of course they did

Really?

‘Working people’ is an absolute nonsense term that Labour have had to invent a definition for because the vast majority of
what we used to call working class jobs are no longer classed as being ‘working class’. Probably more so public servant type jobs. It’s like being working class has become distasteful.

I work in a job that had gone from being vocational to degree qualified & I earn less in real terms than I did when I qualified almost 20 years ago. I am a ‘working person.’ The first in my family to go to university (as is my husband) and no, we can’t really ‘write a cheque‘ if we had an emergency or financial problem. We would be stuffed.

I reckon we’re about to be shafted by this government.

If they didn't they really are utterly incompetent.

No country has come out of triple whammy unscathed.

On Andrew marr some expert guy was saying every country has debt and blackberry holes to fill and wealthy countries like us will have debt wealthy people have debt. There is nothing wrong with it it's how you manage it.

@AgathaMystery we have just got a stage where we could write a very small cheque, income combined under 60 grand.
I also reckon having taken very small steps forward over the past few years labour will grab us by the collar and yank us back.

It’s Labour. Of COURSE they are going to increase taxes, it’s what they do. Anyone who thought they wouldn’t or that it would somehow affect other people who could afford it but not them is hopelessly naive

Loads of posts on here reflecting that pre GE. They won’t raise taxes etc

"we will tread lightly on your lives".

Yes, really. Unless they are totally inept they would have had a reasonable idea of where the country sat financially. This will be used as an excuse for many things correctly and incorrectly.

Im behind the means testing of winter fuel allowance, but feel that the punishment of freezing the PA for workers is the wrong thing to do, just increasing this by £500 per year after 2028 would bring people out of poverty.

Be interested to see what they do with NMW

the whole 'write a cheque' thing is utterly ridiculous as a measure, mainly because who writes cheques in 2024? People barely use cash, let alone cheques.

But even if what they actually mean is 'people who work but don't have savings to cover an emergency,' that means fuck all.

You could earn £35k a year, be responsible, and prioritise saving, managing to squirrel away £50 a month by not treating yourself to takeaways, new clothes etc. to the point you have, through hard work and sacrifice, saved up £17k. Suddenly you lose your job and despite having worked since you were 16 aren't entitled to claim any benefits. Or you could earn £70k, spend every penny on holidays, manicures, daily pret, new car, and not have a penny to your name.

Recent politics has, yes. It’s not a natural state. I see no indication that anyone can evidence a leak rather than a piece of speculation
Wait. For. The. Bloody. Budget.

And we still have no indication of tax rises (though they didn’t say that. They said no tax rises for working people).

Not according to the OBR they didn’t. Or do you know better than the people looking at the actual figures?

@cardibach well the problem is people are very scared by what they are being told about endless black holes that need filing with our money.

So in fear people talk and chat it's natural.
We've just been hit by so much utter unfortunate events recently, I think people feel hopeless, down and quite frankly about to be kicked in the teeth by the so called "kind party" who keep finding naughty tory holes...