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.

How anyone can type that with a straight face after the Tories gave is the highest takes since the Second World War is a mystery to me.

Well maybe, but we don't know for sure.
I agree with @cardibach, until we have seen the budget, it is all just rumour and suggestion.
How do people genuinely expect to fund pubic service without tax? And when we know these services are in dire straits, we know we are going to have to increase our tax to pay for them, or lose them.

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.

It describes a majority of working people though, they couldn't do a bank transfer of £3000 without borrowing.

@cardibach and as mentioned earlier which definition will they go with.

There had been indication but who is covered in the definition of ‘working people’ ?

Maybe feel kicked in the teeth by the Tories who fucked it up instead?
And stop the wild speculation, which is making people more scared.

Around 30% of people in the uk don't have any savings

www.money.co.uk/savings-accounts/savings-statistics

I think it’s pretty obvious from both the phrase and what they’ve said, you just don’t want it to mean that for some reason. People whose money comes from working, not passive income. And those who are employed more so than employers (who, yes, do work, but their income is arrived at in a different way).

What indictation? Speculation? Unfounded ‘leaks’?

@cardibach I'm not sure which part of the surprising black hole of billions you aren't grasping? That's not speculation that's from them horses mouth.
If you don't wish to discuss this on a chat site why not move thread?

Also which part did you miss on 2006 global crash, covid, Ukraine?

Every single country has been affected and has struggled through these times in fact... It was doesn't seem like you have read any posts on this thread so why bother repeating.

I’m not sure why you are directing this at me.

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

You would need to be rather financially naive not to realise money has to be found from somewhere.....

Plus labour never said what they planned to spend on the nhs, then there is all the unfunded stuff the Tories left for them... teachers/military/nurses pay rises, blood and p.o scandal pay outs, NI reductions...

Whoever won was going to either tax, cut services or borrow... or a combination of all 3...

The details will soon be released.

I think it’s pretty obvious from both the phrase and what they’ve said, you just don’t want it to mean that for some reason

What are you referring to? I haven’t said what I think they mean, it’s a direct question to you.

It’s definitely not obvious as there are a couple of answers on this thread alone

Your definition states employers are not included as ‘working people’ which is clearly a falsehood. They do work. That’s why the line is a farce

DH and I are under the higher rate tax band but I suppose eventually we’ll class as HR due to inflation and freezes. That would be madness. I would rather a new tax band at 100k rather than freezing taxes for low rate and ‘higher rate’ bands. I’d also like to see them expand the marriage tax allowance to those living together as this would help single earner families with small kids. This wouldn’t benefit me but would have done in the past when I was a SAHM to very little ones and we paid a lot more tax for our income.

My circumstances were stating to get marginally better under tories.

And hand votes to Reform? Electoral suicide. They made it clear that some tough choices would be necessary, and they're happening. The unpalatable fact is that people want improvements in public services and a strong economy but expect other people to pay for it.

So you do have a definition then? And you don’t like their definition?
Still, everything that might be in the budget is speculation. I’m bowing out now. Pointless discussing it with you (as usual).

This is just bollocks though, isn't it? The overall tax take was already at a very high level and Labour's manifesto was "fully costed". It's not like tax is new and the government didn't already have income. They should use that money.

The tories set some traps for the UK and its people, unfunded NI cuts, pay rises...

Now we have posters blaming Labour for Tory decisions, so the Cons plan to get back into power is on track i suppose but who will pay for their scheming?

Employers work or do you think they don’t?

Did you miss the information that the Tories had already spent the year’s ‘budget’ and the contingency in many areas before the election?
While it’s true that stopping handing wedges of our cash to their mates will mean more money for services, there really isn’t much of what was already budgeted left.

This.
Lots of people voted for them thinking ‘the rich’ would be the only ones to pay more and now they will understand that actually ‘the rich’ meant everybody above min wage.

No one would consider Elon Musk a worker or Nick Read... fucking stupid argument.

"Worker" is commonly considered to be someone who works for someone else.... or see how a Bee Hive is described? if it helps....

talk about trying to tie people up in knots ....

So you'd prefer to keep things as they are then @indigovapour ?
No improvements to any of the public services that we all use?
They have to be financed somehow, and difficult decisions have to be made, made worse by the position they found themselves in once in government.
My own preference would be to add a penny or two on the basic rate of income tax, which is clear, but of course the tory policy to freeze the personal allowances is already in place.

Sadly I think we need to have taxes raised, country is on its knees and can’t afford what it’s paying out. I’m going to get sucked into the higher rate tax band any day, might already be there. I accept this.