Rachel from accounts has crashed the economy

[Almn0etd]

So borrowing costs are now even higher than when Liz Truss was around.

The economy is well and truly cooked and in a far worse shape now that Rachel accounts is in charge.

Why isn’t this dominating the news cycle? Because it’s Labour.

The Tories were atrocious. Labour are an indescribable disaster for this country, surpassing the lowest of the low bars. Cue Labour apologists who don’t mind being made poorer and having the country destroyed, as long it’s Labour doing it to them.

I wouldn’t hold my breath.

Champagne socialists come from the same school as luxury environmentalists Namely, ‘do as I say, not as I do’.

Its always the same

‘boohoo I am dying to pay more tax, they just won’t let me’.

That could be interesting if true. Notice the 1400 job losses in October too. I wonder what happened in October!

Americans call it property tax.

I think it is a reasonable idea. However it reminiscent of Margaret Thatcher’s Poll Tax which went down very badly in this country. I suspect all political parties have institutional memory of this.

Who is forcibly holding you back from paying more tax? Whoever is doing that is committing financial abuse. You can do something about it.

Downsize from a million £ property and give a large chunk to charity or HMRC?

@TheNuthatch , @Anniedash etc

As it happens we have only owned our home for about 10 years, having relocated back to the UK from the US shortly before that. We are not huge beneficiaries of housing inflation. Furthermore the last 14 years of harmful price rises have occurred under Conservative governments, not the Labour one you patently loathe.

We’ve been lucky enough to have good if very wearying and stressful jobs. Stop making assumptions about my life.

When people go on about wanting to pay more tax on mn and then let everyone know their wealth. Nothing is stopping them

HMRC makes it easy

Wanting to change tax policy is hardly the same as wishing to throw money randomly at the government.

I had credited you, @EasternStandard , with the intelligence to appreciate the difference.

Oh the irony.

For those advocating for ever-increasing taxes, because the UK suffers from rampant ‘inequality’ innit? Where do you think said funds will end up? Well, I can tell you, a significant portion will end up servicing public sector pensions.

Let us know how you get on with your attempts at creating ‘equality’.

The world is not egalitarian, and never will be. As you sit posting from your IPads etc.

The ignorance and stupidity is mind-blowing, but is symptomatic of much is what is wrong with the UK.

@poetryandwine whilst I appreciate the attempt slight I agree with pp walk the walk and all that

I want to pay higher taxes posts are ones that are easily resolved.

They think it adds credence to their argument.

I suspect many are simply delusional.

Let’s compare scar tissue.

What sectors/roles are/were you and your DH in?

Are you still there P&W?

(No, I don’t mean that P&W….)

It really grinds my gears when I hear wealthy people bang on about wanting to pay more tax! Crack on then, nothing stopping you. Let the government use it for the greater good.
They should ride their high horses to HMRC and donate their wealth. If they won't do that, they should vacate the moral high ground and stfu.

I don't even know who to vote for anymore, the labour party just seems like the other hand of the Tory party these days. I hate the tories, was living in fear their whole reign on the country.

I'm long-term disabled and have a bunch of illnesses on top. Wheelchair user and I'm awake possibly 2-3 hours a day if I'm lucky then random 48 hours insomnia. So I'm incapable of working in an office setting or manual labour. What I get on universal credit and pip is hardly enough to pay for food and bills and leave anything else left afterwards so the changes the Tories were going to impose and then the labour party carrying it on has just made my health decline even more.

I'm spending more time worrying about if I'm going to have a roof over my head and be able to eat& keep warm than getting time spend at the doctor's of with my specialist team.ive had to delay appointments because I'm too exhausted to move at all. I dunno what's going on from one day to the next. I want to just switch off from the internet and try and just relax a little bit so I can have just a spoon or 2 left for the day but I feel I'll miss something awful happening.

Indeed.

I don't have a £ million property, but a £425000 one. The rest is in investments. I give the interest on those investments I make to charity each year.

Yes, agreed. Making assumptions is not a good idea

Interest indicates you hold cash only, not other investments, such as equities or fixed income.

Yup, that's about right. Mostly cash, some shares...so we could say dividends are donated. I do have some gold for emergencies. I haven't sold that, though the markets are high for that right now. No fixed income, that's right. I haven't drawn down my US or Uk pensions yet...not old enough to do so for the USA one because the age is 59. The UK ones I don't need yet. I'll wait on this until I'm 67. I do have to have some set aside for elder care.

And the point is?

The point is/was that the source of your donations was derived from cash interest, given that you did not mention dividends, coupons or other forms of investment income.

Feel free to give as much as you seem
keen on to HMRC, it’ll do more good than posting about wanting to on mn

OK.

Same. Feel free to put the money where the typing is. Nowt stopping it. Crack on

As said above…”wanting to change tax policy is hardly the same as wishing to throw money randomly at the government”.

I already give quite a chunk of change as well as time to charity. I don’t live ostentatiously and in a smaller house, one car. Hence the savings. I’m leaving everything in my will to charity. I paid 40% tax routinely when I worked…50% would not be that big of a stretch if it meant that people in the UK had a decent quality of life and social safety net like they do in Denmark. It also would reduce income disparity.

It is possible to have the Danish model, but we have the added complication of a big hole to fill in the treasury.