“Anyway, its all a bit off tack, VAT on school fees is unfortunately, required, the 5 to 6 billion over 5 years, can go into state education.
Talking to my brother, whose children go to PS, his opinion is thats its just another cost, which he and everyone he knows at their school is very affordable.
Yes well aware thats not going to be the case for all.”
@Absolutely45 - the 5/6 billion will not manifest. Do you also believe the non dom tax will raise billions?
These are populist policies based on behavioural “data/predictions” (oxymoron) that do not lead to what the politicians claimed (not without an ounce of bad faith either). Not sure relying on spurious data in the first place to get yourself voted in is a good thing.
I was at a party recently listening to some quite serious Central Bankers discuss the financial risk of populist policies, of course, Trump being the main concern for global financial stability. But non dom taxation changes/farmers taxes/VAT on Education etc. these are all symbolic policies aimed at a voter base, but can cost us dearly.
Right now the pound is a buying opportunity and we have a lot of companies with strong underlying performance, but not many people are buying into the British idea. It is because are not seen as politically stable anymore. And introducing further populist policies which Labour did, contributed further to that. So it is very difficult to believe that the grown ups are in charge and that it is fully costed etc. It clearly is not.