Tax increases imminent

[Iwishicouldflyhigh]

Heavy hints that taxes will rise in the next Budget after the recent climb down (as the ‘taxes won’t rise again’ was based on a 5 billion saving in benefits).

I can’t lie, I’m so pissed off about this. I don’t think anyone wants to see someone who is genuinely unable to work to be further penalised, but we all know there are thousands of people who could work but don’t.

this country is going to absolute shit . We pay more and more for less and less.

There'll be an outcry about anything any party does, but the main thing is that the protesters will struggle to get widespread support if the change is considered "fair" by the majority.

This was proved by the inheritance tax increase on the poor old farmers - I'm not against it but there was 0 warning.

It’s not so music the tax rises it’s the lack of real reform of any of the problems of the overly complex tax and pensions systems that bothers me.

they should just scrap NI

I agree. Such a shame that Blair/Prescott/Brown shied away from it a couple of decades ago. We desperately need it, but it's another political hot potato because no one trusts the politicians and senior civil servants to get it right!

I’ll have a go at how to save money. It won’t be means testing pensions that’s for sure.

Government had it right the first time then backtracked.

Winter fuel allowance threshold is £35k? WTF, more than I earn and I get nothing and I’m paying for everyone else! Wipe it out for all of them. Sick of propping them up.

The PIP and welfare cuts are needed. So many people could work but have no incentive to if they are being given £800pcm for ‘anxiety’. This needs to protect those that really need it. DLA for kids with mild autism etc - no!

Stop people working just 16 hours and getting topped up. Come and see me when working full time and still need topping up. Why should the rest of us fund your lifestyle choice?

More money into social care to unblock the NHS which will ultimately save money as people get worse while on waiting lists. Invest more in prevention. Stop giving free health care to anyone who rocks up - people should have to prove they are UK taxpayers.

Stop funding social care for anyone who has lived abroad for years then comes home when they need care. We get loads of this in our LA.

Close loopholes on things like discretionary property disregards on people going into care homes. Stop allowing families to put homes into trust to avoid care fees.

Sort out the asylum processing times to reduce the hotel costs to the tax payer - no recourse to public funds should also mean just that. We should not fund people to stay in hotels when they have come over illegally.

Do something about the costs of home to school transport and put more responsibility on parents. Moved to a rural area nowhere near a school then expect the state to fund them getting there? No. LAs to work out better systems for the SEN school transport, paying £60 per day for a taxi to school for one child etc. Better SEN school provision.

Will probably come October budget still be blaming the Tory black hole

I’m not super well off, but our household could afford to pay slightly more in taxes and given the state of public services I really do think those of us that can should be paying more. Schools and hospitals and all the rest don’t pay for themselves.

Of course but this is mn, the same were probably posting any mention of tax rises pre GE were a lie.

I doubt the general public will be as pro Labour. If they have lied it’ll come back. Already sentiment year in is low.

Also bumping this excellent post! Focusing on disabled and IC is the wrong thing. Take the billions spent on bailing out banks (ie more money given to super wealthy). Also why does people keep saying the wealthy will just move out of the UK. Of the wealthy I know, most hage families and connections to the UK so will just pay more. Only the very very top / ultra wealthy will move away if they have to pay more

When people post they want others to pay more tax what income levels or taxes are you thinking of?

That's why I said it's a tricky one.

However you're not "paying into it". Your taxes are being used for the existing cohort's pensions.

We really should have changed the name from "insurance" when it just morphed into yet another tax! It just gives people the wrong idea as to why it's paid and what it's used for!

The problem is we won't be getting better schools/hospitals etc. More money is needed to pay for poorer services.

It's really simple. There was an outcry about cutting benefits. To maintain these benefits (and extend them as more and more people claiming them), tax payers are going to have to pay more. It won't be going to schools and hospitals. It'll be going on welfare and debt interest.

I think people really need to understand this, more tax isn’t going to pay for improvements for a very long time. More investment is needed just to stand still. Services have been cut so deeply and for so long, leaving a trail of destruction in their wake it will take years and billions of investment to get to a point where we see anything additional or improved.

It’s like a house that’s been left to ruin, any money initially needs to go into the foundations, the walls, the roof making what’s there sound again. It’s a long time before you see paint on the walls.

Folk think their additional tax will buy a fresh coat of paint, when actually the roofs falling in.

more tax isn’t going to pay for improvements for a very long time. More investment is needed just to stand still. Services have been cut so deeply and for so long, leaving a trail of destruction in their wake it will take years and billions of investment to get to a point where we see anything additional or improved.

Yep

Governments have had decades in which to plan for people living longer - they've had since 1955 to work out a reasonable estimate of how many people over 70 would be alive today, and what housing, healthcare and support etc. they would need. People living longer is also the result of improved living and working conditions, better housing and better healthcare than was available decades ago - which is surely something to be celebrated rather than something that a few people seem to consider is a negative development.

People "getting pensions for decades longer than was expected" is incorrect - yes, many people are living longer than was expected at the time they were born, but not decades longer, and this could have been predicted and monitored over time and appropriate action taken.

Some people are living to 100, but life expectancy for many in the UK is falling, particularly in the poorer areas of the country, where life expectancy is almost 9 years less than in more affluent areas. UK life expectancy is also lower than in most Western European countries. Someone born in 1960 could expect to live on average until they were 71-72; now the average expectency is 82, but for someone born in Glasgow, life expectancy is still under 76, while for someone in Hart in South East England, the expectancy is 84.7.

And if you have any other assets worth more than £25k and you happen to die from April 2027, they will take at least 40% tax on that as well, potentially a whole lot more.

If UK citizens spent their life in other countries or people from abroad arrive here in the later stage of life they should not expect a pension.

They should consider this before making such decisions and unless they have private financial provision they should return to where they spent the majority of their life. The onus should be on them and also the pension rules in the country they resided in.

People arriving from abroad in the later stage of life don't automatically get a UK pension - the State pension is dependent on the contributons paid.

The exception is people returning from countries with which the UK has a reciprocal deal, so for example, if someone works for 10 years somewhere in the EU, these years (in which they paid pension contributions in that country) can count towards their pension in the UK.

What about pension credit?

The US is establishing concentration camps and abandoning any pretence of due process and respecting the law.

Trump is establishing an armed force which will be accountable to no one.

It's also going to allow large employers to "exempt" their own workers - a move that amounts to a form of indentured labour and no doubt poor and unsafe working conditions

I'd sooner have double the number of immigrants than see my country descend to this level.

Which tax are you talking about?

There is no concentration camp in America. How ridiculous . You may not like Trump, I don't But he was elected by the American people rather like the shower we also elected.
I don't want tax rises I want welfare cut backs but some stupid short sighted people believed labour's lies and voted for them. Just like in America

Plus tax changes behaviour. If people opt out or leave then it’s a shrinking pool paying for an increasing one.

I am talking specifically about tax avoidance no tax evasion, better legislation is needed but government won't throw their pals under the bus by making the pay taxes. Not sure how prevalent is tax evasion in small businesses, tbh I think I less and less businesses take cash these days. Tax avoidance is definitely higher...

Why do you want welfare cuts? Why do you support making life worse for those already struggling? Why do you think it is acceptable that in one of the richest countries on the planet, people cannot access healthcare or dental care, public services are on the point of collapse and millions are living below the poverty line, often in unsuitable housing?

As for politicians telling lies - where are the 40 hospitals? What happened to the Brexit benefits (all I can see is the £100bn a year hit to the economy)? When does the UK start to become the envy of the world? When are the free unicorns arriving?